MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the Superintendent shall be eligible for an annual merit pay bonus based upon her performance of up to $2000 which shall be paid following the annual evaluation. The Superintendent shall receive the full amount of such bonus if she is rated Highly Effective on her annual evaluation; one half of this amount if she is rated Effective on her annual evaluation and shall not receive any bonus if she is rated Minimally Effective or Ineffective on her annual evaluation.
MERIT COMPENSATION. The Vanlue School Board will pay a dollar value equivalent percentage increase on individual base salary. This merit compensation will be based on the teacher’s final summative rating. This percent payment will be added to the salary at the start of the following school year, upon the teacher’s return and following the official release of the prior year’s final summative rating. This new “amount” will become the teacher’s new base pay. MERIT COMPENSATION Accomplished Skilled Developing Ineffective 2.75% 2.0% 1.5% 0.0%
MERIT COMPENSATION. Consistent with Section 1250 of the Revised School Code, the Superintendent's job performance and job accomplishments will be significant factors in determining any future adjustments to the Superintendent's compensation.
MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the Superintendent shall be eligible for an annual merit pay bonus based upon her performance of up to $500 which shall be paid in July. The Superintendent shall receive the full amount of such bonus if she is rated Highly Effective on her final year-end evaluation; one-half of this amount if she is rated Effective on her final year end evaluation, and shall not receive any bonus if she is rated Minimally Effective or Ineffective on her final year-end evaluation. LONGEVITY: The Superintendent shall receive longevity payments in the amount of $1500 on the first regular pay date in July for 2017, 2018, and 2019 in addition to her annual salary. After three (3) full years of service as Superintendent, longevity payments will be paid in addition to her annual salary according to the schedule below. The longevity payment will be made the first regular pay date in July. Longevity payment after: Year Three Year Seven $2500 $3500 Year Ten $4500 ANNUITY: In remuneration for services, the board shall pay the sum of8 of the Superintendent's base salary to a board approved annuity carrier selected by the Superintendent. The payment is made in full in September. The District is not responsible for related costs and fees. SEVERANCE PAY: After service of three (3) years, the Superintendent shall be eligible for the following severance pay upon retirement from or her death while serving as Superintendent of Mt. Xxxxxx Consolidated Schools.
MERIT COMPENSATION. GOALS Up to Two (2%) percent of his salary as a merit bonus based upon the achievement of a maximum of five (5) goals jointly agreed upon between the Superintendent and Board of Education. Also, the superintendent will continue to work on accomplishing the strategic plan goals as approved by the Board of Education. The goals between the Superintendent and Board of Education will be agreed to by October 1st of each year with the merit bonus to be paid at the conclusion of each contract year.
MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the Superintendent shall be eligible for an annual merit pay stipend based upon performance of up to 1,000 which shall be paid following the annual evaluation. The Superintendent shall receive the full amount of such stipend if rated Highly Effective on the annual evaluation; one half of this amount if rated Effective on the annual evaluation and shall not receive any stipend if rated Minimally Effective or Ineffective on the annual evaluation.
MERIT COMPENSATION. The Board of Education reserves the right to make individual compensation awards that shall be considered merit increase, and the right to make any salary adjustment relevant to merit increase.
MERIT COMPENSATION. The Superintendent shall be eligible for merit compensation based upon the rating in the annual performance evaluation as follows: Five Thousand Dollars ($5,000) will be paid if rated Highly Effective; Two Thousand Five Hundred Dollars ($2,500) will be paid if rated Effective; and no stipend shall be paid if roted Minimally Effective or Ineffective. The payment shall occur in the pay period after the annual evaluation is completed.
MERIT COMPENSATION. Consistent with Section 1250 of the Revised School Code, the Administrator's job performance and job accomplishments will be significant factors in determining any future adjustments to the Administrator's compensation.
MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the Superintendent shall be eligible for an annual merit pay bonus based upon her performance of up to $2,500 which shall be paid following the annual evaluation. The Superintendent shall receive the full amount of such bonus if she is rated Highly Effective on her annual evaluation; $500 if she is rated Effective on her annual evaluation, and shall not receive any bonus if she is rated Minimally Effective or Ineffective on her annual evaluation. Annuity. The District will deposit Two Thousand Dollars ($2,000) annually into a non- elective 403(b) Plan selected by the Superintendent to be deposited with payroll throughout the fiscal year.
