Merit Awards definition

Merit Awards means Common Stock Awarded pursuant to Section 11.
View Source
Merit Awards. There shall be a Merit Award Fund of an amount set out in Article This sum shall be distributed to Employees on the basis of merit by the University of New Brunswick. Each award shall be paid as a lump sum and shall not become part of the recipient's salary. At the request of the recipient, an equivalent sum may be paid on a basis as a research grant for personal professional development. The disposition of the awards shall be published in Perspectivesfollowing their approval by the Board of Governors. There shall be no grievances arising from the disposition of the merit awards insofar as the disposition is not in conflict with this CollectiveAgreement. Prior to making their nominations for merit awards, the Deans shall ask for suggestions from the academic departments and the libraries for which they are responsible. Where a person has been granted creditfor previous experienceon initial appointment then initialsalary shall be, except as providedfor in Articles and the floor salary for rank or classification, plus an amount equal to the value of comparable experience at the University of New Brunswick. The University of New Brunswick shall provide the Association with an up-to-date table showing the value of experience for each rank and classification. An Employee's initialsalary the accordingto Article by any amounts designated as a Market Differential Component and/or as a President's DiscretionaryComponent when such an amount or amounts have been determined in accordance with the terms of this Collective Agreement. The offer of appointment letter shall state the amount of experiencecredited, the dollar amount specifically given for the experience subject to the provisions of the dollar amount specificallydesignated as a Market Differential Component (if any) and the dollar amount specifically designated as a President's Discretionary Component (if any). The Association shall be sent a copy of that offer of appointment letter within ten days of acceptance of that offer by the candidate. Salary offers shall be in terms of the salary scales in effect at the time the offer is made. If the appointment begins in a period beyond the stated duration of this Collective Agreement, the offer shall state that the salary is subject to the Economic Adjustment (EA) and, if applicable, any the Ranks adjustment negotiated between the Association and the University of New Brunswick. In such cases, the offer may state a reasonable guaranteed minimum. The adjustment is a...
View Source

Examples of Merit Awards in a sentence

  • The Merit Awards Program of the ▇▇▇▇▇ Joint Unified School District is founded to recognize and reward the meritorious and outstanding achievements of the bargaining unit members in the performance of their assigned responsibilities and for their invaluable contributions and service to the District.

  • Maximum Number of Merit Awards Allowed Per Year – Great Falls College - Up to four (4) base building merits of $2,500 per year City College (▇▇▇▇▇▇▇▇) - Up to four (4) base building merits of $2,500 per year Highlands College (Butte) - Up to two (2) base building merits of $2,500 per year Gallatin College (Bozeman) - Up to two (2) base building merits of $2,500 per year Members can only receive one (1) merit increase within any three (3) year period.

  • On the basis of results of the performance evaluation, merit awards, recognitions, warnings or sanctions would be applied as follows: Merit Awards for a Director who attains a performance ranking of ‘Excellent’ i.e. achieves 95% and above of the stated deliverables.

  • Notification of acceptance to CCU by the Office of Admissions and Merit Awards does not constitute an assignment to or guarantee of a space in UH or acknowledgement of this license agreement.

  • Funding for Merit Awards shall not be taken from the general salary pool.

  • The Head of the Civil Service shall, in this regard, recommend to the Civil Service Council the following: Merit Awards for a Chief Director who attains a performance ranking of ‘Excellent’ i.e. achieves 90% and above of the stated deliverables.

  • The Merit Award Committee is under no obligation to award all Merit Awards that may be available in a given year.

  • On the basis of results of the performance evaluation, merit awards, recognitions, warnings or sanctions would be applied as follows: Merit Awards for a HoD who attains a performance ranking of ‘Excellent’ i.e. achieves 95% and above of the stated deliverables.

  • Merit Award applications shall be evaluated by an interdisciplinary committee drawn from faculty members that have received Merit Awards in previous years.

  • As a result, the applicable review period for Merit Awards will begin on January 1, 2018 and be extended through December 31, 2021.

Related to Merit Awards

  • Stock Awards means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Performance Awards means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be cash- or stock-denominated and may be settled for cash, Shares or other securities or a combination of the foregoing under Section 10.

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • Company Stock Awards means all Company Options and RSUs.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.