37 U.S.C. § 326 : US Code - Section 326: Incentive bonus: conversion to military occupational specialty to ease personnel shortage

Search 37 U.S.C. § 326 : US Code - Section 326: Incentive bonus: conversion to military occupational specialty to ease personnel shortage

(a) Incentive Bonus Authorized. - The Secretary concerned may pay
a bonus under this section to an eligible member of a regular or
reserve component of the armed forces who executes a written
agreement to convert to, and serve for a period of not less than
three years in, a military occupational specialty for which there
is a shortage of trained and qualified personnel.
(b) Eligible Members. - A member is eligible to enter into an
agreement under subsection (a) if, at the time the agreement is
executed, the member is serving in -
(1) pay grade E-6, with not more than 10 years of service
computed under section 205 of this title; or
(2) pay grade E-5 or below, regardless of years of service.
(c) Amount and Payment of Bonus. - (1) A bonus under this section
may not exceed $4,000, in the case of a member of a regular
component of the armed forces, and $2,000, in the case of a member
of a reserve component of the armed forces.
(2) A bonus payable under this section shall be disbursed in one
lump sum when the member's conversion to the military occupational
specialty is approved by the chief personnel officer of the regular
or reserve component of the member's armed force.
(d) Relationship to Other Pay and Allowances. - A bonus paid to a
member under this section is in addition to any other pay and
allowances to which the member is entitled.
(e) Repayment. - A member who does not convert to and complete
the period of service in the military occupational specialty
specified in the agreement executed under subsection (a) shall be
subject to the repayment provisions of section 303a(e) of this
title.
(f) Regulations. - The Secretaries concerned shall prescribe
regulations to carry out this section. Regulations prescribed by
the Secretary of a military department shall be subject to the
approval of the Secretary of Defense.
(g) Termination of Authority. - No agreement under this section
may be entered into after December 31, 2006.