Common use of Annual Salary Increases Clause in Contracts

Annual Salary Increases. a. Across the Board Adjustments The University shall provide across the board adjustment to eligible unit members effective the first full pay period after July 1, 2014, July 1, 2015, and July 1, 2016. Across the board adjustments shall be made before market increases are distributed. Tenure-track unit members who have been notified of non-retention in accordance with provisions of Article 9 are not eligible for across the board salary increases. There shall be no annual salary increases during the term of this Agreement after December 31, 2016. In FY15, eligible bargaining unit members shall receive a two percent (2.0%) across the board increase to base salary. In FY16, eligible bargaining unit members shall receive a two percent (2.0%) across the board increase to base salary. In FY17, eligible bargaining unit members shall receive a two percent (2.0%) across the board increase to base salary. b. Each unit member will receive a lump-sum distribution (to base) of $750, prorated by FTE, in each year of the contract. Unit members who are employed on September 15, 2013 and who remain employed as of September 15, 2014 are eligible for the distribution in FY15. Unit members who are employed on September 15, 2014 and who remain employed as of September 15, 2015 are eligible for the distribution in FY16. Unit members who are employed on September 15, 2015 and who remain employed as of September 15, 2016 are eligible for the distribution in FY17. Payment to eligible unit members will be included in the first full pay period following September 15.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!