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.
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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.
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Pay for Performance Bonus. 37.2.1 No pay for performance bonuses will be awarded throughout the term of the collective agreement.
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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.
Sample 1
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.
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Pay for Performance Bonus. For employees in AMAPCEO classifications who are at the maximum of their salary range:
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Related to Pay for Performance Bonus

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

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