Common use of Ratification Bonus Clause in Contracts

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. 5 There shall be a ratification bonus based on the 2 nurse’s FTE as set forth below: 3 • 6 ● 1.0 FTE: $2500 4 • 2,500 7 ● 0.9 FTE: $2500 5 • 2,500 8 ● 0.6 FTE: $1500 6 • 1,500 9 ● CPT: $500 8 10 The nurse must be on the payroll at both the contract expiration date 9 (June 30, 2024) 11 and the contract ratification date to be eligible for the 1 ARTICLE 10 PAID TIME OFF (PTO) & SHORT-TERM DISABILITY (STD)‌the ratification bonus.

Ratification Bonus. 8 There shall be a ratification bonus based on the 2 nurse’s FTE as set forth below: 3 9 • 1.0 FTE: $2500 4 2,500 10 • 0.9 FTE: $2500 5 2,500 11 • 0.6 FTE: $1500 6 1,500 12 • CPT: $500 8 13 The nurse must be on the payroll at both the contract expiration date 9 (June 30, 2024) 14 and the contract ratification date to be eligible for the 1 ARTICLE 10 PAID TIME OFF (PTO) & SHORT-TERM DISABILITY (STD)‌the ratification bonus.

Ratification Bonus. There shall be a The ratification bonus based on shall equal 75% of the 2 Total Bonus Amount and shall paid in the 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 paycheck issued on April 11, 2025. To be eligible to receive the ratification bonus, a nurse must be on employed in the payroll bargaining unit at both the contract expiration date 9 (June 30ratification and maintain their bargaining unit employment through April 11, 2024) and the contract ratification date to be eligible for the 1 ARTICLE 10 PAID TIME OFF (PTO) & SHORT-TERM DISABILITY (STD)‌2025.