Annual Remuneration Review Sample Clauses

Annual Remuneration Review. The Secretary will review the salary and, where relevant, business allowance and higher duties allowance, of all eligible employees each year as part of an annual remuneration review. An employee is eligible for an annual remuneration review subject to having been assessed under the PPI as at least ‘satisfactory’ (or equivalent) at the end of the immediately preceding performance cycle appraisal. In addition to the general increases in salary provided for at clause 3.07, the annual remuneration review will consider an individual component for any adjustment to an employee’s salary and/or business allowance and/or higher duties allowance based on the remuneration review factors articulated at subclause (7). An employee’s salary will not be reduced as a result of a remuneration review. Remuneration changes as a result of the annual remuneration review will be effective from 1 August. The Department will pay at least 1% of the AGS salary bill at the end of the preceding financial year for individual increases as part of this process. The Secretary will have regard to the following factors when determining the outcome of a remuneration review: The performance and capability of the employee – including past and projected performance, the mix between fixed and variable pay, the application of skills and qualifications, capabilities, the likelihood of the employee regularly exceeding performance expectations and continuing contribution to AGS; and AGS financial considerations – including affordability of any salary increase, the overall contribution of the employee to the team and the financial performance of the employee, the employee’s team and practice group or function; and Client value considerations – including the value of the employee’s work in the relevant market and the quality of the employee’s internal and external client relationships; and Relevant external employment markets and internal job relativities – including market comparisons taking into account superannuation cost, bonuses and other benefits, remuneration for comparable employees paid in the locality and across AGS for the relevant type of work, and job and salary relativities within AGS. Additional remuneration reviews – APS 3-6 classified employees at the Lawyer designation The Secretary will review remuneration for APS 3-6 classified employees at the Lawyer designation following their mid-cycle performance review under the PPI. The date of effect of any increase under subclause (1) will...
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Annual Remuneration Review. (1) The Secretary will review the salary and, where relevant, business allowance and higher duties allowance, of all eligible employees each year as part of an annual remuneration review.
Annual Remuneration Review. (a) A common Annual Remuneration Review will be conducted by 1 October of each year (or other review date as agreed with FSU). Salary increases which emanate from the review process will be effective from the first full pay period after the agreed review date of each year.
Annual Remuneration Review. (a) Employees in Level 3 and Level 4 will have their performance reviewed annually, in accordance with the performance management framework set out at clause 18 of this Agreement.

Related to Annual Remuneration Review

  • Annual Reviews The Recipient shall:

  • Performance Reviews The Employee will be provided with a written performance appraisal at least once per year and said appraisal will be reviewed at which time all aspects of the assessment can be fully discussed.

  • Annual Review The Board of Directors during the Contract Period shall review annually, or at more frequent intervals which the Board of Directors determines is appropriate, the Executive’s compensation and shall award the Executive additional compensation to reflect the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors.

  • Performance Review Where a performance review of an employee’s performance is carried out, the employee shall be given sufficient opportunity after the interview to read and review the performance review. Provision shall be made on the performance review form for an employee to sign it. The form shall provide for the employee’s signature in two (2) places, one (1) indicating that the employee has read and accepts the performance review, and the other indicating that the employee disagrees with the performance review. The employee shall sign in only one (1) of the places provided. No employee may initiate a grievance regarding the contents of a performance review unless the signature indicates disagreement. An employee shall, upon request, receive a copy of this performance review at the time of signing. An employee’s performance review shall not be changed after an employee has signed it, without the knowledge of the employee, and any such changes shall be subject to the grievance procedure of this Agreement. The employee may respond, in writing, to the performance review. Such response will be attached to the performance review.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Attendance Bonus Employees are eligible for an attendance bonus when every shift is satisfactorily worked throughout the monthly schedule period and no changes are requested in the schedule by the employee except for trading shifts as provided for in Article 13.4.4 or utilizing unpaid union leave. To qualify, a minimum of 130 compensated hours must have been worked during the qualifying period. The bonus will be an additional twenty-five ($0.25) per hour on only the hours worked in the qualifying period.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Annual 1. The sick leave year for conversion purposes begins on the day immediately following the last payroll period in November and extends through the last payroll period in November of the following year.

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