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.
AutoNDA by SimpleDocs

Related to Individual salary discussion

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • 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.

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