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.
Appears in 4 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Extension Agreement