Merit Anniversary Date Sample Clauses
The Merit Anniversary Date clause defines the specific date each year when an employee becomes eligible for a merit-based salary review or increase. Typically, this date is set based on the employee’s original hire date or a standardized company-wide date, and it determines when performance evaluations and potential pay adjustments are considered. By establishing a clear and consistent schedule for merit reviews, this clause ensures fairness and transparency in compensation practices, helping to manage employee expectations and streamline HR processes.
Merit Anniversary Date. Merit anniversary date means the day of the month following completion of the probationary period.
Merit Anniversary Date. When an Employee incurs leave without pay due to military service, the Employee's review date and merit anniversary date is not advanced if it is determined that with reasonable certainty the Employee would have been granted the merit increase had it not been for the military service.