Common use of Parity Compensation Clause in Contracts

Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment in lieu of a salary increase for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount the members receive as salary or market increase compensation members’ pay will be adjusted so that they receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grant, or to any other payments to groups or individuals not intended as a general adjustment to salaries or in lieu of a salary increase, such as a one-time payment in recognition of specific services rendered, a payment to resolve a dispute, or a signing bonus paid in connection with ratification of a collective bargaining agreement. This provision also does not apply to individual merit increases or bonuses.

Parity Compensation. If during the duration of this contract, the Board of Trustees approves an across-the-board salary increase or lump sum payment in lieu of a salary increase for another bargaining unit or a broad class of non-bargaining unit staff within a fiscal year that is greater than the amount the members receive as salary or market increase compensation members’ pay will be adjusted so that they receive parity for that fiscal year. This provision does not apply to market salary adjustments, adjustments to increase the compensation of employees who fall within the lower tiers of overall compensation for employees of the College, job reclassifications, departmental reorganizations, or increases provided by individual contracts or grant, or to any other payments to groups or individuals not intended as a general adjustment to salaries or in lieu of a salary increase, such as a one-one- time payment in recognition of specific services rendered, a payment to resolve a dispute, or a signing bonus paid in connection with ratification of a collective bargaining agreement. This provision also does not apply to individual merit increases or bonuses.