Salary Minimums and Maximums Sample Clauses
Salary Minimums and Maximums. In Year 1 of the Agreement, the salary cap for University Lecturers shall be increased to $85,000, and the salary cap for Senior University Lecturer shall be increased to $105,000. The minimum hiring rate for all Lecturer positions, in Years 1 and 2 of the Agreement, shall be no lower than the lowest salary received by a currently employed lecturer during the applicable year. Effective in Year 3 of the Agreement the minimum annual compensation for University Lecturers shall be $50,000 per year, and the minimum annual compensation for Senior University Lecturers shall be $55,000 per year. Individual salary increases above the applicable ranges shall be paid in cash. Minimum and maximum salaries for Lecturers are attached hereto as Appendix H.
Salary Minimums and Maximums. A. If ratified on or before December 31, 2023, effective on January 1, 2024, minimum and maximum salaries in Appendix I will be increased by five percent (5%).
B. Effective January 1, 2025, minimum and maximum salaries in Appendix I will be increased by four percent (4%).
C. Effective January 1, 2026, minimum and maximum salaries in Appendix I will be increased by four percent (4%).