Common use of Salary Inversion Adjustments Clause in Contracts

Salary Inversion Adjustments. Salary inversions that arise from promotions, other than from those exempted faculty, shall be adjusted as follows: Adjustment = 100% of salary difference + $100 for each year in rank up to a maximum of five (5) years in rank. It is understood this scheme might lead to excessive adjustments, and limits on the overall award may be necessary.

Appears in 13 contracts

Samples: nmu.edu, nmu.edu, nmuaaup.org

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.