Probationary Status Employees. Immediately prior to the completion of the required probationary period for an employee, the employee's supervisor shall conduct a performance evaluation of the employee. If the employee's overall performance is rated satisfactory and/or meets expectations or better, and the probationary period has not been extended, the employee will be converted to permanent status in accordance with the provisions of Section 16-172; or If the employee's overall performance is rated less than satisfactory and/or needs development, the employee will be dismissed. Permanent Status Employees. The official performance evaluation of a permanent status employee shall constitute the basis for awarding performance-related incentives or pay increases in accordance with established procedures. In addition, permanent status employees will receive retention points in accordance with Section 16-188, as follows: Employees receiving overall performance evaluations equivalent to outstanding and/or exceeds expectations will receive three (3) retention points; Employees receiving overall performance evaluations equivalent to more than satisfactory and/or meets expectations will receive two (2) retention points; Employees receiving overall performance evaluations equivalent to satisfactory and/or meets expectations will receive one (1) retention point; Employees receiving overall performance evaluations equivalent to less than satisfactory and/or needs development will receive zero (0) retention points. For all permanent status employees, an overall performance rating equivalent to less than satisfactory and/or needs development may subject the employee to disciplinary action in accordance with Section 16-194, including dismissal.