Common use of Associate Academic Employee Increment Funding Clause in Contracts

Associate Academic Employee Increment Funding. 1. All partial increment increases negotiated in this Agreement (Section B.1.a. and b.) shall be treated as deferred compensation retroactive to July 1, 2016. See Appendix C Memorandum of Understanding, dated December 7, 2016: a. Funding for one-half (1/2) step increment increase plus funds saved from a one-third (1/3) reduction in sabbatical funding used for a partial increment increase based on a weighted average of increments lost; and, b. Funding for one-half (1/2) step increment increase. 2. Faculty Incentive Plan (FIP). In addition to any legislative funding, future partial increments will be funded as stated and measured by the Target Performance Formula defined in Article I (Full-Time Academic Employees) Section B.

Associate Academic Employee Increment Funding. 1. All partial increment increases negotiated in this Agreement (Section B.1.a. and b.) shall be treated as deferred compensation retroactive to July 1, 2016. See Appendix C Memorandum of Understanding, dated December 7, 2016: a. Funding for one-half (1/2) step increment increase plus funds saved from a one-third (1/3) reduction in sabbatical funding used for a partial increment increase based on a weighted average of increments lost; and, b. Funding for one-half (1/2) step increment increaseincrementincrease. 2. Faculty Incentive Plan (FIP). In addition to any legislative funding, future partial increments will be funded as stated and measured by the Target Performance Formula defined in Article I (Full-Time Academic Employees) Section B.