Common use of PERFORMANCE PREMIUM Clause in Contracts

PERFORMANCE PREMIUM. All employees in the ranks of Park Sergeant and Park Patrol Officer who have completed their probationary period with the MPRB shall be entitled to a lump sum payment upon receiving a satisfactory performance evaluation. The performance evaluation shall be completed with notification of satisfactory performance sent to payroll by November 15 with the premium being paid by December 31 of each year. The performance premium shall be equal to two percent (2%) of the employee’s base annual wage, exclusive of shift differential, overtime or other forms of additional compensation. If the MPRB does not conduct a performance evaluation, the employee shall be considered to have received a satisfactory evaluation. An eligible employee who does not receive a satisfactory performance evaluation may, within thirty (30) calendar days of receipt of the evaluation, appeal the evaluation to the Director, Park Safety and Security for a final decision.

Appears in 2 contracts

Sources: Labor Agreement, Labor Agreement