Performance Salary Adjustments Sample Clauses

Performance Salary Adjustments. 17.1.3.1 Effective January 1, 1999, or the effective date of this agreement, whichever is later, the existing five percent (5%) Merit Salary Adjustment program shall be discontinued and replaced by Performance Salary Adjustments, except the current practice shall continue for seasonal employees. 17.1.3.2 Effective January 1, 1999, or the effective date of this agreement, whichever is later, on each salary anniversary date, employees who have not reached the maximum of the salary range shall receive a performance salary adjustment of five percent (5%) (not to exceed the range maximum) when the appointing power certifies that the employee is performing successfully based upon their performance appraisal in part 17.1.
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Performance Salary Adjustments. 6.13.1 Advancement within a salary range shall not be automatic but shall be based upon job performance and the increased service value of an employee. Salary adjustments shall be granted upon approval of the department head and/or Director of Human Resources. 6.13.2 Employees shall be eligible to move up one step on the salary schedule shown in Appendix B upon completion of one calendar year of employment effective on the first of the month following the completion of the year of service. Subsequent movement shall occur after completion of each additional calendar year until the maximum step in the salary range for the employee's classification is reached. 6.13.3 If a performance increase is not recommended, the applicable employee's supervisor will reevaluate that employee during the 180 calendar day period after the denial of the step increase. If, after 180 calendar days, a performance increase is recommended, the increase would take effect the first day of the month after such recommendation reaches the Office of Human Resources. A performance increase under the above circumstances is not retroactive. The action does not, however, change the employee's eligibility date for future performance increase consideration. 6.13.4 The granting of an official leave of absence without pay, other than ordered military leave, of one month or longer shall cause the employee's performance salary review date to be extended by the total number of calendar days he/she was on leave.
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Performance Salary Adjustments. Advancement within a salary range shall be based upon job performance. Salary adjustments shall be granted upon satisfactory evaluation. Employees shall be evaluated for performance salary increases in accordance with the following: 10.12.1 New and promoted employees are eligible for a performance review for advancement to the next step in the salary range after completion of a probationary period. Thereafter all employees shall be evaluated on their anniversary date and the salary adjustment shall become effective the first of the month following their anniversary date. 10.12.1.1 A step increase for a promoted employee will become effective the first of the month following their anniversary date, after successfully completing the probationary period. 10.12.2 If no evaluation is received by the anniversary date, the salary adjustment due shall become effective the first of the month following their anniversary date. 10.12.3 The advancement from one step to the next step within a salary range shall be based upon a satisfactory job performance rating. If an employee receives an unsatisfactory job performance evaluation (Below Performance Standard) the supervisor will call for a reevaluation at the end of 90 days. 10.12.4 The granting of an official leave of absence without pay, other than an ordered military leave, shall cause the employee's performance review date to be extended the number of calendar days he/she was on leave.
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Related to Performance Salary Adjustments

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS Appointments to positions in the City and County service shall be at the entrance rate established for the position except as otherwise provided herein.

  • 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.

  • 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.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • 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.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • 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.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

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