Common use of Returning Faculty Clause in Contracts

Returning Faculty. Subd. 1. Salaries of tenured, probationary, fixed-term, and non-tenure track faculty members covered by this Agreement shall be at the rates set forth below on the salary schedule as full- time nine-month (168 days) base salaries. Returning faculty members shall be initially placed on the same salary step in the same lane occupied at the end of FY 2005. Subd. 2. After being placed on the salary schedule as prescribed in Subdivision 1, faculty members who were in the bargaining unit in FY 2005 and who return in FY 2006 shall advance one (1) step on the salary schedule. Subd. 3. Effective July 1, 2006 faculty members who were in the bargaining unit in FY 2006 and who return in FY 2007 shall advance one (1) step on the salary schedule. Faculty who cannot receive the returning step provided for in this Subdivision because they are at step 49 of the salary schedule shall receive a one-time payment of $2,400 (pro rated by FTE) in lieu of the returning step provided for in this Subdivision.