Individual performance bonuses Sample Clauses

Individual performance bonuses. General For more information about individual performance bonuses, employees should consult the AGS Employment Handbook. Net production bonus Employees designated as a Lawyer or Paralegal with a fee earning target are eligible to earn a net production bonus. An eligible employee will receive a net production bonus equivalent to 20% of the employee’s net production above their net production target. The bonus will only be paid where the employee’s overall performance is assessed as at least satisfactory (or equivalent) under the PPI. Calculation of the bonus will take into account the guidelines on the calculation of net production and net production targets in the AGS Employment Handbook and the National Finance Standards. Where an eligible employee is directed by the Australian Government Solicitor to undertake other roles and responsibilities, the Australian Government Solicitor will consider whether any level of fee relief is warranted. For more information, employees should consult the policy on fee relief. If the Secretary considers the net production bonus is not appropriate, or is insufficient, for an employee’s role and responsibilities, the Secretary may decide that the employee can be considered for a percentage of salary bonus, either instead of or in addition to the net production bonus. Percentage of salary bonus Employees at the following designations or performing the following roles will be eligible for consideration for a percentage of salary bonus: Outpost employee; Graduate APS employee; and any other role determined by the Secretary. The bonus will only be paid where the employee’s overall performance has been assessed at a rating above satisfactory (or equivalent) under the PPI at the end of the performance cycle for the relevant year. The maximum bonus that may be awarded is up to the equivalent of 10% of the amount of salary earned for the relevant financial year, including any higher duties allowance. When setting performance agreements, the employee and their appraiser may weight performance tasks according to their level of importance and express them as a percentage of the total potential bonus. The appraiser will decide the percentage of bonus to be paid having regard to the employee’s performance. For outpost employees, performance tasks will be assessed against the broad categories of: client relationships, technical skills and corporate contribution. In special circumstances, due to the nature of the role and responsibilities...
Sample 1Sample 2
AutoNDA by SimpleDocs
Individual performance bonuses. In addition to the guaranteed increases set forth in paragraph 5 above, INDG will award non-probationary employees performance-based bonuses annually in February 2023, 2024 and 2025 from an annual bonus pool totaling a minimum of three percent (3%) of the eligible (full or prorated) base salaries of unit employees on the payroll as of December 31 of the prior year; this December 31 date refers solely to the date for taking a snapshot of eligible (full-time or prorated) base salaries of unit employees for purposes of determining the total bonus pool. Individual performance bonuses will be paid in individual lump sum payments, less required deductions. The minimum bonuses to be paid in February 2023, 2024 and 2025 based on performance are set forth below, and will be prorated in the first year of employment for new unit employees who have successfully completed their probationary periods. These performance bonuses will only be paid to non- probationary unit employees who are actively working on the payroll, or on an approved leave (other than long-term disability), on the February bonus payment date and will be paid to unit employees only if they have received a performance review and a performance rating of 1, 2, 3, or 4 during the evaluation period immediately preceding the bonus payment date (covering the January to December 31 evaluation period): Rating/Band Minimum Bonus 1 3% 2 2% 3 1% 4 $500 5 0 INDG’s decisions to award, or not award, performance bonuses to individual employees in excess of these minimums, in whatever amounts, shall not be subject to the grievance and arbitration provision of this Agreement.
Sample 1
Individual performance bonuses. General For more information about individual performance bonuses, employees should consult the AGS Employment Handbook. Net production bonus
Sample 1

Related to Individual performance bonuses

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • 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.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6.

  • Key Performance Indicators 10.1 The Supplier shall at all times during the Framework Period comply with the Key Performance Indicators and achieve the KPI Targets set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators).

Time is Money Join Law Insider Premium to draft better contracts faster.