Merit Pay Plan Sample Clauses

Merit Pay Plan. The BMA has agreed to suspend the Merit Pay program for the duration of this contract.
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Merit Pay Plan. The City Manager may give members covered by this Agreement a merit pay increase of not less than two (2%) percent nor more than five (5%) percent of the member’s base salary rate as of November 1. The increase will become part of the member’s base salary. The City Manager will determine which members shall receive the merit pay increase in any year based on outstanding job performance during the previous year. Members still receiving step increases shall not be eligible for these merit increases.
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Merit Pay Plan. The City Manager may give Department Heads covered by this Agreement a merit pay increase which will become part of the employee’s base salary. The City Manager will determine which employees shall receive the merit pay increase at his sole discretion.
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Merit Pay Plan. In compliance with Section 1250 of the Revised School Code, teachers are permitted to participate in a Board-approved merit pay plan unless they are deemed not eligible as described below: • Teachers who are on a corrective action plan/individual development plan to correct behavior or instructional deficiencies at any time during the school year are not eligible for merit pay. • Teachers who leave the employment of the District prior to the last day of the school year are not eligible for merit pay.
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Merit Pay Plan. Every employee covered by this Agreement shall each year be evaluated by the Supervisor or Department Head using the current performance evaluation form provided by the Civil Service Commission. Progression from one step to the next higher step shall occur on the first day of the pay period commencing closest to July 1 of each year if, and only if, the employee receives a score of average or better on the performance evaluation form, i.e., if the performance evaluation form is a five (5) point scale, the employee must receive a three (3) or higher to move to the next step. When a step increase is not granted, the employee's supervisor shall notify the employee of such action and shall inform the employee of the reason prior to July 1. Failure to provide such notice shall not entitle the employee to the step increase. When a step increase is not granted, the employee shall have until October 1 as a probationary period for purposes of obtaining a merit pay increase. On October 1, the employee’s supervisor may review the initial decision and shall inform the employee of his/her decision to grant or deny the merit pay increase. An employee who is not granted a step increase may appeal that decision to the City Manager or his delegate, but is not subject to the grievance procedure. Effective July 1, 2003, in addition to the above possible increase on July 1, there shall be an automatic step increase upon passing probation.
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Merit Pay Plan. The parties agree to meet and confer on any plans to modify the Management Merit Plan.
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Merit Pay Plan. The merit pay plan for teachers is determined solely by the Board of Education, and is only included to comply with Section 164h of the State School Aid Act. Teachers are permitted to participate in the District’s merit pay plan providing they meet the qualifications as stated in the merit pay plan.
Sample 1
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Merit Pay Plan. The parties agree to meet and confer on any plans to modify the Management Merit Plan. The Merit Pay Plan is suspended.
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Merit Pay Plan. 21.4.1 A teacher receiving an overall unsatisfactory evaluation shall not receive his/her salary increase for the succeeding school year. An overall unsatisfactory teacher shall not be eligible for an experience step increase until such time as he/she receives an overall satisfactory evaluation.‌
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Related to Merit Pay Plan

  • Pay Plan The minimum rate and maximum rate of pay for each classification in each bargaining unit will be established per the pay range assignments found in Appendix A.

  • Compensation Plan 1. Subject to any applicable regulation and the Company's/its contractor approval, the applicant shall choose a Compensation Plan on the Affiliate Participation Form. An Affiliate may not change the elected Compensation Plan.

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Severance Plan The term “Severance Plan” shall mean the Assured Guaranty Ltd. Executive Severance Plan.

  • Vision Plan The District will also make available a vision plan to be paid by the employee with pre-tax dollars through payroll deduction.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

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