Common use of Increment Funding Clause in Contracts

Increment Funding. Distribution of increment funding, based on legislative funding, will be used to adjust base faculty salaries of full-time temporary faculty, special faculty appointments, tenure-track and tenured faculty members and will be evenly distributed based on the number of faculty. The adjustment will be made within thirty (30) days of receipt of the funding and issuance of an addendum to each faculty member’s personnel contract. Increment funding will increase the Salary Schedule by proportionate means. The College will update the Salary Schedule and post it for viewing on the Labor Relations webpage after each increase.