Executive Director Discretionary Salary Increase Sample Clauses

Executive Director Discretionary Salary Increase. The Executive Director has the discretion to grant up to an additional $50,000 per fiscal year to employees based on various market and/or job performance factors which may include: o desire to retain an employee, o need to pay an employee appropriately when the market rate dictates, o desire to reward an employee for outstanding job performance and service to the Agency, o need to adjust an employee’s pay to bring the employee in line with other employees’ pay. At the discretion of the Executive Director, this pay may be awarded as a lump sum which is not added to the employee’s base salary, it may be added to the employee’s base salary in addition to the general increase and step increase granted to all AFSCME employees, or additional days off may be added to the employee’s accrued leave time. (The dollar value of the days off awarded will be considered part of the $50,000 total.) If the discretionary salary increase is added to the employee’s base salary, the salary must remain within the established pay range for the employee’s job classification. This discretionary salary increase is not grievable. The Executive Director will report annually to the Board all such discretionary salary increases granted.
AutoNDA by SimpleDocs

Related to Executive Director Discretionary Salary Increase

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!