Common use of Letter of Understanding: Department Heads Compensation Clause in Contracts

Letter of Understanding: Department Heads Compensation. The College of the Rockies (the College) and the College of the Rockies Faculty Association (CORFA) agree that the following provision will apply to department heads and to the Chair, Academic Innovation and Applied Research for the term of this collective agreement. As Department Head or Chair, Academic Innovation and Applied Research, a faculty member will receive an annual stipend spread over 12 months of: • April 1, 2014 $5,538; • April 1, 2015¹ $5,593; • February 1, 2016¹ ² ³ Economic Stability Dividend (ESD) increase • April 1, 2016¹ ³ One-half of one percent (0.5%) increase • February 1, 2017¹ ² ³ One percent plus ESD increase • April 1, 2017¹ ³ One-half of one percent (0.5%) increase • February 1, 2018¹ ² ³ One percent plus ESD increase • April 1, 2018¹ ³ One-half of one percent (0.5%) increase • February 1, 2019¹ ² ³ One percent plus ESD increase 1The first day of the first full pay period after this date. For April 1, 2015, the first day of the first full pay period after this date or the first day of the first full pay period after the date of tentative settlement of the collective agreement (whichever is later). 2See the Memorandum of Understanding on the Economic Stability Dividend (ESD) in the 2014-2019 Faculty Common Agreement. Amount may be adjusted depending on the ESD. 3Amounts to be determined depending on the ESD. Her/his vacation entitlement will be 6 weeks and s/he will be entitled to scheduled professional development time of up to 10 days per year (the topic(s) of such professional development requires the approval of the Faculty PD Committee and the immediate supervisor). Vacation and professional development time will be scheduled by her/his supervisor in consultation with the Department Head.

Letter of Understanding: Department Heads Compensation. The College of the Rockies (the College) and the College of the Rockies Faculty Association (CORFA) agree that the following provision will apply to department heads and to the Chair, Academic Innovation and Applied Research for the term of this collective agreement. As Department Head or Chair, Academic Innovation and Applied Research, a faculty member will receive an annual stipend spread over 12 months ofmonths: • April 1, 2019 $7,000 • April 1, 2020 $7,140 • April 1, 2021 $7,283 • April 1, 2014 $5,538; • April 1, 2015¹ $5,593; • February 1, 2016¹ ² ³ Economic Stability Dividend (ESD) increase • April 1, 2016¹ ³ One-half of one percent (0.5%) increase • February 1, 2017¹ ² ³ One percent plus ESD increase • April 1, 2017¹ ³ One-half of one percent (0.5%) increase • February 1, 2018¹ ² ³ One percent plus ESD increase • April 1, 2018¹ ³ One-half of one percent (0.5%) increase • February 1, 2019¹ ² ³ One percent plus ESD increase 1The first day of the first full pay period after this date. For April 1, 2015, the first day of the first full pay period after this date or the first day of the first full pay period after the date of tentative settlement of the collective agreement (whichever is later). 2See the Memorandum of Understanding on the Economic Stability Dividend (ESD) in the 2014-2019 Faculty Common Agreement. Amount may be adjusted depending on the ESD. 3Amounts to be determined depending on the ESD. Her/his vacation entitlement will be 6 weeks and s/he will be entitled to scheduled professional development time of up to 10 days per year (the topic(s) of such professional development requires the approval of the Faculty PD Committee and the immediate supervisor). Vacation and professional development time will be scheduled by her/his supervisor in consultation with the Department Head.