Common use of Merit Bonuses Clause in Contracts

Merit Bonuses. In addition to the base salary adjustments provided in this Article, the University may, in its sole discretion, award nonrecurring bonus payments to unit members for extraordinary performance far beyond expectations. If the University determines that merit bonuses will be awarded, the xxxx/director shall recommend to the xxxxxxx those unit members whose exemplary performance may warrant a bonus. The xxxxxxx shall then determine the recipients and amounts of merit bonuses. The University may provide up to one percent (1%) of the total base payroll for merit bonuses each fiscal year. The one percent (1%) of the total base payroll will be calculated as of July 1 of each fiscal year. There shall be no merit bonuses during the term of this agreement after December 31, 2016.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Merit Bonuses. In addition to the any base salary adjustments provided in this Article, the University may, in its sole discretion, award nonrecurring bonus payments to unit UNAC members for extraordinary performance far beyond expectations. If the University determines that merit bonuses will be awarded, the xxxx/director shall recommend to the xxxxxxx those unit UNAC members whose exemplary performance may warrant a bonus. The xxxxxxx shall then determine the recipients and amounts of merit bonuses. Award of merit bonuses is not subject to the dispute resolution process under Article 7. The University may provide up to one percent (1%) of the total base payroll for merit bonuses each fiscal year. The one percent (1%) of the total base payroll will be calculated as of July 1 of each fiscal year. There shall be no merit bonuses during the term of this agreement after December 31, 20162019.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Merit Bonuses. In addition to the any base salary adjustments provided in this Article, the University may, in at its sole discretion, award nonrecurring bonus payments to bargaining unit members for extraordinary performance far beyond expectations. If the University determines that merit bonuses will be awarded, the xxxx/xxxx or director shall recommend to the xxxxxxx those bargaining unit members whose exemplary performance may warrant a bonus. The xxxxxxx shall then determine the recipients and amounts of merit bonuses. Award of merit bonuses is not subject to the dispute resolution process under Article 7. The University may provide up to one percent (1%) of the total base payroll for merit bonuses each fiscal year. The one percent (1%) of the total base payroll will be calculated as of July 1 of each fiscal year. There shall be no merit bonuses during the term of this agreement after December 31, 20162024.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.