Merit Pay Premium. 1. Regular full-time employee who are paid at Step “c” or “d” under the terms of this Program shall receive premium pay in the amount of one and one half percent (1.5%) of their annual base salary upon receipt of an annual performance evaluation of “Outstanding”. This premium pay will not be an adjustment of base salary and will be made in twelve (12) equal monthly installments.
Appears in 5 contracts
Samples: ibew1245.com, ibew1245.com, www.portofoakland.com