Common use of Professional Growth Increment Clause in Contracts

Professional Growth Increment. 9.5.3.1 A salary increment is equal to a set of fifteen (15) approved units that lead towards an approved course of study. 9.5.3.2 Each salary increment is worth a $700 fixed but on-going year to year stipend. This stipend shall not be pro-rated for part-time employees. 9.5.3.3 Professional Growth increments shall be effective the first (1st) day of the month following approval by the Committee and the Board of Trustees. 9.5.3.4 An employee can earn no more than four (4) increments (a lifetime cap). 9.5.3.5 Effective 8/31/00, an employee that currently has completed four (4) or more increments will be frozen in the number of increments and the value of each increment will be treated as a fixed stipend. 9.5.3.6 An employee that is in the process of completing an approved increment will have until 8/31/00 to complete the increment and if so completed will be given a fixed stipend equal to five percent (5%) of the employees current base salary. 9.5.3.7 An employee that is in the process of completing an approved increment and does not complete the increment by 8/31/00 will be reimbursed, based on receipts, the cost of books, tuition, fees, lab materials, and other required course material for those units completed by 8/31/00. 9.5.3.8 Increments will not be allowed for professional growth activities where there would be duplication of course work for which a previous award or increment has been granted. 9.5.3.9 Increments are cumulative and will continue as long as the employee remains in the bargaining unit. 9.5.3.10 The effective date to begin earning any increment units is July 1, 1992.