Common use of PURPOSE OF THIS AGREEMENT AND APPENDICES Clause in Contracts

PURPOSE OF THIS AGREEMENT AND APPENDICES. The purpose of this Agreement and the appendices thereto are to – (a) comply with the relevant requirements of legislation and the employment contract; (b) specify the performance objectives and targets which the Parties agree the Employee shall achieve during the current financial year; (c) specify the core competency requirements which the Parties agree the Employee must acquire or possess and demonstrate; (d) specify the procedures to which the Parties agree for monitoring, measuring and evaluating the Employee’s performance against the agreed objectives, targets and core competency requirements; and (e) in the event of – (i) outstanding performance, to appropriately reward the Employee; or (ii) in the event of poor performance, to assist the Employee to improve his performance.

PURPOSE OF THIS AGREEMENT AND APPENDICES. The purpose of this Agreement and the appendices thereto are to – (a) comply with the relevant requirements of legislation and the employment contract; (b) specify the performance objectives and targets which the Parties agree the Employee shall achieve during the current financial year; (c) specify the core competency requirements which the Parties agree the Employee must acquire or possess and demonstrate; (d) specify the procedures to which the Parties agree for monitoring, measuring and evaluating the Employee’s performance against the agreed objectives, targets and core competency requirements; and (e) in the event of – (i) outstanding performance, to appropriately reward the Employee; or (ii) in the event of poor performance, to assist the Employee to improve his her performance.