Common use of REWARD Clause in Contracts

REWARD. The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance; 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; The performance bonus will be awarded based on the following scheme: Performance Rating Performance Bonus Calculation: 00% - 59% 0% of Total package 60% - 66% 5% of Total Package 67% - 68% 6% of Total Package 69% - 70% 7% of Total Package 71% - 72% 8% of Total Package 73% - 74% 9% of Total Package 75% - 76% 10% of Total Package 77% - 78% 11% of Total Package 79% - 80% 12% of Total Package 81% - 84% 13% of Total Package 85% - 100% 14% of Total Package 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 The Employer will submit the results of the annual assessment and the scoring report of the Employee, to Council or the delegated authority 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 year-end performance assessments; assessment 11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following schemefollowing: Performance Rating Performance Bonus Calculation: 00% - 590%-64% 0% of Total package 60% - 66Package 65%-66% 5% of Total Package 67% - 6867%-68% 6% of Total Package 69% - 7069%-70% 7% of Total Package 71% - 7271%-72% 8% of Total Package 73% - 7473%-74% 9% of Total Package 75% - 7675%-76% 10% of Total Package 77% - 7877%-78% 11% of Total Package 79% - 8079%-80% 12% of Total Package 81% - 8481%-82% 13% of Total Package 85% - 10083%-100% 14% of Total Package 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 inception date, the Employee’s performance will be evaluated for the portion period 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 and 11.5 The Employer will submit the results total score of the annual assessment and the scoring report of the Employee, to full Council or the delegated authority for purposes of recommending the bonus allocation.