Common use of COMPENSATION PLAN AND PROGRAM Clause in Contracts

COMPENSATION PLAN AND PROGRAM. The following salary increase is for those residents who are employed at University Hospital on the effective date of the increase: 1. There shall be a 3.0% increase to the salaries effective the pay period closest to December 1, 2020 : PGY 1 $ 59,222 PGY 2 $ 63,237 PGY 3 $ 67,108 2. There shall be a 3.0% increase to the salaries effective the pay period closest to September 1, 2021: 3. Chief Resident Annual Supplement will be in the amount of $2300. 4. All incoming Housestaff will be paid a one-time lump sum for attending the Hospital's orientation program including the CIR presentation. The CIR and University Hospital strongly encourage the incoming Housestaff to utilize this money towards the cost of health insurance for the sixty (60) day waiting period. This allowance will be paid in July in the amount of $600 after the Housestaff Officer has completed all necessary university entrance requirements. If legislation is passed that would allow an incoming Housestaff Officer to receive Health Benefits during the first two months of employment with the University Hospital, the hospital will not have to pay the above allowance.

COMPENSATION PLAN AND PROGRAM. The following salary increase is for those residents who are employed at University Hospital on the effective date of the increase: 1. There shall be a 3.0% increase to the salaries effective the pay period closest to December 1, 2020 : PGY 1 $ 59,222 PGY 2 $ 63,237 PGY 3 $ 67,108 67,108 2. There shall be a 3.0% increase to the salaries effective the pay period closest to September 1, 2021: 3. Chief Resident Annual Supplement will be in the amount of $2300. 4. All incoming Housestaff will be paid a one-time lump sum for attending the Hospital's orientation program including the CIR presentation. The CIR and University Hospital strongly encourage the incoming Housestaff to utilize this money towards the cost of health insurance for the sixty (60) day waiting period. This allowance will be paid in July in the amount of $600 after the Housestaff Officer has completed all necessary university entrance requirements. If legislation is passed that would allow an incoming Housestaff Officer to receive Health Benefits during the first two months of employment with the University Hospital, the hospital will not have to pay the above allowance.