Performance-Step Salary Increase Sample Clauses

Performance-Step Salary Increase. 15.3.1 Employees will receive salary increases upon becoming eligible. Such eligibility will be determined by the steps specified in Appendix A and Article 15.2.1.1, and the results of management’s recent performance evaluations.
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Performance-Step Salary Increase. Employees will receive salary increases upon becoming eligible. Such eligibility will be determined by steps specified in Attachment A and the results of management's recent performance evaluations. Employees shall remain at each step according to the following: Step 1 - 12 full calendar months Step 2 - 6 full calendar months Step 3 - 6 full calendar months Step 4 - 12 full calendar months Step 5 - 12 full calendar months Step 6 - Remainder of time in range In the event performance evaluation warrants, in management's opinion, the withholding of an increase, such action shall be considered a disciplinary action and the provisions of Article 12 shall control. An employee who has had an increase withheld will be put on special administrative evaluations and the increase may be restored if the next two (2) evaluations warrant restoration.

Related to Performance-Step Salary Increase

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • 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.

  • 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.

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