Performance Notes Sample Clauses
The Performance Notes clause outlines specific observations, comments, or requirements related to the execution of contractual obligations. It typically provides additional guidance, clarifications, or expectations regarding how certain tasks should be performed or standards that must be met during the contract term. For example, it may highlight particular quality benchmarks, address anticipated challenges, or document agreed-upon methods for measuring performance. This clause serves to ensure both parties have a shared understanding of performance criteria, reducing the risk of disputes and promoting accountability.
Performance Notes. Supervisors are encouraged to log verbal counselings, positive recognition, and performance discussions and issues throughout the rating period to ensure that all performance issues - for both good performance and poor performance are considered when the evaluation is completed. Such notes are not intended to be an exhaustive list of all employee activities, but rather a reference for the supervisor to use in completing performance evaluations and to aid in avoiding some of the more common rater errors that may otherwise occur in completing performance evaluations.
Performance Notes. (a) The Performance Notes have a three year term commencing January 1, 1998 and ending December 31, 2000 (the "Performance Period"). The value of the Notes as of January 1, 1998 is $36.00. Promptly after 1998, 1999 and 2000, the Committee will value the Performance Notes as of December 31 of the preceding year using the performance measures and payment formula approved by the Committee. The Committee has the discretion to reduce the resulting valuations and, on the basis of the Company's performance in 1998, to cancel some or all of the Performance Notes.