Fund. 16.3.1 The Fund will be set at point six of one percent (0.6%) of faculty salary for each institution. 16.3.2 Any monies in the Fund not spent at the end of any fiscal year shall be retained by the employer.
Appears in 23 contracts
Samples: Common Agreement, Common Agreement, Common Agreement
Fund. 16.3.1 The Fund will be set at point six of one percent (0.6%) of faculty salary for each institution. Effective February 1, 2017, the Fund will be set at point seven of one percent (0.7%) of faculty salary for each institution.
16.3.2 Any monies in the Fund not spent at the end of any fiscal year shall be retained by the employer.
Appears in 3 contracts
Samples: Common Agreement, Common Agreement, Common Agreement
Fund. 16.3.1 The Fund will be set at point six seven of one percent (0.60.7%) of faculty salary for each institution.
16.3.2 Any monies in the Fund not spent at the end of any fiscal year shall be retained by the employer.
Appears in 1 contract
Samples: Common Agreement
