Common use of One-Time, Lump Sum, Non Clause in Contracts

One-Time, Lump Sum, Non. Recurring, Pensionable Payment‌ Effective the first full pay period approval beginning October 23, 2018, contingent on Union ratification of the successor MOU and approval by the Sonoma County Board of Supervisors on or before September 25, 2018, each regular, full time employee in paid status as of November 5, 2018, shall receive , a one-time, lump sum, non-recurring pensionable payment in the amount of two thousand three hundred and one dollars ( $2,301) to on November 14, 2018. The above amount shall be prorated for eligible part-time employees based on their allocated full-time equivalent (FTE) as of the last day of the pay period. The one-time payments will be subject to all applicable federal, state, and local tax withholdings. The payments will not be included in wages for computations of overtime, benefits, or for any other purpose.

Appears in 1 contract

Sources: Memorandum of Understanding

One-Time, Lump Sum, Non. Recurring, Pensionable Payment‌ Payments‌ Effective the first full pay period approval beginning October 23, 2018, contingent on Union ratification of the successor MOU and approval approved by the Sonoma County Board of Supervisors on or before September 25, 2018, each regular, regular full time employee in paid status as of November 5, 2018, shall receive , a one-time, lump sum, sum non-recurring recurring, pensionable payment in the amount of two thousand three eight hundred and one eighty eight dollars ( $2,301($ 2,888) to be paid on November 14, 2018. The above amount amounts shall be prorated for eligible part-part time employees based Based on their allocated full-time equivalent (FTE) as of the last day of the pay period. The one-time payments will be subject to all applicable federal, state, state and local tax withholdings. The payments will not be included in wages for computations of overtime, benefits, or for any other purpose.

Appears in 1 contract

Sources: Memorandum of Understanding