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.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
