Appointment Relinquishment Incentive Clause Samples
Appointment Relinquishment Incentive for faculty relinquishing tenure or a three-year extendable contract, a one-time addition to the base salary equivalent to 6% of the faculty member’s salary on the effective date of their appointment relinquishment, September 16 or January 1. For example, a faculty member relinquishing their appointment on September 16 will have 6% of their preceding January 1 salary added to what they would have normally received on September 16 had they not relinquished their appointment. A faculty member relinquishing their appointment on January 1 will have 6% of their preceding September 16 salary added to what they would have normally received on January 1 had they not relinquished their appointment.
Appointment Relinquishment Incentive for faculty relinquishing tenure or a three-year extendable contract, a one-time addition to the base salary equivalent to 6% of the faculty member’s salary on the effective date of their appointment relinquishment, September 16 or January 1. For example, a faculty member relinquishing their appointment on September 16 will have 6% of their preceding January 1 salary added to what they would have normally received on September 16 had they not relinquished their appointment. A faculty member relinquishing their appointment on January 1 will have 6% of their preceding September 16 salary added to what they would have normally received on January 1 had they not relinquished their appointment. Subsequent Salary Adjustments: after having entered into an agreement for relinquishment and for the duration of fixed term employment, the faculty member will continue to receive salary adjustments just as all other faculty.