Common use of Advanced Degree Clause in Contracts

Advanced Degree. If a faculty member, on or after the first day of the fiscal 1997 academic year and while employed by the College, is awarded an advanced degree, or a certificate or license in the discipline for which he is employed by the College, and that advanced degree would result in enhanced salary placement for a faculty member initially hired by the College in such discipline, such faculty member’s salary shall be increased, effective as of the beginning of the first fiscal academic year commencing after the faculty member notifies the College of, and furnishes to the College evidence of, the award of such degree, license or certificate. The amount of such increase shall be equal to the amount that would be paid to a faculty member initially hired to commence employment during the fiscal academic year for which the increase becomes effective. No faculty member may be awarded a salary increase pursuant to this Section 8.2(C): (i) to the extent that such increase would increase the faculty member’s salary to an amount in excess of the maximum salary set forth in Section 8.2(A) of this Agreement; or (ii) more than once during the term(s) of his employment by the College.