merit-pay

merit pay

noun
an additional sum paid to an employee, as a schoolteacher, whose work is superior and whose services are valued.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
merit pay

noun
extra pay awarded to an employee on the basis of merit (especially to school teachers) 
WordNet® 3.0, © 2006 by Princeton University.
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