Allocation of Annual Faculty Salary Increments Sample Clauses

Allocation of Annual Faculty Salary Increments a. The ▇▇▇▇▇▇▇ and Vice President for Academic Affairs will distribute to the Deans a pool of funds, calculated as a percentage of faculty salaries or as a lump sum, and agreed upon during the annual meet and confer process for salary increases. b. Merit salary dollars will be distributed by college. ▇▇▇▇▇ and the ▇▇▇▇▇▇▇ and Vice President for Academic Affairs will be expected to expend all merit dollars allocated for the year. c. Salary adjustments and promotion increments will be added to the base salary in addition to the merit increment where appropriate. d. The salary allocation process as contained in this Agreement shall be utilized and based upon the performance appraisals completed during the term of this Agreement.
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Allocation of Annual Faculty Salary Increments a. The ▇▇▇▇▇▇▇ and Vice President for Academic Affairs will distribute to the Deans a pool of funds, calculated as a percentage of faculty salaries or as a lump sum, and agreed upon during the annual meet and confer process for salary increases. b. Merit salary dollars will be distributed by college. ▇▇▇▇▇ and the ▇▇▇▇▇▇▇ and Vice President for Academic Affairs will be expected to expend all merit dollars allocated for the year. c. Salary adjustments and promotion increments will be added to the base salary in addition to the merit salary increment where appropriate. d. The salary allocation process as contained in this Agreement shall be utilized and based upon the performance appraisals completed during the term of this Agreement. e. All promotions and salary merit increments shall be automatically funded. Any increase in the promotion allotment shall apply to all those promoted under the current contract.
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Related to Allocation of Annual Faculty Salary Increments

  • Salary Increments The Employer may grant an increment for meritorious service after an Employee has served for a period of twelve (12) months following the day established in Article 25.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 25.04, 25.05, or 25.06.

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Salary Increase All State salary increases or reductions provided to the district during this contract will be provided to all employees.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Assistant Controller, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $134,871.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.