Common use of Step and Merit Increases Clause in Contracts

Step and Merit Increases. a. Employees shall receive an annual merit bonus in the amount of one percent (1%) of the employee’s base salary shortly after their annual evaluation date if their performance evaluation is shown to be at a level of outstanding. Employees shall receive an annual merit bonus in the amount of two percent (2%) of the employee’s base salary shortly after their annual evaluation date if their performance evaluation is shown to be at a level of Pursuit of Excellence. The evaluation rankings are: 90% and above = Pursuit of Excellence 80% to 89% = Outstanding 70 to 79% = Satisfactory Below 70% = Failing b. If the employee has not been evaluated within thirty (30) calendar days following his/her anniversary date, the merit increase will be effective at the beginning of the pay period following the employee's anniversary date.

Step and Merit Increases. a. Employees shall receive an annual merit bonus in the amount of one percent (1%) of the employee’s base salary shortly after their annual evaluation date if their performance evaluation is shown to be at a level of outstanding. Employees shall receive an annual merit bonus in the amount of two percent (2%) of the employee’s base salary shortly after their annual evaluation date if their performance evaluation is shown to be at a level of Pursuit of Excellence. The evaluation rankings are: 90% and above = Pursuit of Excellence 80% to 89% = Outstanding 70 to 79% = Satisfactory Below 70% = Failing b. If the employee has not been evaluated within thirty (30) calendar days following his/her anniversary date, the merit increase will be effective at the beginning of the pay period following the employee's ’s anniversary date.