approval. The amount will be determined by the success of the business in achieving its earning goals, as well as by the individual contribution of each employee to business goals, as determined by IGA management. It is not intended to make up for or add to an employee's regular hourly wage or compensation for meeting the minimum standards of the job position. In addition to the discretionary annual bonus, the Executive Director may provide bonuses in the amounts of $25,000 or less for extraordinary work by employees throughout the year. It is at the sole and total discretion of the Executive Director, Chairman and the Finance Executive Committee whether there is any bonus, the amount and whether individual employees are rewarded. It should not be assumed that past payments have established a pattern for future payments. In other words, there is no guarantee of any bonus. A. Eligibility for Bonus Only full-time, regular employees who have satisfactorily completed the 90 day introductory period are eligible to receive a bonus. Individuals on a leave of absence may receive a prorated portion of the bonus, at the sole discretion of the Deputy Executive Director, Chairman and the IGA Executive Committee. Employees who terminate their employment before the end of the bonus period are not eligible for any portion of the incentive for that period. Employees who are, or could be, terminated for not meeting performance standards or violating business policy are not eligible for any portion of the bonus. This includes, but is not as limited to, employees who are, or could be, terminated for poor performance, disclosure of confidential information, violation of the duty of loyalty, violation of business policy, off-duty misconduct that affects the operation of the business, or any other misconduct. Loss of bonus can be part of a termination or disciplinary decision. The bonus documentation will be gathered and maintained by the Director of Business Operations and filed in each employee’s personnel file.
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Deleted: Business Manager Deleted: Opeartions
3.12 PROPERTY AND EQUIPMENT
PURPOSE: To outline the policies and procedures for property and equipment.
A. Land and Buildings The Executive Committee shall determine the acquisition, use and disposition of real property. Real property shall be depreciated in a straight-line formula. Property Records shall be maintained accurately and include pertinent information to the property (deed, resolutions, title insurance, correspondence, etc.). A computer record shall include a legal definition, description of structure, acquisition cost, date of acquisition, depreciation schedule, and records of renovation and maintenance.
Deleted: NIGA
IGA Accounting Policies and Procedures (guidelines)
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