Merit Bonus Factors Sample Clauses

Merit Bonus Factors. Recommendations and determinations of merit bonuses by the xxxx/director and xxxxxxx for exemplary performance shall consider pertinent factors regarding faculty effort, such as the following: • formal or informal evaluations conducted by department heads/chairs • quality of teaching • number and quality of scholarly publications • success in securing externally funded grants, contracts or awards • success in completion of grants, contracts or awards • creativity in artistic works • progress in establishing or developing a research program • high level of instructional effectiveness • quality of service to the university community or to the profession • development and commercialization of intellectual property • quality of outreach efforts through distance education • strong and mutually beneficial linkages with business, government, or community partners • other scholarly activity performed at an exemplary level
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Merit Bonus Factors. Recommendations and determinations of merit bonuses by the xxxx/director for exemplary performance shall consider pertinent factors regarding bargaining unit member effort, such as the following: • formal or informal evaluations conducted by department heads/chairs • quality of student evaluations • quality of research and/or grant awards • creativity in artistic works • high level of instructional effectiveness • quality of service to the university community or to the profession • quality of outreach efforts through distance education • strong and mutually beneficial linkages with business, government, or community partners • other instructional activity performed at an exemplary level
Sample 1Sample 2Sample 3See All (5)
Merit Bonus Factors. Recommendations and determinations of merit bonuses by the xxxx or /director and xxxxxxx for exemplary performance shall consider pertinent factors regarding faculty effort, such as the following: formal or informal evaluations conducted by department heads/chairs quality of teaching number and quality of scholarly publications success in securing externally funded grants, contracts or awards success in completion of grants, contracts or awards creativity in artistic works and performances progress in establishing or developing a research program high level of instructional effectiveness quality of service to the university community or to the profession development and commercialization of intellectual property quality of outreach efforts through distance education strong and mutually beneficial linkages with business, government, or community partners other scholarly activity performed at an exemplary level
Sample 1

Related to Merit Bonus Factors

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • 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 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 Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • 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.

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