Retention Fund. 6.01 The University may increase salaries of continuing members of the bargaining unit for the purpose of retention. Any such increase in salary (which may occur at any time of the year) will reflect market considerations where market is disciplinary and/or merit based. In all circumstances, merit of the individual(s) must be demonstrated in market considerations. The total disbursement shall be $600,000 over the two years of the Agreement, with $200,000 to be distributed in the first year (2012-2013), and $400,000 in the second year (2013-2014). The Faculty Association will receive an annual report of any such salary changes and the reasons for them. A list of those faculty members who are awarded retention shall be distributed individually to all members of the unit.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
