Ratification Bonus Clause Samples
A Ratification Bonus clause establishes a financial incentive paid to employees or union members upon the successful ratification of a new contract or agreement. Typically, this bonus is a one-time payment distributed after the contract is approved by the relevant parties, such as union members voting in favor of a collective bargaining agreement. The core function of this clause is to encourage timely ratification and reward participants for their cooperation in finalizing the agreement, thereby facilitating smoother negotiations and implementation.
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Ratification Bonus. (a) Each regular full-time employee on the Company payroll as of the date of ratification of this 2022 Extension Agreement will receive a single $500 lump sum contract ratification bonus. Each regular part-time employee on the payroll as of the date of ratification of this 2022 Extension Agreement will receive a prorated ratification bonus based on what their part-time classification (or “part- time equivalent work week”) was on the ratification date. These ratification bonuses are contingent on the 2022 Extension Agreement being ratified by January 20, 2022. The Company will pay this bonus as soon as practicable following ratification, subject to normal wage withholdings and deductions.
Ratification Bonus. Each regular full-time employee on the payroll as of the date of ratification will receive a single $1,000 lump sum contract ratification bonus. Each part-time employee on the payroll as of the day of ratification will receive a prorated ratification bonus based on their part-time classification (or “part-time equivalent work week”) on the ratification date. These ratification bonuses are contingent on the Agreement being ratified by May 7, 2013.
Ratification Bonus. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is less than $90,000, shall receive a one-time, non-pensionable payment of $1,000. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Regular Hire full-time employees whose combined annual compensation, inclusive of base wages and any form of cash back and exclusive of overtime, is equal to or greater than $90,000, shall receive a one-time, non-pensionable payment of $500. This amount will be prorated for Regular Hire part-time employees based on the part-time employee’s FTE. Effective the first full pay period of July 2018, or in the first full pay period following adoption of this Agreement, whichever is later, Contingent Hire employees who do not have a Regular Hire appointment will receive the following one-time payment based on hours worked in the July 1, 2017-June 30, 2018 fiscal year: 1,000 hours or more but less than 1,800 hours: $250 1,800 hours or more: $500
Ratification Bonus. For all employees on the active payroll as of May 15, 2016, and who are also on the active payroll as of the date of payment, there will be a ratification bonus of $700 based on full-time FTE. For example, a 1.0 FTE shall receive a bonus of $700, a 0.5 FTE shall receive a bonus of $350, and so on. Reserve nurses shall receive a bonus based on 0.2 FTE ($140). The bonus will be paid within two pay periods of ratification.
Ratification Bonus. Effective the first full pay period of July 2018, or in the first full pay period following adoption of the agreement, whichever is later, employees shall receive a one-time, non- pensionable payment of $500.
Ratification Bonus. There shall be a ratification bonus based on the 2 nurse’s FTE as set forth below: 3 • 1.0 FTE: $2500 4 • 0.9 FTE: $2500 5 • 0.6 FTE: $1500 6 • CPT: $500 8 The nurse must be on the payroll at both the contract expiration date 9 (June 30, 2024) and the contract ratification date to be eligible for the
1 ARTICLE 10 PAID TIME OFF (PTO) & SHORT-TERM DISABILITY (STD)
Ratification Bonus. Upon ratification of this contract on first vote, each employee in the 4 bargaining unit will receive a payment of $2000 and shares of Spirit stock at a value of $1500 at the 5 time of award within forty-five (45) days from the effective date of this contract. 6
Ratification Bonus. Effective with the ratification of this Agreement, all employees represented by this Master Agreement and actively employed as of July 29, 2022 will be paid a $750.00 ratification bonus on July 29, 2022.
Ratification Bonus. Upon ratification of this Agreement by SEIU and the City of Rohnert Park, the City shall pay to each employee a ratification bonus of $500.00. This bonus will be paid in one lump sum in the first full pay period for the fiscal year 2014/15 (July 25, 2014). The ratification bonus is taxable, and all regular payroll taxes will be withheld unless deferred into a 457 account.
Ratification Bonus. All bargaining unit employees employed as of the date this Agreement is ratified will receive a one-time ratification bonus of $2,500.