Merit Bonus. 28.5.1 A merit bonus may be granted annually to no less than ten percent (10%) and no more than twelve percent (12%) of Members. To be eligible for a merit bonus, a Member's performance must clearly have exceeded the established expectations and standards for the position. The awarding of a merit bonus will be at the sole discretion of the University and will not be grievable. The value of a merit adjustment will be a lump sum payment of $500 and will not be added to the Member's salary.
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Sources: Collective Agreement, Collective Agreement