ANNUAL INCREMENTS - MODE I Clause Samples

ANNUAL INCREMENTS - MODE I. The Board will pay each Faculty member appointed before January 1, 1992, as follows: A. Faculty members will be awarded one increment annually for satisfactory service up to the maximum of step 19 except that: after one year at step 9 the next position will be step 11, after one year at step 11 the next position will be step 13, after one year at step 13 the next position will be step 15, B. 1. Thereafter, an additional increment of $1000.00 shall be awarded on the Faculty member's anniversary date every five years provided the Faculty member's service has been satisfactory since receiving the previous increment.