Pay for Performance (PFP) definition

Pay for Performance (PFP) means a process where an environmental consulting company (Consultant) guarantees by signing a mutual agreement (the contract) that a release of a regulated substance will be remediated to COC levels agreed to by the PSTD and the Consultant that are protective of human health, safety and the environment. This performance-based process encompasses several steps, but is not limited to the contract signed by an officer/owner of the environmental consulting company, the applicant and the Administrator of the Indemnity Fund and an agreed to reasonable price. Scheduled payments are distributed only as performance- based goals are attained.
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Pay for Performance (PFP) means a process where an environmental consulting company (Consultant) guarantees by contract that a release of a regulated substance will be remediated to
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Examples of Pay for Performance (PFP) in a sentence

  • The Council agrees that the Agency may exercise its discretion in the administration of Market Based Pay (MBP) merit and bonus payments and the Hourly Pay Plan (HPP) (Pay for Performance (PFP)/ Crafts and Trades (C&T)) Team Award without negotiation as long as the merit and bonus payment program for MBP employees utilizes the same formula for bargaining unit and non-bargaining unit employees.

  • This Article, prevailing regulations, applicable Federal Register Notices and the S&T Personnel Demonstration Project Internal Operating Procedures provide the framework for the administration of TAPES and the Pay for Performance (PFP) appraisal system for Employees in the Bargaining Unit.

  • For the purposes of the Pay for Performance (PFP) program, the City agrees that members of the unit shall be evaluated annually upon his/her annual evaluation date (usually the anniversary of the date the employee was hired or promoted into his/her position).

  • Employee shall be eligible to participate in the City's Pay for Performance (PFP) program beginning on the anniversary date of the Commencement Date, and as provided by the City's Personnel Policies.

  • Each employee who has reached the top of their pay classification ("capped out") will continue to be evaluated under the Town's Pay for Performance ("PFP") appraisal system as described in Article III, Section 3 and based on the amounts calculated in accordance with Attachment "B".