MERIT RATING Sample Clauses

The Merit Rating clause establishes a system for evaluating the performance or quality of a party, typically in the context of insurance or employment. In insurance, this clause may adjust premiums based on the insured's claim history, rewarding those with fewer claims and penalizing frequent claimants. In employment or service contracts, it can be used to assess and record the quality of work or compliance with standards. The core function of this clause is to incentivize desirable behavior and performance by linking it to tangible outcomes, such as cost savings or continued engagement, thereby promoting fairness and accountability.
MERIT RATING. 15.01 The scales of wages as outlined in Schedule "B" in this agreement are considered minimum scales and do not prohibit the Company from granting merit increases to more proficient employees.
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MERIT RATING. The scales of wages as outlined herein are considered the minimum scales and do not prohibit the Employer from granting merit increases to more proficient employees when the Employer deems it appropriate to do so. Merit increases shall not constitute a term nor an amendment to this Collective Agreement.
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MERIT RATING. The scales of wages, as outlined in Schedule to this Agreement are considered minimum scales and do not prohibit the Company from granting merit increases to more proficient employees. The Union shall be notified of any merit rate.
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MERIT RATING. It is agreed that if, as and when merit ▇▇▇▇ ▇▇ is to be instituted, the plan (system of measurement), but not the application, shall be subject to negotiations.
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Related to MERIT RATING

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and ▇▇▇▇▇’▇ in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by ▇▇▇▇▇’▇ for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from ▇▇▇▇▇’▇ and “F1+” from Fitch.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Moody’s ▇▇▇▇▇’▇ Investors Service, Inc. and its successors.