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4.8. Performance BasedSalary .Adjustments: Effective July 1, 2014 each Association <br />employee covered by this MOU who has attained Step D may be eligible to receive an amnual <br />performance bonus as a one -time monetary incentive payment based on a percentage of current <br />annual rate of base salary in accordance with the following: <br />A. Performance Levels <br />For overall performance rated as `5" Significantly Exceeds Expectations, a <br />one -time monetary incentive payment of five percent (5 %). <br />2. For overall performance rated as `4' Exceeds Expectations, a one -time <br />monetary incentive payment of two and one -half percent (2.5 %). <br />3. For overall performance rated as `3' Meets Expectations, no monetary <br />incentive payment. <br />4. For overall performance rated as `2' Below Expectations, no monetary <br />incentive payment. <br />5. For overall performance rated as `1' Significantly Below Expectations, no <br />monetary incentive payment. <br />B. Upon an employee failing to receive a rating of "Significantly Exceeds Expectations" <br />in their Annual Performance Evaluation, the supervisor shall promptly prepare a <br />written document which details objectives the employee must meet in order to <br />receive a "Significantly Exceeds Expectations" rating for that evaluation period and <br />provide that document to the employee. The employee's evaluation will be held in <br />abeyance for aperiod no longer than 90 days, allowing the employee time to attempt <br />to achieve the objectives. During this time any Performance Based Salary <br />Adjustment for an "Exceeds Expectations," if awarded, shall not be processed. Ifthe <br />employce fails to achieve a rating of "Significantly Exceeds Expectations" within the <br />90 day period he /she will not be eligible for the "Significantly Exceeds Expectations" <br />bonus for that rating period. <br />C. Application of Guidelines <br />Any one -tune incentive payment granted under this plan is not an increase in <br />base salary and no salary rate range applicable to any Association employee <br />covered by this MOU shall be changed or deemed to have been changed by <br />reason of such payment. However, such incentive payment for Classic <br />CalPERS members as allowable under CCR Section 571a will be reported to <br />CalPERS as special compensation for calculation towards retirement. <br />