Lump Sum Bonus. The University shall provide all eligible faculty employees in the faculty pay plan a one-time, lump-sum bonus of $1,000, less taxes, from the legislative appropriation, effective December 1, 2004. Eligible employees are those faculty whose most recent performance evaluation is at least satisfactory (as determined by a rating of “satisfactory” or better on a majority of assigned FTE), and who were continuously appointed from July 1, 2004, through December 1, 2004.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement