37 U.S.C. § 301d : US Code - Section 301D: Multiyear retention bonus: medical officers of the armed forces

Search 37 U.S.C. § 301d : US Code - Section 301D: Multiyear retention bonus: medical officers of the armed forces

(a) Bonus Authorized. - (1) A medical officer described in
subsection (b) who executes a written agreement to remain on active
duty for two, three, or four years after completion of any other
active-duty service commitment may, upon acceptance of the written
agreement by the Secretary of the military department concerned, be
paid a retention bonus as provided in this section.
(2) The amount of a retention bonus under paragraph (1) may not
exceed $50,000 for each year covered by a four-year agreement. The
maximum yearly retention bonus for two-year and three-year
agreements shall be reduced to reflect the shorter service
commitment.
(b) Eligible Officers. - This section applies to an officer of
the armed forces who -
(1) is an officer of the Medical Corps of the Army or the Navy
or an officer of the Air Force designated as a medical officer;
(2) is in a pay grade below pay grade O-7;
(3) has at least eight years of creditable service (computed as
described in section 302(g) of this title) or has completed any
active-duty service commitment incurred for medical education and
training; and
(4) has completed initial residency training (or will complete
such training before September 30 of the fiscal year in which the
officer enters into an agreement under subsection (a)).
(c) Repayment. - An officer who does not complete the period of
active duty specified in the agreement entered into under
subsection (a) shall be subject to the repayment provisions of
section 303a(e) of this title.