Discretionary award meaning
Webdiscretionary: [adjective] left to individual choice or judgment : exercised at one's own discretion. WebCash Awards Agencies have discretionary authority to grant an employee a lump-sum cash award based on a “Fully Successful” or better rating of record. These are called rating-based cash awards. These cash awards do not increase an employee's basic pay. Awards based on the rating of record can be up to 10 percent of
Discretionary award meaning
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Web“Discretionary Award” means an award where the Federal agency selects Recipients based on merit and eligibility. Whether an award is discretionary or mandatory is not … Webdiscretionary trust . n a trust in which the beneficiaries' shares are not fixed in the trust deed but are left to the discretion of other persons, often the trustees . English Collins …
WebDiscretionary bonuses are often used to reward exceptional performance, contribution, or accomplishment that goes above and beyond the employee’s usual realm of job … WebDiscretionary Award means the portion, if any, of a Participant 's Incentive Award for a Plan Year that is not determined by defined objective performance criteria. Sample 1 …
Webadjective having or using the ability to act or decide according to your own discretion or judgment “The commission has discretionary power to award extra funds” synonyms: discretional arbitrary based on or subject to individual discretion or preference or sometimes impulse or caprice adjective WebApr 10, 2024 · discretionary in American English. (dɪˈskreʃəˌneri) adjective. 1. subject or left to one's own discretion. 2. for any use or purpose one chooses; not earmarked for a particular purpose. discretionary income. a discretionary fund.
Webhaving or using the ability to act or decide according to your own discretion or judgment. “The commission has discretionary power to award extra funds”. synonyms: …
WebDiscretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4 (b). Awards means, collectively, Options and … corryong doctorsWebMar 18, 2024 · A discretionary bonus is one of the types of bonuses that might be awarded by an employer. Some employers award discretionary bonuses to recognize … braw scottishWebDec 17, 2012 · Discretionary bonuses are generally payments that an employee does not have reason to expect and that are made at the sole discretion of the employer in recognition of services, and are not ... braw scotland toursWeb1 : left to individual choice or judgment : exercised at one's own discretion discretionary powers 2 : available for discretionary use discretionary income Synonyms elective … corryong country inn corryongA discretionary bonusis one given at the sole discretion of the employer. The key is that the employer hasn't set the expectation of a bonus if employees meet certain goals. Additionally, the amount and timing of the bonus aren't known in advance. The purpose of these bonuses is usually to recognize exceptional … See more A nondiscretionary bonus is a pay increase offered by an employer if employees meet certain requirements. These are usually standing offers that help incentivize better … See more There are a wide variety of bonus options that employers offer to encourage better performance in the workplace. To make it easier to understand which commonly awarded bonuses … See more The Fair Labor Standards Act (FLSA) establishes employee overtime pay eligibility. Under the FLSA, certain types of bonus payments to nonexempt employees can retroactively … See more While discretionary and nondiscretionary bonuses are similar, they have several significant differences. Here are some of the primary distinctions between discretionary and nondiscretionary bonuses: 1. … See more corryong courthouseWebable to be decided by a particular person or group, rather than being controlled by rules, or relating to the power to make these decisions: Judges have great discretionary powers. … braw scottish meaningWebDiscretionary bonuses are excludable from the regular rate of pay. A bonus is discretionary only if all the statutory requirements are met: The employer has the sole … braw scran