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.
