Common use of Pay for Performance Clause in Contracts

Pay for Performance. The Pay for Performance Plan (PFP) is a salary incentive program linked to annual performance evaluations. Each year employees achieving a rating of "Exceeds Standards," "Superior" or "Outstanding" for the previous rating period shall receive a lump-sum incentive payment The incentive payments shall be paid by the first pay period on or after October 1 of each year of this agreement.

Appears in 3 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding, Labor Contract