Performance pay definition

Performance pay means an amount of at-risk pay awarded on the basis of performance and paid as a lump sum.
Sample 1Sample 2Sample 3
Performance pay means payment above the salary range maximum to employees who meet specified performance or production standards.
Sample 1Sample 2Sample 3
Performance pay means an Employee’s performance pay (determined under the 401(k) Plan) from the Company for employment while on a U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). However, Performance Pay does not include any pay during a Deferral Period that is paid after an Employee’s 409A Separation from Service (except amounts paid in the pay period in which the Employee’s 409A Separation from Service occurs and Rehire Pay). Notwithstanding this definition, Performance Pay that is paid in the first quarter of 2008 is subject to the following special rules:
Sample 1Sample 2Sample 3

Examples of Performance pay in a sentence

  • To the extent that the Client Agency has issued a purchase order prior to the notice of Termination and the Contractor has begun Performance against that purchase order in good faith, the Client Agency shall, within forty-five (45) days of having received an invoice from the Contractor for such Performance, pay or reimburse the Contractor for its Performance rendered and accepted by the Client Agency in accordance with Exhibit A.

  • Performance pay components of executives' packages are dependent on the outcome of the evaluation.

  • To the extent that the Agency has issued a purchase order prior to the notice of Termination and the Contractor has begun Performance against that purchase order in good faith, the Agency shall, within forty-five (45) days of having received an invoice from the Contractor for such Performance, pay or reimburse the Contractor for its Performance rendered and accepted by the Agency in accordance with Exhibit A.

  • Performance pay, market or equity adjustment, as well as promotional pay changes must be submitted through the Pay Sheet prior to the effective date of the requested change.

  • Performance pay increases (including a zero increase) under the demonstration project are equivalent increases for the purpose of determining the commencement of a within-grade increase waiting period under 5 CFR 531.405(b).

  • Performance pay bonuses shall be awarded in lump sum payments and do not become part of base pay.

  • Performance pay progression on the Upper Pay Range Headteachers are reminded that the relevant regulations are set out annually in the School Teachers’ Pay and Conditions Document.

  • Performance pay components of executives’ packages are dependent on the outcome of the evaluation.

  • Performance pay bonuses shall be awarded based upon the performance of the employee as described in the performance evaluation and in the same amounts as employees who are within the salary range.

  • Performance pay or bonuses payable – should be separately reported from salaries, in bands of £5,000.


More Definitions of Performance pay

Performance pay means payment that is earned only upon Agency’s demonstration that the Work timely achieves the Performance Targets identified in Exhibit D. Performance Pay is payable according to the compensation table in Exhibit D. In no event shall the total Contract Price exceed $609,522. Additionally, Baseline Pay will not exceed $457,142 regardless of Agency’s costs in performing the Work. Funding for the 2016-2017 school year and beyond will be secured for staffing and budget purposes by March 1 of the preceding year. Pursuant to the Partnership Agreement the City and District will meet twice a year to assess the costs associated with the District’s administrative responsibilities in relation to SPP and negotiate an agreement. The parties agree that administrative costs not associated with the provision of early learning services for SPP are separate and distinct from the services delivery costs of an SPP classroom. The City will reimburse all administrative costs due to the District as negotiated through this biannualagreement and subsequent semiannual review of this agreement.
Sample 1Sample 2
Performance pay means compensation paid by an employer to an employee or office holder in respect of an assessment of his or her performance; (“prime de rendement”)
Sample 1Sample 2
Performance pay means an Employee’s performance pay (determined under the 401(k) Plan) paid by the Company for employment while on a U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). For the Performance Pay Deferral Period beginning in 2021, a Transferred Employee’s Performance Pay means the Employee’s performance pay (determined under the 401(k) Plan) paid by the Company for employment while on a U.S. payroll or on the IBM U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). However, Performance Pay does not include any pay during a Deferral Period that is paid after an Employee’s 409A Separation from Service (except amounts paid in the pay period in which the Employee’s 409A Separation from Service occurs and Rehire Pay).
Sample 1Sample 2
Performance pay means payment that is earned only upon Agency’s demonstration that the Work timely achieves the outcome and indicator targets negotiated after RFI awards have been determined and defined in the contract agreement.
Sample 1
Performance pay shall either be granted or denied in its total amount; partial “Performance Pay” shall not be granted. The Exclusive Representative agrees that the payment of “Performance Pay” shall be totally within the discretion of the Director of Special Services and the granting or denial of “Performance Pay” shall not be subject to a grievance by either the Exclusive Representative or any Special Education Coordinator. The granting of “Performance Pay” shall occur on or after May 1st but before June 30th. “Performance Pay” is in addition to the salary the Special Education Coordinator earns and shall not be included in the following base year salary.
Sample 1
Performance pay means a cash award payable to a participant pursuant to the terms of the Plan.
Sample 1

Related to Performance pay

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Payout means that time at which cash distributions have been made by the Limited Partnership to the Unit Holders (together with their predecessors in interest) pursuant to Section 5.1 of the Limited Partnership Agreement (together with any distributions to such Unit Holders pursuant to Section 3.3 of the Limited Partnership Agreement), in an aggregate amount equal to the Unit Holders' Subscriptions to the Limited Partnership.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Cash Award means an award denominated in cash.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.