Common use of MERIT COMPENSATION Clause in Contracts

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.

Appears in 2 contracts

Samples: Community Schools Superintendent/Principal Contract, Community Schools Superintendent/Principal Contract

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MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the The Superintendent shall be eligible for provided 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 1000 if she is rated Highly Effective on her the annual evaluation; one half of this amount , $500 if she is rated Effective on her the annual evaluation evaluation, and shall not receive any bonus if she is rated Minimally Effective or Ineffective on her the annual evaluation. It shall be paid in the pay period following the annual evaluation.

Appears in 1 contract

Samples: School District Contract

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 1,000 which shall be paid following after the annual evaluationevaluation rating is completed. The Superintendent shall receive the full amount of such bonus if she is rated Highly Effective on her annual final year-end evaluation; one half of this amount if she is rated Effective on her annual evaluation final year end evaluation, and shall not receive any bonus if she is rated Minimally Effective or Ineffective on her annual final year-end evaluation.

Appears in 1 contract

Samples: www.mackinac.org

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 evaluationof1% ofbase salary. 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 ifhe is rated Minimally Effective or Ineffective on her annual his evaluation.

Appears in 1 contract

Samples: School District Superintendent Employment Contract

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MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the The Superintendent shall be eligible for receive an annual merit pay compensation bonus based upon her performance of up to $2000 which shall be paid following the 0.75% of her annual evaluation. The Superintendent shall receive the full amount of such bonus salary if she is rated Highly Effective on her annual evaluation; one half . The Superintendent shall receive 0.5% of this amount her annual salary if she is rated Effective on her annual evaluation and evaluation. The Superintendent shall not receive any bonus if she is rated Minimally Effective or Ineffective on her annual evaluation. Merit compensation shall be made no later than the last payroll in June.

Appears in 1 contract

Samples: www.mackinac.org

MERIT COMPENSATION. Consistent with the requirements of applicable legislation, the Superintendent shall be eligible for an annual merit pay bonus based upon her his performance of up to $2000 500 which shall be paid following the annual year-end evaluation. The Superintendent shall receive the full amount of such bonus if she he is rated Highly Effective on her annual his final year-end evaluation; one half of this amount if she he is rated Effective on her annual evaluation his final year end evaluation, and shall not receive any bonus if she he is rated Minimally Effective or Ineffective on her annual his final year- end evaluation.

Appears in 1 contract

Samples: Ubly Community School District Superintendent Contract

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