ADDITIONAL INCENTIVE PAYMENTS Clause Samples
The "Additional Incentive Payments" clause establishes the terms under which extra payments, beyond standard compensation, may be awarded to a party for achieving specific performance targets or milestones. Typically, this clause outlines the criteria for earning such incentives, such as exceeding sales goals, completing work ahead of schedule, or delivering exceptional quality, and details the calculation and timing of these payments. Its core function is to motivate higher performance by providing financial rewards for surpassing agreed-upon benchmarks, thereby aligning the interests of the parties and encouraging optimal results.
ADDITIONAL INCENTIVE PAYMENTS. The Board encourages faculty unit members to maintain professional credentials pertinent to the educational specialty areas whose mastery falls within their job responsibilities. In addition to performance pay measures addressed in § 17.1, a supplement is provided to each faculty unit member who acquires and maintains certification of skills needed to work with children with hearing or vision loss and a base increase is provided in recognition of acquisition of a master’s degree relevant to the unit member’s field of expertise.
1. Each institution will annually allocate $1,000 to each faculty unit member who maintains a current national certification (CED/CCC/ACVREP). This allocation is not a part of the base salary.
a. Faculty unit members who have provided proof of current certification to the superintendent within two (2) weeks of the beginning of a semester or within such additional time as circumstances, in the discretion of the superintendent may warrant, will be paid the certification supplement. Midyear or midterm certification may be recognized by the superintendent on a prorated basis.