Performance Based Compensation Plan and Benefits Sample Clauses

Performance Based Compensation Plan and Benefits. In accordance with the 2021 IEERB Compliance Rubric, eligible teachers will be placed onto the reconfigured salary schedule found in Appendix A. Teachers that satisfy the evaluation rating factor transition to the 2021-22 salary schedule in a row and column commensurate with their education and experience, and receive a salary increase of 1.25% based on their satisfaction of the evaluation rating factor. Teachers that satisfy the evaluation rating factor transition to the 2022-23 salary schedule in the same row and column as they were located following the salary increases for 2021-22 and such teachers will receive a 2% increase based on their satisfaction of the evaluation rating factor. Salary increases resulting from movement within the salary schedule will be based on the compensation model described below and illustrated in Appendix A.
Sample 1Sample 2
AutoNDA by SimpleDocs
Performance Based Compensation Plan and Benefits. In accordance with the 2019 IEERB Compliance Rubric, eligible teachers will be placed onto the reconfigured salary schedule found in Appendix A at the same location as their current placement on the 2018-2019 salary schedule. Salary increases will be based on the compensation model described below and illustrated in Appendix A.
Sample 1
Performance Based Compensation Plan and Benefits 
Sample 1

Related to Performance Based Compensation Plan and Benefits

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Equity-Based Compensation The Executive shall retain all rights to any equity-based compensation awards to the extent set forth in the applicable plan and/or award agreement.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

Time is Money Join Law Insider Premium to draft better contracts faster.