Merit Pay definition

Merit Pay wherever used in this Agreement shall mean that part of the regular salary paid to an employee which is above the job rate for his or her classification as set out in the Salary Schedule.
Merit Pay means an increase in compensation granted on the basis of job performance, as determined during the annual performance review process.
Merit Pay. Teachers will receive Merit Pay based on evaluation scores. Highly Effective will receive a $300 lump sum stipend and Effective will receive a $150 lump sum stipend.

Examples of Merit Pay in a sentence

  • Where an employee undertakes temporary additional responsibilities or performs exceptionally, a payment can be made by SLT in accordance with the Councils’ Merit Pay and Honorarium Policy.

  • Wages for employees covered by this Agreement (hereinafter Class M Employees) shall be in accordance with the Merit Pay Plan as set forth in Appendix "B" which identifies steps “A” through “J”.

  • The total Merit Pay Pool available to a supervisor for distribution shall be equal to 2.5% of the basic eligible payroll corresponding to the BMA positions in his/her organizational unit net of any prior payments.

  • All employees in the BMA classification shall be eligible for Merit Pay.

  • This acknowledges that an employee was precluded from having goals and objectives set for the BCEA Merit Pay of up to five percent (5%) that all BCEA employees are eligible for.

  • Advancement by an employee through the merit pay steps in the Merit Pay Plan shall be on the basis of performance as determined by the employee’s Department Head.

  • At retirement, or upon leaving the City, a BMA employee shall be eligible to receive prorated Merit Pay based on length of active service during the fiscal year in which the employee leaves.

  • If the Merit Pay is not included in a regular check with normal withholding rates, the employee has the right to set the withholding rate for the check.

  • Merit Pay shall be included in the paycheck that includes the date of June 10th and shall be made in accordance with the Merit distribution process described herein subject to the tax withholding rate set by IRS Regulations.

  • Except as pro-vided in regulations for the GAO Sen- ior Executive Service and the Merit Pay System, the pay of GAO employees shall be adjusted at the same time and to the same extent as rates of basic pay are adjusted for the General Schedule.[45 FR 68377, Oct.


More Definitions of Merit Pay

Merit Pay. The administrator shall receive an annual merit pay stipend based on a percentage of the annual salary according to the following percentages: 2014-2015 (2%), 2015-2016 (3%), and 2016-2017 (3%). In order to qualify, the administrator must be rated as effective or highly effective on the annual evaluation.
Merit Pay wherever used in this Agreement shall mean that part of the regular salary paid to an employee which is above the job rate for his or her classification as set out in the Salary Schedule. FULL-TIME SALARY SCHEDULE ARTICLE 24 - MISCELLANEOUS 24.01 There shall be no discrimination by the Employer, the Union or any employee against an employee contrary to the provisions of the Ontario Human Rights Code. The Employer and the Union recognize the right of employees to work in an environment free from sexual harassment, and agree that sexual harassment of employees will not be tolerated. The parties agree that complaints of harassment shall be investigated and resolved in accordance with the “Harassment Policy” . 24.02 There shall be no discipline, suspension or discharge except for just cause. 24.03 An employee may, upon request, have a xxxxxxx present at a meeting with the Employer where the employee is being given a written notice of warning, or being suspended, discharged, or demoted for disciplinary reasons. The Employer shall advise the employee of this right in advance of such a meeting. When an employee is given a written notice of warning, suspension, discharge or disciplinary demotion the reason(s) will be indicated and a copy of the letter given to the Union. The Employer agrees that any written notice of warning or suspension will be removed from any active employee’s file and not used against such employee when such disciplinary letter is more than two (2) years old.

Related to Merit Pay

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Debit Payment means a particular transaction where a debit is made.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • REIT Payment has the meaning set forth in Section 15.12 hereof.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Capitation means the reimbursement arrangement in which a fixed rate of payment per Enrollee per month is made to the Contractor for the performance of all of the Contractor’s duties and obligations pursuant to this Contract.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.