Off Quarter Contracts Sample Clauses

The Off Quarter Contracts clause defines the terms and conditions governing contracts that do not align with the standard fiscal or calendar quarters. Typically, this clause outlines how such contracts are initiated, managed, and billed, specifying the start and end dates that fall outside the usual quarterly periods. For example, a service agreement might begin in the middle of a quarter and require prorated fees or special reporting periods. The core function of this clause is to ensure clarity and fairness in handling contracts that deviate from standard quarter-based cycles, thereby preventing confusion or disputes over timing and obligations.
Off Quarter Contracts. Faculty teaching during their off quarter contract shall be paid according to the following formula for assignments of 16.5 ECH or less: (Annual Salary) x 24% x (ECH taught up to 16.5) / 16.5 ECH in excess of 16.5 during the off quarter shall be paid at the part-time teaching rate.