AUTHORITY TO PROVIDE LUMP SUM PAYMENT OF NUCLEAR OFFICER INCENTIVE PAY.

SEC. 618. AUTHORITY TO PROVIDE LUMP SUM PAYMENT OF NUCLEAR OFFICER INCENTIVE PAY.(a) Lump Sum Payment Option.—Subsection (a) of section 312 of title 37, United States Code, is amended in the matter after paragraph (3)—(1) by striking “in equal annual installments” and inserting “in a single lump-sum or in annual installments of equal or different amounts”; and(2) by striking “with the number of installments being equal to the number of years covered by the contract plus one” and inserting “and, if the special pay will be paid in annual installments, the number of installments may not exceed the number of years covered by the agreement plus one”.(b) Stylistic and Conforming Amendments.—Such section is further amended—(1) by redesignating subsections (b) through (e) as subsections (c) through (f), respectively;(2) in subsection (a)—(A) by striking “an officer” in the matter before paragraph (1) and inserting “the Secretary may pay special pay under subsection (b) to an officer”;(B) by striking the comma at the end of paragraph (3) and inserting a period;120 STAT. 2252(C) by striking “may, upon” and all that follows through “The Secretary of the Navy shall” and inserting the following:“(b) Payment Amount; Payment Options.—(1) The total amount paid to an officer under an agreement under subsection (a) or (e)(1) may not exceed $30,000 for each year of the active-service agreement. Amounts paid under the agreement are in addition to all other compensation to which the officer is entitled.“(2) The Secretary shall”;(D) by striking “Upon acceptance of the agreement by the Secretary or his designee” and inserting the following:“(3) Upon acceptance of an agreement under subsection (a) or (e)(1) by the Secretary”; and(E) by striking “The Secretary (or his designee)” and inserting the following:“(4) The Secretary”;(3) in subsection (c), as redesignated by paragraph (1), by striking “subsection (a) or subsection (d)(1)” and inserting “subsection (b) or (e)(1)”; and(4) in the first sentence of subsection (e)(1), as redesignated by paragraph (1)—(A) by striking “such subsection” and inserting “subsection (b)”; and(B) by striking “that subsection” and inserting “this subsection”.(c) Stylistic Amendments.—Such section is further amended—(1) in subsection (a), by inserting “Special Pay Authorized; Eligibility.—” after “(a)”;(2) in subsection (c), as redesignated by subsection (b)(1), by inserting “Repayment.—” after “(c)”;(3) in subsection (d), as redesignated by subsection (b)(1), by inserting “Relation to Service Obligation.—” after “(d)”;(4) in subsection (e), as redesignated by subsection (b)(1), by inserting “New Agreement.—” after “(e)”; and(5) in subsection (f), as redesignated by subsection (b)(1), by inserting “Duration of Authority.—” after “(f)”.