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Consistently exceeds all objectives requirements and <br />expectations by a wide margin. <br />Exceeds Expectations: <br />Consistently meets all objectives and requirements <br />and exceeds several. <br />Meets Expectations: <br />Meets objectives and requirements. <br />0 Below Expectations: <br />Fails to meet some objectives and requirements. <br />1 Unacceptable: <br />Performance is significantly below the minimum <br />required. <br />11,5 Performance -Based Salary Adjustments. Each Executive Management <br />(EM) employee may be eligible to receive an annual performance- based, in -range <br />salary increase and /or one -time monetary payment based on a percentage of current <br />annual rate of base salary, or be subject to a performance -based salary reduction, in <br />accordance with the following: <br />A. For overall performance rated as "Significantly Exceeds Expectations," <br />either step increases or one -time monetary payment or a combination of step increases <br />and one -time monetary payment not to exceed seven and one -half percent (7.5 %) in <br />toto. <br />B. For overall performance, rated as "Exceeds Expectations," either step <br />increases or one -time monetary payment or a combination of a step increase and one- <br />time monetary payment not to exceed five percent (5 %) in toto. <br />C. For overall performance rated as "Meets Expectations," a one -time <br />monetary payment in an amount up to but not to exceed two and one -half percent <br />(2.5 %) of current annual rate of base salary or advancement of one step (2.5 %) within <br />the salary rate range, <br />D. For overall performance rated as 'Below Expectations," no performance <br />salary increase or monetary incentive payment. <br />E. For overall performance rated as "Unacceptable," no performance salary <br />increase or monetary incentive payment. Additionally, any Executive Management <br />(EM) employee who has received such a rating and who is being paid at a step higher <br />than the minimum rate of the salary rate range, may be reduced by one or more steps <br />at the discretion of the City Manager. <br />F. Application of Guidelines. <br />Resolution No. 2015 -001 <br />Page 13 of 15 <br />