Common use of Compensation Distribution Pool Clause in Contracts

Compensation Distribution Pool. For the purpose of calculating the amount available in fiscal years FY 22, FY 23 and FY 24 for EAGWIs and merit distributions out of the Compensation Pool as set forth in Article 13, the following procedures will apply: A) taking the totbSalaries of all bargaining unit members as of the first Thursday in April in the preceding fiscal year and B) deducting from that calculated number the totbSalaries of all bargaining unit members hired after December 31st of the preceding fiscal year and the totbSalaries of bargaining unit members participating in the Alternative Bonus Plans (ABP). i) In FY 22, FY 23, and FY 24,, the Compensation Distribution Pool shall be 4.5% of that resulting number or the Distribution Pool Floor, whichever is higher. For the purpose of allocating the Distribution Pool or Distribution Pool floor (if used), the Pool shall be proportionally divided between the SOM and the SODM based upon the ratio of totbSalaries from each used to calculate the Distribution Pool; in this division the EAGWIs for faculty in the ABP will not be considered.

Compensation Distribution Pool. For the purpose of calculating the amount available in fiscal years FY 22, FY 23 23, FY 24 and FY 24 25 for EAGWIs and merit distributions out of the Compensation Pool as set forth in Article 13, the following procedures will apply: A) taking the totbSalaries of all bargaining unit members as of the first Thursday in April in the preceding fiscal year and B) deducting from that calculated number the totbSalaries of all bargaining unit members hired after December 31st of the preceding fiscal year and the totbSalaries of bargaining unit members participating in the Alternative Bonus Plans (ABP). i) In FY 22, FY 23, FY 24, and FY 24,25, the Compensation Distribution Pool shall be 4.5% of that resulting number or the Distribution Pool Floor, whichever is higher. For the purpose of allocating the Distribution Pool or Distribution Pool floor (if used), the Pool shall be proportionally divided between the SOM and the SODM based upon the ratio of totbSalaries from each used to calculate the Distribution Pool; in this division the EAGWIs for faculty in the ABP will not be considered.

Compensation Distribution Pool. For the purpose of calculating the amount available in fiscal years FY 22, FY 23 23, and FY 24 and FY 25 for EAGWIs and merit distributions out of the Compensation Pool as set forth in Article 13, the following procedures will apply: A) taking the totbSalaries of all bargaining unit members as of the first Thursday in April in the preceding fiscal year and B) deducting from that calculated number the totbSalaries of all bargaining unit members hired after December 31st of the preceding fiscal year and the totbSalaries of bargaining unit members participating in the Alternative Bonus Plans (ABP). i) In FY 22, FY 23, and FY 24,, and FY 25, the Compensation Distribution Pool shall be 4.5% of that resulting number or the Distribution Pool Floor, whichever is higher. For the purpose of allocating the Distribution Pool or Distribution Pool floor (if used), the Pool shall be proportionally divided between the SOM and the SODM based upon the ratio of totbSalaries from each used to calculate the Distribution Pool; in this division the EAGWIs for faculty in the ABP will not be considered.