Port Performance Premium Clause Samples

Port Performance Premium. Regular full-time employees with a current annual performance evaluation of “Meets Expectations” (or better) shall receive premium (Port Performance Premium (pay in the amount of one and one half percent (1.5%) of their annual base salary if and when the Port meets its operating ratio and revenue goals as defined and determined by the Board of Port Commissioners on an annual basis. This Port Performance Premium pay will not be an adjustment of base salary. For those represented employees with an annual performance evaluation date of June 1, as herein defined, the Port Performance Premium pay will be made in six (6) equal monthly installments commencing in October. For those represented employees with an annual performance evaluation date of December 1, as herein defined, the premium pay will be made in six (6) monthly installments commencing the following January.
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Port Performance Premium. All represented employees with a current annual performance evaluation of “Meets Expectations” (or better) shall receive premium (Port Performance Premium) pay in the amount of one and one half percent (1.5%) of their annual base salary if and when the Port meets its operating ratio and revenue goals as defined and determined by the Board of Port Commissioners on an annual basis. This Port Performance Premium pay will not be an adjustment of base salary. For those represented employees with a performance evaluation date of June 1, as hereinafter defined, the Port Performance Premium pay will be made in six (6) equal monthly installments commencing on the earliest feasible pay period following Board approval of the “audit of Port financial statements”. The Port will notify the Union within five calendar days of the annual decision of the Port Commissioners as to their operating ratio and revenue goals for the fiscal year. The Port will provide the Union with information as to how the operating ratio and goals are defined and determined. For those represented employees with a performance evaluation date of December 1, as hereinafter defined, the premium pay will be made in six (6) monthly installments commencing in the following January. A represented employee, who is promoted before receiving full payment of their premium, shall be paid the balance of that earned premium in one lump sum at the earliest feasible pay period following the Board’s approval of the promotional appointment.
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Related to Port Performance Premium

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Continuing Performance In the event of a dispute, the Owner and the Developer agree to continue their respective performance hereunder to the extent feasible in light of the dispute, including paying ▇▇▇▇▇▇▇▇, and such continuation of efforts and payment of ▇▇▇▇▇▇▇▇ shall not be construed as a waiver of any legal right.

  • Due Performance Each party to this Agreement undertakes the obligation that the other's expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party, the other may, in writing, demand adequate assurance of due performance and until such written assurance is received may, if commercially reasonable, suspend any performance for which the agreed return has not been received.

  • Past Performance The Government will evaluate the contractor's performance on the NETCENTS-2 Orders provided in Exhibit B, CDRL B001. The PCO will determine the quality of the work performed based on an integrated assessment of data obtained in the Contractor Performance Assessment Reporting Systems (CPARS) and information obtained from Defense Contract Management Agency (DCMA) channels, interviews with customers, program managers and/or contracting officers for NETCENTS-2 task orders. Based on the contractor performance records above, the PCO will determine if there is an expectation that the contractor will successfully perform the required efforts under the unrestricted NetOps and Infrastructure Solutions contract.