Qualified GESD employees will
receive two equity payments on Dec. 13 and May 16.
The payments are the result
of last year’s Interest Based Negotiations (IBN) agreement. Under the
agreement:
Employees
hired in:
- 2008-09 or before receive 3% of base as a bonus
- 2009-10 receive 2% of base as bonus
- 2010-11 receive 1% of base as bonus
To
qualify, employees must be continuously employed by GESD, and does NOT
including Board approved annual leave of absence. No additional work is required.
