Common use of Incentive Award Programs Clause in Contracts

Incentive Award Programs. Incentive Award Programs shall be implemented as set forth in Paragraphs (a) through (d) below, to recognize and promote employee excellence and productivity that respond to and support the mission of the University of Central Florida. The president shall give the final approval for awards to the successful employees. Regardless of the contract length (9 months through 12 months), award recipients shall receive a $5,000 increase to their base salary retroactive to the start of the employee’s contract for the academic year in which the award was given. For awards allocated to individual colleges, all colleges with fewer than 25 employees shall be grouped into one unit for the purposes of allocating awards and making award decisions.

Incentive Award Programs. Incentive Award Programs shall be implemented as set forth in Paragraphs (a) through (d) below, to recognize and promote employee excellence and productivity that respond to and support the mission of the University of Central Florida. The president shall give the final approval for awards to the successful employees. Regardless of the contract length (9 months through 12 months), award recipients shall receive a $5,000 increase to their base salary retroactive to the start of the employee’s contract for the academic year in which the award was given. For awards allocated to individual colleges, all colleges with fewer than 25 employees shall be grouped into one unit for the purposes of allocating awards and making award decisions.