Common use of Merit Pay Raise Clause in Contracts

Merit Pay Raise. The Board of Regents authorizes the Chancellor, in his sole discretion, to award Employee a one-time merit pay raise up to three percent (3%) of the base salary set forth in Article 5.1.a.

Merit Pay Raise. The Board of Regents authorizes the Chancellor, in his sole discretion, to award the Employee a one-time merit pay raise based on performance, and contingent upon the availability of funds, during the term of the Agreement, up to three percent (3%) of the base salary set forth in Article 5.1.a.

Merit Pay Raise. The Board of Regents authorizes the Chancellor, in his sole discretiondiscretion and in the course of the Employee’s annual evaluation, to award the Employee a one-time merit pay raise during the Term of the Agreement based on the Employee’s performance, and contingent upon the availability of funding, up to three percent (3%) of the base salary set forth in Article 5.1.a.