Common use of Salary Increases by Mutual Consent Clause in Contracts

Salary Increases by Mutual Consent. The Chancellor's salary is considered to be indefinite and subject to ongoing negotiations with the Board. Accordingly, the Board reserves the right to change the Chancellor's salary at any time during this Agreement with the written consent of the Chancellor. Any change in salary shall not extend the term of this Agreement nor shall it constitute creation of a new Agreement. At the conclusion of each annual evaluation, the parties agree to discuss the Chancellor's compensation and other terms and provisions ofthis Agreement.

Salary Increases by Mutual Consent. The Chancellor's ’s salary is considered to be indefinite and subject to ongoing negotiations with the Board. Accordingly, the Board reserves the right to change the Chancellor's ’s salary at any time during this Agreement with the written consent of the Chancellor. Any change in salary shall not extend the term of this Agreement nor shall it constitute creation of a new Agreement. At the conclusion of each annual evaluation, the parties agree to discuss the Chancellor's compensation and other terms and provisions ofthis of this Agreement.

Salary Increases by Mutual Consent. The Chancellor's salary is considered to be indefinite and subject to ongoing negotiations with the Board. Accordingly, the Board reserves retains the right to change adjust the Chancellor's ’s annual salary at any time during the term of this Agreement with agreement. Such adjustments shall be in the written consent sole discretion of the Board, but shall not reduce the Chancellor’s annual salary. Any A change in salary shall not constitute the creation of a new contract nor shall it extend the term of this Agreement nor shall it constitute creation of a new Agreement. At the conclusion of each annual evaluation, the parties agree to discuss the Chancellor's compensation and other terms and provisions ofthis Agreement.