Performance pay definition

Performance pay means an amount of at-risk pay awarded on the basis of performance and paid as a lump sum.
Performance pay means payment above the salary range maximum to employees who meet specified performance or production standards.
Performance pay means an Employee’s performance pay (determined under the 401(k) Plan) from the Company for employment while on a U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). However, Performance Pay does not include any pay during a Deferral Period that is paid after an Employee’s 409A Separation from Service (except amounts paid in the pay period in which the Employee’s 409A Separation from Service occurs and Rehire Pay). Notwithstanding this definition, Performance Pay that is paid in the first quarter of 2008 is subject to the following special rules:

Examples of Performance pay in a sentence

  • Performance pay, cost of living increases and/or market adjustments will be annually negotiated based on the available budget as determined by the School Board.

  • For an employee in L5, where the Performance Pay Increase that would be awarded is restricted by the top of the range, the employee will receive as a performance bonus the minimum amount indicated on the Performance pay Career Progression Grid for a Fully Meets Requirements, Exceeds Requirements or Outstanding performance rating.

  • Performance pay for outplaced salaried employees is not included.

  • Performance pay for outplaced salaried employees with no more than 18 months of employment is per hour: Monthly x 1.08 133 Performance pay for outplaced salaried employees with more than 18 months of employment is paid per hour: Monthly salary x 1.16 150 Compensation is paid for the combined number of hours worked during the month, rounded to the nearest lower whole number.

  • Performance pay is discussed in further detail in Appendix B of this Article.


More Definitions of Performance pay

Performance pay means compensation paid by an employer to an employee or office holder in respect of an assessment of his or her performance; (“prime de rendement”)
Performance pay means an Employee’s performance pay (determined under the 401(k) Plan) paid by the Company for employment while on a U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). For the Performance Pay Deferral Period beginning in 2021, a Transferred Employee’s Performance Pay means the Employee’s performance pay (determined under the 401(k) Plan) paid by the Company for employment while on a U.S. payroll or on the IBM U.S. payroll, determined before reduction for deferrals under the Plan or the 401(k) Plan or for amounts not included in income on account of salary reductions under Code section 125 or 132(f). However, Performance Pay does not include any pay during a Deferral Period that is paid after an Employee’s 409A Separation from Service (except amounts paid in the pay period in which the Employee’s 409A Separation from Service occurs and Rehire Pay).
Performance pay means a cash award payable to a participant pursuant to the terms of the Plan.
Performance pay means payment that is earned only upon Agency’s demonstration that the Work timely achieves the outcome and indicator targets negotiated after RFI awards have been determined and defined in the contract agreement.
Performance pay shall either be granted or denied in its total amount; partial “Performance Pay” shall not be granted. The Exclusive Representative agrees that the payment of “Performance Pay” shall be totally within the discretion of the Director of Special Services and the granting or denial of “Performance Pay” shall not be subject to a grievance by either the Exclusive Representative or any Special Education Coordinator. The granting of “Performance Pay” shall occur on or after May 1st but before June 30th. “Performance Pay” is in addition to the salary the Special Education Coordinator earns and shall not be included in the following base year salary.
Performance pay means payment that is earned only upon Agency’s demonstration that the Work timely achieves the Performance Targets identified in Exhibit D. Performance Pay is payable according to the compensation table in Exhibit D. In no event shall the total Contract Price exceed $609,522. Additionally, Baseline Pay will not exceed $457,142 regardless of Agency’s costs in performing the Work. Funding for the 2016-2017 school year and beyond will be secured for staffing and budget purposes by March 1 of the preceding year. assess the costs associated with the District’s administrative responsibilities in relation to SPP and negotiate an agreement. The parties agree that administrative costs not associated with the provision of early learning services for SPP are separate and distinct from the services delivery costs of an SPP classroom. The City will reimburse all administrative costs due to the District as negotiated through this biannualagreement and subsequent semiannual review of this agreement.
Performance pay means payment that is earned only upon Agency’s demonstration that the Work timely achieves the Performance Targets identified in Exhibit D. Performance Pay is payable according to the compensation table in Exhibit D. In no event shall the total Contract Price exceed $609,522. Additionally, Baseline Pay will not exceed $457,142 regardless of Agency’s costs in performing the Work. Funding for the 2016-2017 school year and beyond will be secured for staffing and budget purposes by March 1 of the preceding year. Pursuant to the Partnership Agreement the City and District will meet twice a year to assess the costs associated with the District’s administrative responsibilities in relation to SPP and negotiate an agreement. The parties agree that administrative costs not associated with the provision of early learning services for SPP are separate and distinct from the services delivery costs of an SPP classroom. The City will reimburse all administrative costs due to the District as negotiated through this agreement and subsequent semiannual review of this agreement.