SENIOR OFFICER PAY. Senior Officer Pay shall mean a payment based on continuous service paid to Officers in addition to their regular wages. An Officer who has ten (10) or more years of continuous service with the University and has completed the eligibility requirements shall receive two (2) percent of their hourly wage rate paid half on December 1 and half on June 1. (An annual basis of 2,080 hours will be used in determining payment, and the payments will not be added to base pay.) Officers who for any reason terminate employment with the University prior to June 1 or December 1 shall not receive Senior Officer Pay. An Officer absent due to a Leave of Absence shall receive Senior Officer pay on a prorated time basis for time worked.
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