Adjunct Faculty Member Increases Sample Clauses

Adjunct Faculty Member Increases a. Minimum Credit Hour Adjustments: (i) Beginning September 1, 2005, the minimum credit hour rate for adjunct faculty members shall be as follows: Adjunct Professor $1,100 Adjunct Associate Professor $ 925 Adjunct Assistant Professor $ 850 Adjunct Instructor $ 775 (ii) Beginning September 1, 2006, the minimum credit hour rate for adjunct faculty members shall be as follows: Adjunct Professor $1,200 Adjunct Associate Professor $1,000 Adjunct Assistant Professor $950 Adjunct Instructor $850 b. Continuing Adjunct Faculty Member Increases (i) For the 2004-2005 academic year, continuing adjunct faculty members shall be compensated at their 2003-2004 credit hour rate, increased by 4%. The increase will be paid on a retroactive basis within forty-five (45) days after the Agreement is ratified by both parties. (ii) For the 2005-2006 academic year, continuing adjunct faculty members shall be compensated at the greater of their 2004-2005 credit hour rate increased by 3.5% or at the minimum rate specified in paragraph 14.04 (a)(i) of this Agreement (iii) For the 2006-2007 academic year, continuing adjunct faculty members shall be compensated at the greater of their 2005-2006 credit hour rate increased by 3.5% or at the minimum rate specified in paragraph 14.04(a)(ii).