COMPENSATION AND PERFORMANCE Sample Clauses
The COMPENSATION AND PERFORMANCE clause defines how an individual or entity will be remunerated and the standards or metrics by which their work will be evaluated. Typically, this clause outlines the payment structure, such as salary, bonuses, or commissions, and specifies the performance criteria or targets that must be met to receive certain compensation. By clearly establishing both the financial terms and the expectations for performance, this clause helps prevent disputes and ensures that both parties understand the basis for payment and evaluation.
COMPENSATION AND PERFORMANCE. Contractor shall be compensated as described in attached Appendices. Unless otherwise set forth therein, Contractor shall begin services on the effective date of this Agreement, and shall complete services no later than the dates or timeframes described in the Appendices, or as mutually agreed in writing by the parties.
COMPENSATION AND PERFORMANCE. Review (a) As a result of the Company's current limited available cash, the Employee agrees to receive no compensation until the company generates a profit, after all expenses.
COMPENSATION AND PERFORMANCE. REVIEW
A. During the twelve (12) month term of employment commencing September 1, 2009, a base salary of $352,300/year payable bi-weekly pursuant to Minn-Dak’s current payroll program.
COMPENSATION AND PERFORMANCE. Review (a) As a result of the Company's current limited available cash, the Employee agrees to receive compensation based solely on incentive performance of revenues/profits generated by the employee.
COMPENSATION AND PERFORMANCE.
13.1 The hourly wages and salaries provided herein shall constitute the entire regular compensation attributable to the performance of the duties and responsibilities of the position. Certain unit positions are expected to be available to assist in the Town's response to weather related and other conditions which require service outside of the normal work day. Certain positions are also expected to meet certain deadlines in the performance of this work and to appear before boards, commissions, and committees outside the normal work day. Such positions shall continue to perform such work in the same manner and to the same extent as prior to execution of this Agreement and shall perform such work if needed even if said work did not occur prior to this Agreement unless such work is clearly over and above, outside and unrelated to his/her duties and responsibilities of the position. The parties have agreed to amend Article 13 Classification Plan and Pay Rates accept pay scales for FY2023 (July 1, 2022- June 30, 2023), FY2024 (July 1, 2023- June 30, 2024) and FY2025 (July 1, 2024- June 30, 2025) provided as Appendix A. The scales reflect the new classification and compensation plan plus Cost-of-Living increases of 3% for FY2023, 2.5% for FY2024 and 2.5% for FY2025. Retroactive payment under this agreement shall only be made to employees active as of the date of ratification and funding and employees who have retired in good standing since July 1, 2022. Each member of the bargaining unit shall be placed in their appropriate grade at the step with the rate closest to and not less than their current step on the Before COLA" pay scales. Once that step is determined, they will be placed into that step within the Year 1 (Fiscal Year 2023) Scale that includes COLA. Employees will maintain their existing anniversary date for the purposes of step increases (either their hire date or reclassification date, whichever came later), and employees who were already at a step 6 as of July 1, 2023 on the previous Classification Plan will now have an anniversary date of July 1. The parties further agree that each member of the bargaining unit including the removed Health & Conservation Agent, shall receive a one-time, non-base building payment of $625.00 payable upon full ratification of this agreement.
13.1.1 The hourly wages and salaries set forth in Appendix A represent hourly wages and salaries to be paid to individuals holding the listed positions; including additional com...
COMPENSATION AND PERFORMANCE. This Project includes both FP Work Streams and T&M Work Streams, which will be performed under and governed by separate Task Orders. The basis upon which compensation will be paid by Client to Contractor for the Services performed under a Task Order shall be set forth in each Task Order.