Oklahoma Short-Term Incentive Plan

State:
Multi-State
Control #:
US-CC-7-588C
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Short-Term Incentive Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

Oklahoma's successful Quality Jobs incentive program promotes job growth and helps improve your company's bottom line by injecting cash back into your business as you expand and create new jobs in Oklahoma.

Many companies offer leave benefits that allow employees to take time off from work for various reasons. Leave benefits ? whether paid, unpaid or partially paid ? are generally an agreement between the employer and employee, or employees representative (such as a union).

How Much Leave Is Available? Oklahoma employees may take up to 12 weeks of leave in a 12-month period for a serious health condition, bonding with a new child, or qualifying exigencies. This leave renews every 12 months, as long as the employee continues to meet the eligibility requirements set out above.

Enforced leave is granted up to 80 hours per calendar year, is deducted from sick leave balance, and won't be granted in excess of the sick leave balance. Immediate family is defined as spouse, children, parents, brothers, sisters, including step, grand, half, foster, or in-law relationships.

Annual Leave Employees accrue 15 days/year in the first five years; 5-10 years accrue 18 days/year; 10-20 years accrue 20 days/year; and those working for the state for 20+ years accrue 25 days/year.

New state employees begin to accrue annual leave at 15 days per year, increasing incrementally based upon years of service. The maximum for annual leave accrual is 25 days per year.

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Oklahoma Short-Term Incentive Plan