Calculation of Retroactive Compensation to Part-Time Faculty for Parity Funds Sample Clauses

Calculation of Retroactive Compensation to Part-Time Faculty for Parity Funds. To calculate retroactive compensation, divide the fiscal year allocation by the total hours worked by all part-time faculty members in regular assignments during that year. The result is an hourly rate. Each part- time faculty member shall receive retroactive compensation equal to the hourly rate multiplied by the total hours that the faculty member worked in regular assignments during that year. “
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