Effect of a Summary Rating Sample Clauses

Effect of a Summary Rating a. An employee who receives a rating of record of Outstanding must receive a performance award and/or Quality Step Increase (QSI) unless the employee was promoted within the appraisal year. b. An employee who receives a rating of record of Highly Effective should normally receive a performance award. c. An employee who receives a rating of record of Fully Successful should be considered for and may receive a performance award. d. Where it is not possible to provide an employee a rating of record prior to making the awards, the employee shall receive an award (if appropriate) at the time the employee receives the rating of record. e. Employees within a PDU at the same grade level who receive equivalent ratings of record can expect to receive similar awards unless an employee was promoted within the appraisal year or unless distinctions can be made in their performance based upon the number or percentage of critical elements rated "exceeds," interim summary ratings taken into consideration in the rating of record, or the length of time of the appraisal period.
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Related to Effect of a Summary Rating

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

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