CALCULATION RESTRICTIONS Sample Clauses

CALCULATION RESTRICTIONS. Restrictions on all salary ranges, (Bachelor's, Master's, Educational Specialist, and Doctoral) shall be as follows:
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CALCULATION RESTRICTIONS i. In all salary ranges, (Bachelor's, Master's, Educational Specialist, and Doctoral), credit hours used for salary determination must not have previously been used to calculate salary. Credit hours used for salary determination must have been obtained after the date the preceding degree was earned as evidenced by the official college transcript. The maximum number of credit hours that may be submitted for salary advancement shall not exceed 18 in any single contract year.
CALCULATION RESTRICTIONS. In all salary ranges, (Bachelor's, Master's, Educational Specialist, and Doctoral), credit hours used for salary determination must not have previously been used to calculate salary. Credit hours used for salary determination must have been obtained after the date the preceding degree was earned as evidenced by the official college transcript. Xxxxxxxx X (continued) Schedule of Payments - Voluntary Separation Program An eligible employee who has been approved by the Board for participation in the Voluntary Separation Program shall receive a total benefit equal to the lesser of: (1) his or her final salary times years of credited service times the salary factor indicated in the table below; or (2) $20,000 per year. The total benefit shall be divided into equal monthly payments as indicated in the table below: Year of Plan Eligibility Total Benefit Formula Number of Equal Monthly Payments 1 Salary x Years x .070 60 2 Salary x Years x .060 60 3 Salary x Years x .050 60 4 Salary x Years x .030 60 5 Salary x Years x .010 60
CALCULATION RESTRICTIONS. In all salary ranges, (Bachelor's, Master's, Educational Specialist, and Doctoral), credit hours used for salary determination must not have previously been used to calculate salary. Credit hours used for salary determination must have been obtained after the date the preceding degree was earned as evidenced by the official college transcript. Appendix E Schedule of Payments - Voluntary Separation Program (2012-13) An eligible employee who has been approved by the Board for participation in the Voluntary Separation Program shall receive a total benefit equal to his or her final salary times years of credited service times the salary factor indicated in the table below. The total benefit shall be divided into equal monthly payments as indicated in the table below: Year of Plan Eligibility Total Benefit Formula Number of Equal Monthly Payments 1 Salary x Years x .070 60 2 Salary x Years x .065 60 3 Salary x Years x .060 60 4 Salary x Years x .055 60 5 Salary x Years x .050 60 6 Salary x Years x .045 60 7 Salary x Years x .040 48 8 Salary x Years x .035 36 9 Salary x Years x .025 24 10 Salary x Years x .015 12

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