Individual salary discussion Sample Clauses

Individual salary discussion. The salary discussion is a key part of the salary-setting process at the company and forms part of the salary review. The focus is on creating a process in which the salaried employee’s performance, competence and capabilities are linked to his or her individual salary growth. It provides salaried employees with an opportunity to affect their own salary growth. Every salaried employee, including those on parental leave, shall be given the opportunity annually for such an appraisal with his or her salary-setting manager. The aim of the salary discussion is to provide clarity regarding the new salary the company’s salary policy and criteria for individual salary-setting the salaried employee’s tasks, how these have changed and what results have been achieved goals set for the member based on the goals for the organisation, new goals for the member’s work performance the salary, based on the working situation and individual development and any changes to the tasks and areas of responsibility. If either party so requests, the new salary shall be documented. The result of the salary discussion shall serve as the basis for local negotiations. If central negotiations are not convened, the agreement on a new salary, in line with the salary discussion, shall apply.
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Related to Individual salary discussion

  • 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 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.

  • 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”).

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION PCA Article B.3 does not apply in School District No. 34 (Abbotsford).

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