Vacation Pay for short term appointments All short-term faculty and faculty assistant appointments that are offered for a period equal to or greater than 6 months will have vacation pay calculated at 16% for faculty, and 12% for faculty assistants. In the event that the short-term appointment is extended beyond six months, the vacation pay will be calculated and paid from the first day of the extension beyond 6 months and for the duration of the extension. Vacation calculations for the initial appointment will be adjusted and paid retroactively.