Productivity Bonus Sample Clauses
A Productivity Bonus clause establishes a financial incentive for achieving or surpassing specified productivity targets within a project or employment context. Typically, this clause outlines the criteria for measuring productivity, such as output levels, efficiency metrics, or project milestones, and details the calculation and timing of bonus payments. By directly linking additional compensation to performance, the clause motivates higher productivity and helps align the interests of the parties involved, ultimately encouraging timely and efficient completion of work.
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Productivity Bonus. The Sheriff will have the ability, with the approval of the County Administrator, to provide for a productivity bonus for outstanding job performance.
Productivity Bonus. A Welland Works Productivity Bonus shall be paid to an individual employee for each hour worked, but not for hours paid. The Bonus will be effective on the effective date of this Agreement and shall be for pay levels and and for pay levels through for the agreement period.
Productivity Bonus. The Company will provide an annual Productivity Bonus in the amount of five hundred dollars ($500.00) for each non- probationary employee covered by this Agreement. Payment will be made by separate check in the first pay period in December. 59 * Pay Grade 6 will be hired in at the wage rate identified in the chart based on the year of the contract. Pay Grade Classifications will be as follows: Pay Grade 1 – Production Service (molding/metallization and assembly) Pay Grade 2 - Material Handler, Inspector Pay Grade 3 - Cleaner, Crib Attendant, MFG Tech, Quality Tech Pay Grade 4 - Resin Handler, Automation Tech. Pay Grade 5 – Process Tech (PMEA), Mold Setter Pay Grade 6 - Electrician (ET-1), Tool Room (TR-1), Industrial Truck Repair (G-1), Machine Repair (MR-1)
Productivity Bonus. A ‘Bonus’ of $25.00 gross shall be paid to each workshop employee covered by the rates in Clause 8 who performs a minimum of 48 hours productive work per week Monday to Friday when overtime is available.
Productivity Bonus. On the pay day following the end of the sick leave year (ie 1st October - 30th September), employees will be entitled to an amount for productivity based on 50% of the amount of unused sick leave for the current year they would have been entitled to under the sick leave entitlements, but excluding any amount which may be available under Sections (ii)(b) and (ii)(d). Unused sick leave is deemed to be the amount of sick leave remaining after effecting Clause ii(b) and ii(d) and sick leave paid as a result of illness or injury. If greater than 8 days of sick leave in total (including part days) are taken in any one sick leave year no bonus will be payable. If an employee is absent from work and is not granted any other form of approved leave, such absence shall be paid as sick leave without pay and treated as an UNAUTHORISED ABSENCE. Periods of UNAUTHORISED ABSENCE greater than one day or two separate occasions shall result in no productivity bonus being paid to the employee in the sick leave year. Employees may also be subject to disciplinary action for unauthorised absences. Accumulation of sick leave shall not be affected by this Clause.
Productivity Bonus. (a) Key Performance Indicators (KPI) will cease to be paid from the start of this agreement as spelled out in clause 6(iii) Attendance Allowance (above).
(b) In addition to the above, production bonus payments will continue to be available.
(c) All full time and part time employees are eligible to participate in the bonus, providing they have been employed for the full bonus period.
(d) The fitters at plant two agree to participate in the negotiation of a new meaningful personal productivity bonus which will replace the existing ‘flat bonus system’.
Productivity Bonus. A productivity bonus of $25 per week for tradesman and $15 per week for apprentices will be paid weekly on the proviso that the following requirements are met: • Timecards are to be handed in daily to the Brisbane Office, for the previous day, prior to 8:30am. For offsite employees, timecards are to be handed in (or faxed from remote sites) on Monday (for work on the previous Thurs to Sun and on Thursday (for work on Mon to Wed). • Timecards must be provided for Public Holidays, RDO’s and Sick Leave. • Corresponding service sheets to timecards, fully completed, must be handed in daily or with timecards. • Vehicles must be kept in an excellent state of appearance, and serviced as per the manufacturers’ and/or lease agreement conditions. • Uniforms must be worn as provided and be of good appearance. • Start and finish times are to be adhered to. If an employee is called out to perform work between the hours of 6pm to 6am Monday to Friday, and between 6pm Friday and 6am Monday, they will receive a minimum of 4 hours pay at double time. This clause also applies to all hours on a Public Holiday. This provision does not apply if the work has been pre-arranged, where the payment will be for 3 hours at double time. For a service mechanic working between 10pm and 7am on a night preceding a Saturday, Sunday and public holiday, you will be paid a bonus of $20 per hour worked. Service personnel will be required to be on a standby roster, which will rotate weekly, or as required by the needs of the business. For the mechanic on first call, an allowance of $25 per day/night Monday to Friday and $60 per day/night on Saturday and Sunday will be paid. If the work load requires a mechanic nominated as second call, this mechanic will receive 50% of the payment as outlined in this Clause. Normal call out provisions apply if you are called out. This payment is in lieu of the meal allowance. An additional standby payment of $50 per day will be payable for being first call for each public holiday, and $25 for being the second call mechanic.
Productivity Bonus. Effective January 1, 2025, any Assistant Chief or Chief Lifeguard who works more than 400 hours in a calendar year will receive a $250 bonus payable at the same time as longevity payments. Effective January 1, 2025, any Assistant Chief or Chief Lifeguard who works more than 500 hours in a calendar year will receive a $500 bonus payable at the same time as longevity payments. Effective January 1, 2025, any Assistant Chief or Chief Lifeguard who works more than 550 hours in a calendar year will receive a $600 bonus payable at the same time as longevity payments.
Productivity Bonus. 3.3.1 Year 1 The Parties acknowledge the productive levels of endeavour that are characteristic of Librarians and Faculty Members at the University as measured by a wide range of applicable factors. In recognition of productivity, for Year 1 of the Settlement, a one- time, lump sum Productivity Bonus in the amount of $348,627 will be distributed. All Members will receive a distribution on the basis of $48 multiplied by the number of Merit Increments awarded to the Member. Once this allocation has been made from the available amount, 40 % of the balance will be distributed based upon a fixed amount and 60% of the balance will be distributed as a fixed percentage of the Member’s 2003-2004 salary.
3.3.2 Year 2 Subject to government approval of Productivity Bonus funding contingent upon the University’s successful assertion of productivity in Year 2, each Member eligible for a salary increase on July 1, 2005 will receive a one-time, lump sum Productivity Bonus equal to the amount of the Productivity Bonus (if any) received in Year 1 plus an amount computed in the same manner as the distribution in Year 1. The amount that will be available for this distribution (provided the funding is available) will be $672,254.
Productivity Bonus. In addition to the above increments a productivity bonus arrangement is currently in operation for drivers at the ▇▇▇▇▇▇▇ Park site. The productivity bonus delivers to drivers a payment which, at the time this Agreement was entered into, is in the vicinity of 4%. Drivers may however receive a payment of more or less than 4% depending on performance over the bonus period. The payment of this bonus is dependent upon productivity criteria being met. The method of calculation of the measures is maintained by the Transport Manager of Austral Bricks NSW operations.
