Merit Increase definition

Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

Merit Increase. An adjustment to individual salary based on a documented assessment of performance.

Merit Increase means an increase in the rate of pay for an employee of at least one step within the salary range, but not exceeding the maximum for the classification.

Examples of Merit Increase in a sentence

• The budget used for both Merit Increase funds and Promotion/Adjustment funds shall be based on the payroll for the end of the previous CIP year.

• The Merit Increase fund does not exceed the mean percent increase included in the annual Departmental guidance providing the WorldatWork Salary Budget Survey’s salary increase projected for the CIP year.

• In the absence of Departmental policy to the contrary (e.g., Secretarial pay freeze) a Contractor that meets the criteria, as set forth below, is not required to submit a Compensation Increase Plan (CIP) request to the CO for an advance determination of cost allowability for a Merit Increase fund or Promotion/Adjustment fund.

• A change in the salary or status of the supervisor shall invoke the Merit Increase Section of this Resolution and said Sections shall only be applied to the base rate of the supervisor's salary.

• Employees with an unsatisfactory performance evaluation shall not be eligible for a Merit Increase for twelve months following the unsatisfactory evaluation.

More Definitions of Merit Increase

Merit Increase or “MI” is defined in section 63.12;

Merit Increase means an increase in the rate of pay of an Engineer of one (1) increment within his pay range which may be granted in recognition of one (1) full year of satisfactory service. 02 The merit increase shall be effective on the applicable anniversary date.

Merit Increase means an increase, which is awarded based upon annual review of an employee's performance.

Merit Increase means a performance-related increase in salary; “Minister” means the Minister to whom responsibility for labour

Merit Increase means an adjustment to individual salary based on a documented assessment of performance as per Schedule B – Eligibility for Merit Increases.

Merit Increase means an increase from one step to a higher step within a salary range for the same classification as described in a compensation plan based on meritorious job performance.

Merit Increase means an increase, which is awarded based upon annual review of an employee’s