Pay for Performance Bonus Sample Clauses
Pay for Performance Bonus. For employees in AMAPCEO classifications who are at the maximum of their salary range:
45.2.1 Effective March 31, 2005, for employees who were at the salary maximum on March 31, pay for performance bonuses will be processed on March 31st each year based on performance for the previous fiscal year.
45.2.2 The pay for performance bonus shall be a re-earnable lump sum payment and will not increase the employee’s base salary beyond the maximum of the salary range for any purpose.
45.2.3 The number of employees who receive pay for performance bonuses above a satisfactory performance rating shall not exceed twenty percent (20%) of eligible employees.
45.2.4 The amounts of bonuses available under article 45.2 shall be fixed at three and a half percent (3.5%) for satisfactory performance and six percent (6%) for above satisfactory performance.
45.2.5 There shall be no pay for performance bonus for employees whose performance is rated below satisfactory. The number of employees in this category shall not exceed fifteen percent (15%) of eligible employees.
45.2.6 An employee must have earned the maximum salary for his or her classification for at least twelve (12) months in order to be eligible for a full pay for performance bonus. The performance bonus for an employee who has been earning the maximum salary for less than twelve (12) months will be pro-rated.
Pay for Performance Bonus. Subject to Article 45.2.7 below, for employees in AMAPCEO classifications who are at the maximum of their salary range:
45.2.1 Effective March 31, 2005, for employees who were at the salary maximum on March 31, pay for performance bonuses will be processed on March 31st each year based on performance for the previous fiscal year.
45.2.2 The pay for performance bonus shall be a re-earnable lump sum payment and will not increase the employee’s base salary beyond the maximum of the salary range for any purpose.
45.2.3 The number of employees who receive pay for performance bonuses above a satisfactory performance rating shall not exceed twenty percent (20%) of eligible employees.
45.2.4 The amounts of bonuses available under article 45.2 shall be fixed at three and a half percent (3.5%) for satisfactory performance and six percent (6%) for above satisfactory performance.
45.2.5 There shall be no pay for performance bonus for employees whose performance is rated below satisfactory. The number of employees in this category shall not exceed fifteen percent (15%) of eligible employees.
45.2.6 An employee must have earned the maximum salary for his or her classification for at least twelve (12) months in order to be eligible for a full pay for performance bonus. The performance bonus for an employee who has been earning the maximum salary for less than twelve (12) months will be pro-rated.
45.2.7 Provided that the average increase in the maximum for the salary ranges, on a per-capita basis, arising from Job Evaluation implemented on March 31, 2014 is 3.5% or greater, Pay for Performance shall be eliminated effective April 1, 2014.
Pay for Performance Bonus. For employees in AMAPCEO classifications who are at the maximum of their salary range:
45.2.1 Effective March 31, 2005, for employees who were at the salary maximum on March 31, pay for performance bonuses will be processed on March 31st each year based on performance for the previous fiscal year.
45.2.2 The pay for performance bonus shall be a re-earnable lump sum payment and will not increase the employee’s base salary beyond the maximum of the salary range for any purpose.
Pay for Performance Bonus. For the 2018-19 year and years following, the Board will make a decision on the process and amount of any lump sum payment in lieu of merit pay for non- union employees at max (known as “P4P” at max for AMAPCEO members). This decision will be communicated to AMAPCEO and implemented in the same quantum and fashion for the AMAPCEO bargaining unit.
Pay for Performance Bonus. 37.2.1 No pay for performance bonuses will be awarded throughout the term of the collective agreement.
Pay for Performance Bonus. For employees in AMAPCEO classifications who are at the maximum of their salary range: