Increments Earned Clause Samples
The "Increments Earned" clause defines how and when a party becomes entitled to receive incremental payments or benefits as certain milestones or performance targets are achieved. Typically, this clause outlines the specific criteria or events that trigger each increment, such as completion of project phases, delivery of goods, or attainment of sales targets. By clearly specifying the conditions for earning increments, the clause ensures transparency in compensation or reward structures and helps prevent disputes over entitlement to payments or benefits.
Increments Earned. Merit increases have to be earned by satisfactory work performance. An employee who has not earned a merit increase will be so informed at least two weeks before the anniversary date. The onus of justifying that the merit increase should be withheld shall fall upon the Employer.