Performance-Based Advancement Sample Clauses

A Performance-Based Advancement clause sets out criteria under which an individual or entity can progress to a higher position, status, or compensation level based on meeting specific performance standards. Typically, this clause details the metrics or benchmarks that must be achieved, such as sales targets, project milestones, or quality measures, and outlines the process for evaluating performance. Its core function is to incentivize high achievement and ensure that advancement is tied to measurable results, thereby promoting fairness and motivating improved performance.
Performance-Based Advancement. Employees covered by this agreement may not advance to the next higher step if, for the preceding performance rating period, the employee's overall performance was rated at a below standard level (i.e., unsatisfactory, improvement needed). Employees may advance to the next higher step if, for the preceding performance rating period, the employees' overall performance was rated standard or higher.
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Performance-Based Advancement. MS+32 COLUMN 1. The individual teacher has a total of 40 hours beyond the Master's Degree. 2. The individual teacher has seven (7) year's teaching experience within the District. 3. The individual teacher has obtained a positive evaluation for each of the five preceding years and his/her principal's recommendation. 4. The individual teacher will conduct either a parent or student survey during the contract year and share the results with his/her building principal. 5. The individual teacher will make a video tape of his/her teaching during the contract year and invite the principal to view it with him/her. The contents of the tape shall be the property of the teacher. If the above criteria are met and the individual teacher chooses, the teacher will be placed in the Bonus Column (#11), step 23. The teacher may proceed down the Bonus Column on a yearly step basis as long as the teacher completes 3, 4, and 5 above. If not, the teacher shall be frozen at his/her step and column from the previous year until such time as the teacher decides to participate again. A determination for Performance Based Advancement shall be made at the April Board of Education meeting. All documentation must be available by April 1st. Eligible persons who meet the necessary criteria shall receive their Performance Based Advancement payment in a lump sum included in their April paycheck.
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Related to Performance-Based Advancement

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.