Common use of Performance Achievement Clause in Contracts

Performance Achievement. 45.1 The PWC performance achievement system is designed to: (a) encourage high work performance aligned with strategic objectives; and (b) ensure individuals within the organisation are all working in a manner consistent with PWC’s values and behaviours. 45.2 Employees will be eligible for an annual bonus or pay point progression as outlined in clause 45.14, based on performance over the previous 12 months up until 30 June of each year. 45.3 Employees who qualify for a pay progression or an annual bonus, under clause 45.14 will receive the pay progression effective from the first pay period commencing on or after 1 August of the year of assessment. 45.4 Salary adjustments and bonus payments should be made as soon as practicable after the assessment has been completed. 45.5 For the avoidance of doubt, the first eligible payments under the PWC performance system, as set out in clause 45.14, will be payable as soon as practicable from the first pay period commencing on or after 1 August of the year of assessment. 45.6 To be eligible for pay progression/bonus under this clause an employee must be assessed on the following elements of the performance achievement system (MyPlan): (a) what corporate and individual objectives have been delivered (which could include team objectives); and (b) how those objectives were delivered (demonstration of corporate values and behaviours).

Performance Achievement. 45.1 46.1 The PWC performance achievement system is designed to: (a) encourage high work performance aligned with strategic objectives; and (b) ensure individuals within the organisation are all working in a manner consistent with PWC’s values and behaviours. 45.2 46.2 Employees will be eligible for an annual bonus or pay point progression as outlined in clause 45.1446.13, based on performance over the previous 12 months up until 30 June of each year. 45.3 46.3 Employees who qualify for a pay progression or an annual bonus, under clause 45.14 46.13 will receive the pay progression effective from the first pay period commencing on or after 1 August of the year of assessment. 45.4 46.4 Salary adjustments and bonus payments should be made as soon as practicable after the assessment has been completed. 45.5 46.5 For the avoidance of doubt, the first eligible payments under the PWC performance system, as set out in clause 45.1446.13, will be payable as soon as practicable from the first pay period commencing on or after 1 August of the year of assessment. 45.6 46.6 To be eligible for pay progression/bonus under this clause an employee must be assessed on the following elements of the performance achievement system (MyPlan): (a) what corporate and individual objectives have been delivered (which could include team objectives); and (b) how those objectives were delivered (demonstration of corporate values and behaviours).