Common use of REWARD Clause in Contracts

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for acknowledging outstanding performance or correcting unacceptable performance; 11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarter; 11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following scheme: Performance Rating Bonus Calculation 0% - 64% Poor Performance 0% of total package 65% - 69% Average Performance 5% of total package 70% - 74% Fair Performance 9% of total package 75% - 79% Good Performance 11% of total package 80% - 100% Excellent Performance 14% of total package 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period during which he/she was employed and he/she will be entitled to a pro-rata performance bonus based on his/her evaluated performance for the period of actual service; and 11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.

Appears in 44 contracts

Samples: Performance Agreement, Performance Agreement, Performance Agreement

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REWARD. 11.1 12.1 The evaluation of the Employee’s performance will form the basis for acknowledging rewarding outstanding performance or correcting unacceptable performance; 11.2 12.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarterquarter and as informed by the quarterly performance assessments; 11.3 12.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following scheme: Performance Rating Bonus Calculation 0% - 64% Poor Performance performance 0% of total Total package 65% - 69% Average Performance 5% of total package Total Package 70% - 74% Fair Performance 98% of total package Total Package 75% - 79% Good Performance 11% of total package Total Package 80% - 100% Excellent Performance 14% of total packageTotal Package 11.4 12.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period portion during which he/she he was employed and he/she he will be entitled to a pro-rata performance bonus based on his/her his evaluated performance for the period of actual service; and 11.5 12.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.

Appears in 10 contracts

Samples: Performance Agreement, Performance Agreement, Performance Agreement

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for acknowledging rewarding outstanding performance or correcting unacceptable performance; 11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarterquarter and as informed by the quarterly performance assessments; 11.3 The A performance bonus will of between 5% to 14% of the all- inclusive annual remuneration package may be awarded pro-rata according paid to the period Employee in recognition of this agreement based on the following schemeoutstanding performance to be constituted as follows: Performance Rating Bonus Calculation 0% - 64% Poor Performance 0% of total package 65% - 69% Average Performance 5% of total package 70% - 74% Fair Performance 9% of total package 75% - 79% Good Performance 11% of total package 80% - 100% Excellent Performance 14% of total package 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period portion during which he/she he was employed and he/she he will be entitled to a pro-rata performance bonus based on his/her his evaluated performance for the period of actual service; and 11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.

Appears in 9 contracts

Samples: Performance Agreement, Performance Agreement, Performance Agreement

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for acknowledging rewarding outstanding performance or correcting unacceptable performance; 11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarterquarter and as informed by the quarterly performance assessments; 11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following scheme: Performance Rating Bonus Calculation 0% - 64% Poor Performance 0% of total package 65% - 69% Average Performance 5% of total package 70% - 74% Fair Performance 9% of total package 75% - 79% Good Performance 11% of total package 80% - 100% Excellent Performance 14% of total package 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period portion during which he/she he was employed and he/she he will be entitled to a pro-rata performance bonus based on his/her his evaluated performance for the period of actual service; and 11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.

Appears in 1 contract

Samples: Performance Agreement

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REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for acknowledging outstanding performance or correcting unacceptable performance; 11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarter; 11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following scheme: Performance Rating Bonus Calculation 0% - 64% Poor Performance 0% of total package 65% - 69% Average Performance 5% of total package 70% - 74% Fair Performance 9% of total package 75% - 79% Good Performance 11% of total package 80% - 100% Excellent Performance 14% of total package 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period during which he/she was employed and he/she will be entitled to a pro-rata performance bonus based on his/her evaluated performance for the period of actual service; and 11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.

Appears in 1 contract

Samples: Performance Agreement

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