[Code of Federal Regulations]
[Title 5, Volume 1]
[Revised as of January 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR451.304]

[Page 341]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
                CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT
 
PART 451_AWARDS--Table of Contents
 
                   Subpart C_Presidential Rank Awards
 
Sec. 451.304  Payment of Rank Awards.

    (a) Receipt of the Distinguished rank by an SES career appointee or 
a career senior employee entitles the individual to a lump-sum payment 
of an amount equal to 35 percent of annual basic pay, which shall be in 
addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award 
paid under 5 U.S.C. 5384.
    (b) Receipt of the Meritorious rank by an SES career appointee or a 
career senior employee entitles such individual to a lump-sum payment of 
an amount equal to 20 percent of annual basic pay, which shall be in 
addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award 
paid under 5 U.S.C. 5384.
    (c) Payment of rank awards must comply with the restrictions on 
annual aggregate compensation at 5 U.S.C. 5307.