SECTION 725:15-37-2. Annual Incentive Pay Plan

(a)   Each fiscal year, the Executive Director shall submit to the Commission for its approval a proposed incentive pay plan for the subsequent fiscal year.

(b)   The incentive pay plan shall specify:

(1)   the financial and other performance goals of each facility or the magazine,

(2)   the method by which a facility's or the magazine's total incentive pay shall be calculated based on the degree of success in attaining the financial performance goals,

(3)   employee positions that will be eligible to receive incentive pay,

(4)   the method by which each eligible employee's share of the facility's or magazine's total incentive pay will be calculated, and

(5)   the date on which incentive pay relating to the subject year shall become payable to eligible employees.

[Source: Added at 20 Ok Reg 560, eff 1-3-03 (emergency); Added at 20 Ok Reg 1356, eff 5-27-03]