20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant
Massachusetts Executive Incentive Plan
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Multi-State
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US-CC-20-270
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157,811 essential workers received payments up to $1,000 "I, along with many others, am extremely grateful for our essential workers who were on the frontlines during the early days of the pandemic. They kept our grocery stores open, our hospitals operating, and our communities safe," said Comptroller Scanlon.
Premium payments include ?amount[s] of up to $13 per hour that is paid to an eligible worker, in addition to wages or remuneration the eligible worker otherwise receives, for all work performed by the eligible worker during the COVID?19 public health emergency.
Economic Development Incentive Program (EDIP)
The law provided for the Administration to design the program and develop eligibility parameters that will ensure this critical support is provided quickly to deserving workers across the Commonwealth. $500 payments were delivered to nearly 240,000 people in March 2022 in the first round of the program.
Assuming you are entitled Sunday pay (see above), your employer must pay you 1.3 times your regular rate during 2020, 1.2 times your regular rate during 2021, and 1.1 times your regular rate during 2022. The Sunday pay requirement will be phased out entirely on January 1, 2023.
BOSTON ? The Baker-Polito Administration today announced its plan for a second round of $500 payments to low-income workers under the COVID-19 Essential Employee Premium Pay program, which was passed by the Massachusetts Legislature and signed by Governor Baker in December 2021 as part of a $4 billion spending plan for ...