Common use of Promotion Payments Clause in Contracts

Promotion Payments. Upon promotion to a higher rank, a Core Faculty member’s annual salary rate will be raised to the minimum for the new rank or will be raised by $5,000, whichever is greater.

Promotion Payments. Upon promotion to a higher rank, a Unit Core Faculty member’s annual salary rate will be raised to the minimum for the new his/her rank or will be raised by $5,000the following amount, whichever is greater.: a. From Instructor to Assistant Professor: $2,500 b. From Assistant Professor to Associate Professor: $5,000 c. From Associate Professor to Professor: $5,000