Common use of Advanced Degree Clause in Contracts

Advanced Degree. a. An employee shall receive one stipend annually for the highest earned degree limited to the following: i. Master’s Degree: MA, MS, M.Ed., Ed.S. ii. Doctoral Degree: Ph.D., Ed.D. b. The amount of the advanced degree stipend shall be based on an amount derived by applying the following formula to cell C,10 on the LPPA Salary Schedule (Annualized 182 Factor 1.00) In no case shall the amount of each stipend be less than $1,000.00 and $1,500.00 respectively. Master’s Degree 70,338.00 .0142171 1,000.00 Doctoral Degree 70,338.00 .0213256 1,500.00 c. It is the intention of the parties to link the advance degree stipends to the salary schedule so agreed upon cost of living adjustments which are applied to the salary schedule are reflected in the advance degree stipends as well.

Advanced Degree. a. An employee shall receive one stipend annually for the highest earned degree limited to the following: i. Master’s Degree: MA, MS, M.Ed., Ed.S. ii. Doctoral Degree: Ph.D., Ed.D. b. The amount of the advanced degree stipend shall be based on an amount derived by applying the following formula to cell C,10 on the LPPA Salary Schedule (Annualized 182 Factor 1.00) In no case shall the amount of each stipend be less than $1,000.00 and $1,500.00 respectively. Master’s Degree 70,338.00 72,631.00 .0142171 1,000.00 1,032.60 Doctoral Degree 70,338.00 72,631.00 .0213256 1,500.001,548.89 c. It is the intention of the parties to link the advance degree stipends to the salary schedule so agreed upon cost of living adjustments which are applied to the salary schedule are reflected in the advance degree stipends as well.