Common use of Merit Bonus Clause in Contracts

Merit Bonus. An annual merit bonus of up to fifteen percent (14.99%) of the Superintendent’s base salary may be provided to the Superintendent, based upon his achievement of three (3) quantitative merit criteria, worth 3.33% each, and two (2) qualitative merit criteria, worth 2.5% each. Said bonus, if earned, will not be added to his base salary for computation of the following year’s salary.

Merit Bonus. An annual merit bonus of up to fifteen fourteen point ninety-nine percent (14.99%) of the Superintendent’s base salary may be provided to the Superintendent, based upon his her achievement of three (3) quantitative merit criteria, worth 3.33% each, and two (2) qualitative merit criteria, worth 2.5% each. Said bonus, if earned, will not be added to his her base salary for computation of the following year’s salary.

Merit Bonus. An annual merit bonus of up to fifteen fourteen-point ninety-nine percent (14.99%) of the Superintendent’s base salary may be provided to the Superintendent, based upon his her achievement of three (3) quantitative merit criteria, worth 3.33% each, and two (2) qualitative merit criteria, worth 2.5% each. Said bonus, if earned, will not be added to his her base salary for computation of the following year’s salary.

Merit Bonus. An annual merit bonus of up to fifteen nine point sixteen percent (14.999.16%) of the Assistant Superintendent’s base salary may be provided to the Assistant Superintendent, based upon his achievement of three (3) quantitative merit criteria, worth 3.33% each, and two (2) quantitative merit criterion worth three point thirty-three percent (3.33%) each and one (1) qualitative merit criteria, criterion worth two point five percent (2.5% each%). Said bonus, if earned, will not be added to his base salary for computation of the following year’s salary.