Common Contracts
1 similar Compensation Agreement contracts
MEMORANDUM OF UNDERSTANDING (MOU)1 COMPENSATION AGREEMENT FOR THE CHAIR & VICE CHAIR OF THECompensation Agreement • April 18th, 2024
During each of the two years of service, the Academic Council chair and vice chair will receive a stipend equivalent to the compensation that would result from conversion of their nine-month faculty salary at the appropriate rank and step (including any off-scale component) to a fiscal-year salary, plus an additional 1/9 of their nine-month salary. If an appointee is already on a fiscal-year appointment, they will retain their appointment and receive an annual stipend of 1/9 of the equivalent nine-month salary for their rank and step (including any off-scale component). The stipends will be paid in equal monthly installments over the 24-month service period. Additionally, the Academic Council chair and vice chair may receive a per diem living allowance when warranted.
