Procedures for Issuing Performance Plans Sample Clauses

The Procedures for Issuing Performance Plans clause establishes the formal process by which performance plans are developed, communicated, and implemented for employees or contractors. Typically, this involves outlining the steps for drafting the plan, obtaining necessary approvals, and delivering the finalized plan to the relevant parties, often within a specified timeframe at the start of a performance period. By standardizing these procedures, the clause ensures consistency and transparency in performance management, helping to set clear expectations and reduce misunderstandings about performance criteria and objectives.
Procedures for Issuing Performance Plans. A. The employee will receive, within 30 calendar days of the start of the new rating period, in writing, the critical elements and performance standards for their position. Performance plans will be issued on an annual basis, or when the employee changes positions, or when a critical element or performance standard is changed, or when the employee is assigned to a new supervisor. B. At the time the supervisor issues the written critical elements and performance standards to the employee through USAP, the supervisor, the employee and the employee's Union representative (if the employee elects to have one present) will discuss the critical elements and performance standards. C. If the critical elements or performance standards are unclear to the employee, the supervisor will seek to clarify the elements and standards. If the employee has suggestions for changes to the office-specific elements and standards, the supervisor will consider the employee’s requested changes before completing the plan. Management has the right to establish critical elements and performance standards. D. After the discussion has been completed, and all suggested changes considered, the supervisor and employee will complete and sign the employee’s performance plan in USAP. A copy will be available in USAP for review by the employee. The Agency will provide a copy of the performance plan to the employee’s Union representative, if any. The final performance plan will be issued within 15 calendar days of the employee’s receipt of the initial performance plan described in Section 4A of this Article.
Procedures for Issuing Performance Plans. A. The employee will receive, within thirty (30) calendar days of the start of the new rating period, in writing, the critical elements and performance standards for the position. Performance standards will be issued on an annual basis, or when the employee changes positions, or when a critical element or performance standard is changed. B. In the event that an employee needs additional clarification or context over the performance elements or standards, or in regard to a performance appraisal, the employee may request a meeting with the supervisor and the next level supervisor. This meeting will be held on a timely basis. The employee will be granted a reasonable amount of time up to one (1) hour to meet with a Union Representative for informal consultations prior to the meeting with the next level supervisor. C. The supervisor and employees are encouraged to discuss the performance plan for a position. If a critical element or performance standard is unclear to the employee, or the employee has input regarding the elements and standards, the supervisor will seek to clarify the elements and standards. The supervisor will consider the employee’s input before completing the plan. Management has the right to set performance standards. The finalization of the completed plan requires action by the reviewing official (normally the 2nd level supervisor). D. After the discussion has been completed, and all input considered, the supervisor, reviewing official, and employee will complete and sign the employee’s performance plan. A copy will be furnished to the employee.

Related to Procedures for Issuing Performance Plans

  • Stock Plans With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Stock Option was duly authorized by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any), to the Company’s knowledge, was duly executed and delivered by each party thereto, (iii) each such grant was made in all material respects in accordance with the terms of the Company Stock Plans, and (iv) each such grant was properly accounted for in accordance with generally accepted accounting principles as applied in the United States (“GAAP”) in the financial statements (including the related notes) of the Company.

  • Stock Plan Each stock option granted under any stock option plan of the Company (each, a “Stock Plan”) was granted with a per share exercise price no less than the fair market value per Common Share on the grant date of such option, and no such grant involved any “back-dating,” “forward-dating” or similar practice with respect to the effective date of such grant; each such option (i) was granted in compliance with applicable law and with the applicable Stock Plan(s), (ii) was duly approved by the board of directors (or a duly authorized committee thereof) of the Company or such Subsidiary, as applicable, and (iii) has been properly accounted for in the Company’s consolidated financial statements and disclosed, to the extent required, in the Company’s filings or submissions with the Commission and the Canadian Qualifying Authorities.

  • Compensation Program Amendments Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2). For reference, certain affected Benefit Plans are set forth in Appendix A to this letter. In addition, the Company is required to review its Benefit Plans to ensure that they do not encourage senior executive officers to take unnecessary and excessive risks that threaten the value of the Company. To the extent any such review requires revisions to any Benefit Plan with respect to you, you and the Company agree to negotiate such changes promptly and in good faith.

  • Equity Plans Executive shall be entitled to participate in any equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.

  • SCHEDULE FOR PERFORMANCE REVIEWS 7.1 The performance of the Employee in relation to his performance agreement shall be reviewed for the following quarters with the understanding that the reviews in the first and the third quarter may be verbal if performance is satisfactory: