Common use of Degree Compensation Clause in Contracts

Degree Compensation. 1. MBUs completing requirements for a Master’s or Doctoral degree must submit official transcripts reflecting the awarding of said degree no later than November 1 of the contract year in order to receive the full amount of the stipend (pro-rated per FTE). Requirements for said degree must be completed prior to the start of the contract year. In the event a MBU completes the requirements after the start of the contract year, the MBU may still submit the appropriate documentation and will receive a pro-rated amount of the education stipend (pro-rated per FTE). The education stipend will be prorated to the pay period in which the official transcripts are submitted.

Degree Compensation. 1. MBUs completing requirements for a Master’s or Doctoral degree must submit official transcripts reflecting the awarding of said degree no later than November 1 of the contract year in order to receive the full amount of the stipend (pro-rated per FTE). Requirements for said degree must be completed prior to the start of the contract year. In the event a MBU completes the requirements after the start of the contract year, the MBU may still submit the appropriate documentation and will receive a pro-rated amount of the education stipend (pro-rated per FTE). The education stipend will be prorated to the pay period in which the official transcripts are submitted. 2. a. MBU who currently receive a Master’s degree stipend or attain a Master’s degree (or equivalent for OT/PTs) will earn an additional $2,000 (or pro-rated amount) in compensation above their placement on the salary schedule.