Common use of Equity Increases Clause in Contracts

Equity Increases. Effective December 16, 2016, for the 2016-2017 year, the 56 University shall provide an amount equal to one-fifth of one percent (0.20%) of the total base salary 57 of all E&G employees as of August 12, 2016 to all regular, clinical, research, non-visiting 58 employees whose August 12, 2016, 1.0 FTE base salary was less than $45,000 for those with a 59 Ph.D. or equivalent terminal degree, or less than $42,000 for all others or whose 12-month salary 60 was less than $60,000 for those with a Ph.D. or equivalent degree or less than $56,000 for all others. 61 Equity increases shall be distributed proportionately to the difference between the employee’s 62 August 12, 2016 salary and the thresholds above.

Equity Increases. Effective December 16, 2016, for the 2016-2017 year, the 56 University 54 shall provide an amount equal to one-fifth of one percent (0.20%) of the total base salary 57 of all E&G 55 employees as of August 12, 2016 to all regular, clinical, research, non-visiting 58 employees whose August 56 12, 2016, 1.0 FTE base salary was less than $45,000 for those with a 59 Ph.D. or equivalent terminal degree, 57 or less than $42,000 for all others or whose 12-month salary 60 was less than $60,000 for those with a Ph.D. 58 or equivalent degree or less than $56,000 for all others. 61 Equity increases shall be distributed 59 proportionately to the difference between the employee’s 62 August 12, 2016 salary and the thresholds 60 above.

Equity Increases. Effective December 16, 2016, for the 2016-2017 year, the 56 57 University shall provide an amount equal to one-fifth of one percent (0.20%) of the total base salary 57 58 of all E&G employees as of August 1212December 16, 2016 to all regular, clinical, research, non-non- 59 visiting 58 employees whose August 1212December 16, 2016, 1.0 FTE base salary was less than $45,000 60 for those with a 59 Ph.D. or equivalent terminal degree, or less than $42,000 for all others or whose 12-12- 61 month salary 60 was less than $60,000 for those with a Ph.D. or equivalent degree or less than $56,000 62 for all others. 61 Equity increases shall be distributed proportionately proportionatelyl to the difference between the 63 employee’s 62 August 1212December 16, 2016 salary and the thresholds above.

Equity Increases. Effective December 16, 2016, for the 2016-2017 year, the 56 University shall provide an amount equal to one-fifth of one percent (0.20%) of the total base salary 57 of all E&G employees as of o August 12, 2016 to all regular, clinical, research, non-visiting 58 employees whose August 12, 2016, 1.0 FTE base salary was less than $45,000 for those with a 59 Ph.D. or equivalent terminal degree, or less than $42,000 for all others or whose 12-month salary 60 was less than $60,000 for those with a Ph.D. or equivalent degree or less than $56,000 for all others. 61 Equity increases shall be distributed proportionately to the difference between the th employee’s 62 August 12, 2016 salary and the thresholds above.