Common use of Merit Value Clause in Contracts

Merit Value. Each faculty member in the department who has a positive merit score will be given a merit value. The merit value is equal to the merit score multiplied by the faculty member’s annual salary (e.g., nine month salary for nine month appointments; twelve month salary for twelve month appointments), including 2003-04 promotion pay increases and the December 1, 2003 across the board pay increase. For example, if Faculty member Doe had a salary of $50,000, and a merit score of 1.4, Doe’s merit value would be 70,000.

Merit Value. Each faculty member in the department who has a positive merit score will be given a merit value. The merit value is equal to the merit score multiplied by the faculty member’s annual salary (e.g., nine month salary for nine month appointments; twelve month salary for twelve month appointments), including 20032006-04 07, 2007- 08, 2008-09, and 2009-10 promotion pay increases and the December 1, 2003 across the board pay increaseincreases. For example, if Faculty member Doe had a salary of $50,000, and a merit score of 1.4, Doe’s merit value would be 70,000.

Merit Value. Each faculty member in the department who has a positive merit score will be given a merit value. The merit value is equal to the merit score multiplied by the faculty member’s annual salary (e.g., nine month salary for nine month appointments; twelve month salary for twelve month appointments), including 20032004-04 05 promotion pay increases and the December 1, 2003 across the board pay increaseincreases. For example, if Faculty member Doe had a salary of $50,000, and a merit score of 1.4, Doe’s merit value would be 70,000.

Merit Value. Each faculty member in the department who has a positive merit score will be given a merit value. The merit value is equal to the merit score multiplied by the faculty member’s annual salary (e.g., nine month salary for nine month appointments; twelve month salary for twelve month appointments), including 2003any 2004-04 05 promotion pay increases and the December 1, 2003 across the board pay increaseincreases. For example, if Faculty faculty member Doe had a salary of $50,000, and a merit score of 1.4, Doe’s merit value would be 70,000.