Fy14 Aviation Department Head Retention Bonus Contract Instructions s1

Fy14 Aviation Department Head Retention Bonus Contract Instructions s1

<p> FY14/FY15 AVIATION COMMAND RETENTION BONUS CONTRACT 5-Apr-18 From: , USN, To: Commander, Navy Personnel Command (PERS-435)</p><p>Subj: REQUEST FOR FY14/FY15 AVIATION COMMAND RETENTION BONUS (ACRB) </p><p>Ref: (a) FY14/FY15 ACRB Program Information (PERS-4 DGM 4304-1409, Encl 1) (b) Title 37, United States Code, Sections 301b, 303a(e), and 373 (c) DOD Financial Management Regulation, Volume 7A, Chapter 2 (d) OPNAVINST 7220.9 (e) MILPERSMAN 1920 Series</p><p>1. I have read and understand the provisions of references (a), (b) and (c) including all provisions related to termination of payments to be made under this agreement and circumstances under which repayment of sums paid will be required, to which I agree. I understand that if I fail to fulfill the terms of this contract, I will be subject to ACRB repayment in accordance with references (a) through (d). I hereby apply for the special pay authorized by references (a) and (b).</p><p>2. Contingent upon acceptance of my application for this special pay, I agree not to resign, retire or voluntarily terminate my flight status with an effective date prior to the completion of my 22nd year of commissioned service, or two years from the date this contract is approved by PERS-43, whichever is later. I understand that I am not eligible to separate, retire, change my designator, or apply for programs that would lead to a change of designator until I have completed my two- year ACRB service agreement as defined in the previous sentence and in reference (a). I understand that even if my ACRB service obligation expires prior to the end of my post-command tour, that I may not be released from active duty, or from my assignment in my 1310 or 1320 designator, until my projected rotation date (PRD) in accordance with ref (e). </p><p>3. I understand that I will be ineligible for any other ACCP program until the expiration of my ACRB service obligation. I understand that upon contract approval by PERS-43, this application is binding, and that thereupon I will receive $36,000 paid out in two installments of $18,000 as described in reference (a).</p><p>4. I understand that if I am unable to fulfill my two-year service obligation for any reason, I will become ineligible for ACRB, all scheduled future payments will be cancelled, and previous payments received may be subject to repayment in accordance with references (a) through (d). </p><p>5. Any questions concerning my application can be directed to: DSN/commercial number: / Email address: </p><p>PERS-4 DGM 4304-1409 Enclosure 2</p>

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