Faculty Administrative Stipends Clause Samples

Faculty Administrative Stipends. Stipends currently in place for faculty administrative positions that are occupied by employees covered by this Agreement shall be increased as follows: 12.6.1 Effective the first day of the first full pay period after April 1, 2015 or the first day of the first full pay period after the date of tentative settlement of the collective agreement (whichever is later): one percent (1%). The Parties agree that retroactive adjustment will apply in the case of a tentative settlement on or before September 1, 2015. After that date there will be no retroactive adjustment. 12.6.2 Effective the first day of the first full pay period after February 1, 2016: Economic Stability Dividend*. 12.6.3 Effective the first day of the first full pay period after April 1, 2016: one-half of one percent (0.5%). 12.6.4 Effective the first day of the first full pay period after February 1, 2017: one percent (1%) plus Economic Stability Dividend*. 12.6.5 Effective the first day of the first full pay period after April 1, 2017: one-half of one percent (0.5%). 12.6.6 Effective the first day of the first full pay period after February 1, 2018: one percent (1%) plus Economic Stability Dividend*. 12.6.7 Effective the first day of the first full pay period after April 1, 2018: one-half of one percent (0.5%). 12.6.8 Effective the first day of the first full pay period after February 1, 2019: one percent (1%) plus Economic Stability Dividend*.