Common use of REWARD Clause in Contracts

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for 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 quarter and as informed by the quarterly performance assessments; 11.3 A performance bonus of between 5% to 14% of the all- inclusive annual remuneration package may be paid to the Employee in recognition of outstanding performance to be constituted as follows: Between 130% to 149% Performance bonus range from 5% to 9% From 150% and above Performance bonus range from 10% to 14% 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, the Employee’s performance will be evaluated for the portion during which he was employed and he will be entitled to a pro-rata performance bonus based on 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.

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for 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 quarter and as informed by the quarterly performance assessments; 11.3 A The performance bonus will be awarded based on the following scheme: 0% - 64% Poor Performance 0% of between total package 65% - 69% Average Performance 5% to 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 the all- inclusive annual remuneration package may be paid to the Employee in recognition of outstanding performance to be constituted as follows: Between 130% to 149% Performance bonus range from 5% to 9% From 150% and above Performance bonus range from 10% to 14%total package 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, the Employee’s performance will be evaluated for the portion during which he was employed and he will be entitled to a pro-rata performance bonus based on 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.

REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance; 11.2 The payment of the performance bonus is determined by the overall performance score obtained during the 4th quarter and as informed by the quarterly performance assessments; 11.3 A performance bonus of between 5% to 14% of the all- inclusive annual remuneration package may be paid to the Employee in recognition of outstanding performance to be constituted as follows: Between 130% to 149% Performance bonus range from 5% to 9% From 150% and above Performance bonus range from 10% to 14% 11.4 In the event of the Employee terminating his services during the validity period of this Agreement, the Employee’s performance will be evaluated for the portion during which he was employed and he will be entitled to a pro-rata performance bonus based on 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.