Sec. 602. PRESIDENTIAL RANK AWARD PROGRAM

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## SEC. 602 PRESIDENTIAL RANK AWARD PROGRAM Section 40122(g)(2) is amended— ####

(1)in subparagraph

(G)by striking “and” after the semicolon; ####

(2)in subparagraph

(H)by striking “Board.” and inserting “Board; and”; and ####

(3)by adding at the end the following: > > ##### “(I) > > subsections (b), (c), and

(d)of section 4507 (relating to Meritorious Executive or Distinguished Executive rank awards) and subsections

(b)and

(c)of section 4507a (relating to Meritorious Senior Professional or Distinguished Senior Professional rank awards), except that— > > > ###### “(i) > > for purposes of applying such provisions to the personnel management system— > > > ###### “(I) > > the term ‘agency’ means the Department of Transportation; > > > ###### “(II) > > the term ‘senior executive’ means a Federal Aviation Administration executive; > > > ###### “(III) > > the term ‘career appointee’ means a Federal Aviation Administration career executive; and > > > ###### “(IV) > > the term ‘senior career employee’ means a Federal Aviation Administration career senior professional; > > > ###### “(ii) > > receipt by a career appointee or a senior career employee of the rank of Meritorious Executive or Meritorious Senior Professional entitles the 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 the Federal Aviation Administration Executive Compensation Plan; and > > > ###### “(iii) > > receipt by a career appointee or a senior career employee of the rank of Distinguished Executive or Distinguished Senior Professional 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 the Federal Aviation Administration Executive Compensation Plan.” > .