Common use of Performance Review/Merit Increase Clause in Contracts

Performance Review/Merit Increase. Merit increases shall be based upon satisfactory performance. Employees shall be evaluated on an Employee Performance Report (EPR) on each employee’s anniversary date until an employee reaches the maximum salary step for such employee’s salary range. Each employee shall, upon receipt of a satisfactory EPR and the approval of the Board of Directors, will receive a merit increase in salary and shall be advanced to the next higher step of such employee’s salary range. If the salary increase is withheld because of a below-standard or unsatisfactory evaluation, and the employee remains employed, second consideration must be given within six (6) months of the anniversary date and at least every six (6) month period thereafter or until the employee receives the merit increase or is terminated.

Appears in 2 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding