PAY AND PERFORMANCE Clause Samples

PAY AND PERFORMANCE. 3.1. Our Approach to Pay and Performance (a) ANZ is committed to implementing performance management systems which recognise and reward outperformance and promote the development of its Employees. Your performance will be assessed annually against performance objectives which will be set by the business you work in. (b) Although ANZ's performance management policies, systems, ratings frameworks, performance objectives or salary review processes themselves do not form part of this Agreement, ANZ will ensure that your performance objectives are non- discriminatory and easily understood. ANZ is also committed to supporting you to meet your performance objectives through ongoing training where appropriate, and regular feedback about your performance. (c) ANZ has the sole discretion to determine and vary your performance objectives. Your manager will discuss your performance objectives with you once they have been set and if they change at any time after that to ensure that you are clear about what is expected of you. Performance objectives will not be arbitrarily changed by ANZ during their effective term. (d) If you remain unclear or have concerns about your performance objectives after your line manager has explained them to you, or you have any other concerns about your pay and performance, under clauses 3.1 to 3.3(f), or request a review of your performance rating, then you must: (i) have a conversation about your concerns with your line manager within 4 weeks; (ii) if your concerns are not resolved, escalate the matter to your 1-up line manager, within 14 days of raising your concerns with your line manager; (iii) if your concerns are still not resolved, escalate the matter to your 2-up line manager (up to a Group 2 Executive level) within 14 days of your discussion with your 1-up line manager. You can have a representative or other person with you at any step in the process as a support person. (e) Nothing in this Section 3 can be taken to prevent ANZ from implementing any other pay, remuneration or incentive arrangements for any Employee over and above the terms of this Agreement. (f) Notwithstanding any other term of this Agreement, Employees who, as at the Payment Dates, are no longer employed by ANZ or are under notice of termination or have given notice of resignation, are ineligible for any benefits under this Section 3. (g) Loadings and penalties under Section 2 will only be calculated by reference to the increased salaries in Schedule 2 and by re...