>There was a track very similar to the salary bands that you see in a F1000 company (<title>, senior <title>, staff <title>, <pricipal> title, etc), the only difference was that salary advancement within a band was time based, with only a small discretionary component. IIRC, you could get a 1% boost for exceptional performance identified by management, in addition to the schedule. Job titles were broadly defined.

IIRC, this is how basecamp structures their team.