Award and Recognition Program Clause Samples

The Award and Recognition Program clause establishes a framework for acknowledging and rewarding individuals or teams for exceptional performance or achievements within an organization. Typically, this clause outlines the criteria for eligibility, the types of awards or recognition available, and the process for nomination and selection. By formalizing how recognition is given, the clause helps motivate employees, fosters a culture of excellence, and ensures that outstanding contributions are consistently and fairly acknowledged.
Award and Recognition Program. 1. The Employer and the Union agree that substantial benefits will occur through energetic sponsorship and maintenance of an awards program and that awards will be distributed in a fair and equitable manner. The Awards and Recognition Program is designed to encourage all Employees to share actively in improving Government operations; enhancing productivity and creativity; and achieving personal job satisfaction through providing timely recognition to those whose job performance and adopted ideas benefit the government and are substantially above normal job requirements. 2. The Program shall be administered in accordance with appropriate laws, rules, regulations, and AFI 36-1004, and the provisions of this Agreement. The Employer will provide the Union with a copy of the current agency Guidance. 3. The Employer will provide an annual list of awards presented to the Union which will include organizational location, series, grade, and type of award. 4. When an Employee performs exceptionally and receives an award, the award will be processed promptly and a congratulatory letter or award certificate will accompany the award. 5. The Awards and Recognition Program allows for the acknowledgment of contributions that lead to achievement of organizational, team, or individual results through the use of monetary awards, non- monetary recognition, and honor awards. Management will schedule an appropriate award presentation for an employee.
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Related to Award and Recognition Program

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Bonus Program You will be eligible for an annual target bonus of forty percent (40%) of your annual base salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.