Common use of COUNTEROFFER Clause in Contracts

COUNTEROFFER. A. The University President may approve a salary increase to retain an Employee who has received a bona fide offer of other employment, which the University President has verified with an appropriate official. The Employee’s monthly salary following the effective date of an increase under this paragraph shall not exceed the amount of the monthly starting salary offered to the Employee by the other employer. B. The effective date of the increase provided in paragraph (A) above shall be no sooner than the first day of the Academic Term which immediately succeeds the approval of the counteroffer by the President. C. An Employee shall not be eligible to receive a salary increase under the section on Counteroffer above until the fourth year of full-time employment at the University. An Employee who receives an increase under paragraph (A) above will not be eligible to receive another such increase until the fourth year after a Counteroffer increase. ▇. ▇▇ Employee who receives an increase under the paragraph above shall be eligible for increases specified in the Article in this Agreement on Promotion and the Article on Salary in this Article including the Professional Advancement Increase, Completion of Degree, Equity Adjustment, and Excellence Awards. If the Employee is eligible for an increase under the terms of Counteroffer then the Employee will not be eligible for any increase specified under the terms of the Article on Salary in this Agreement, except as provided below: E. An Employee who receives an increase under Counteroffer above shall be eligible to receive the difference between the increase under Counteroffer above and the increase specified in Article on Salary in this Agreement if: 1. the increase under Counteroffer above is less than the increase specified in the Article on Salary in this Agreement; and 2. the Employee is otherwise eligible for the increase specified in the Article on Salary in this Agreement. F. Each Employee who receives a salary increase under the paragraph on Counteroffer above shall agree to serve at the University for at least four Academic Terms subsequent to the end of the Academic Term in which the increase is received and shall give a judgment note to the University for the amount of the increase, said judgment note to be canceled at the end of the required period of service or at the death or permanent disability of the Employee. G. Within 30 Days after the approval of an increase under the paragraph on Counteroffer above, a report shall be delivered to the Chapter President from the University President. The report shall contain the name of the Employee to be awarded such an increase and a copy of the offer received by the Employee. In the event the offer has not been in writing and if the offer has been from an academic institution, the report shall include the name of the official with whom the University President has verified the offer. H. The approval of or failure to approve an increase under the paragraph on Counteroffer above shall not be subject to the Grievance Procedure in this Agreement. The Union may file a grievance concerning any other aspect of the Article on Additional Compensation in this Agreement. The grievance must be filed within the time limit for filing a grievance specified in the Article on Grievance Procedures in this Agreement.

COUNTEROFFER. A. (a) The University President may approve a salary increase to retain an Employee who has received a bona fide offer of other employment, which the University President has verified with an appropriate official. The Employee’s 's monthly salary following the effective date of an increase under this paragraph shall not exceed the amount of the monthly starting salary offered to the Employee by the other employer. B. (b) The effective date of the increase provided in paragraph (A) a. above shall be no sooner than the first day of the Academic Term which immediately succeeds the approval of the counteroffer by the President. C. (c) An Employee shall not be eligible to receive a salary increase under the section on Counteroffer above until the fourth year of full-time employment at the University. An Employee who receives an increase under paragraph (A) a. above will not be eligible to receive another such increase until the fourth year after a Counteroffer increase. ▇. ▇▇ (d) An Employee who receives an increase under the paragraph above shall be eligible for increases specified in the Article in this Agreement on Promotion and the Article on Salary in this Article including the Professional Advancement Increase, Completion of Degree, Equity Adjustment, and Faculty Excellence Awards. If the Employee is eligible for an increase under the terms of Counteroffer then the Employee will not be eligible for any increase specified under the terms of the Article on Salary in this Agreement, except as provided below: E. (e) An Employee who receives an increase under Counteroffer above shall be eligible to receive the difference between the increase under Counteroffer above and the increase specified in Article on Salary in this Agreement if: (1. ) the increase under Counteroffer above is less than the increase specified in the Article on Salary in this Agreement; and (2. ) the Employee is otherwise eligible for the increase specified in the Article on Salary in this Agreement. F. (f) Each Employee Teaching Professional and Resource Professional who receives a salary increase under the paragraph on Counteroffer above shall agree to serve at the University for at least four Academic Terms subsequent to the end of the Academic Term in which the increase is received and shall give a judgment note to the University for the amount of the increase, said judgment note to be canceled at the end of the required period of service or at the death or permanent disability of the EmployeeTeaching Professional or Resource Professional. G. (g) Within 30 Days after the approval of an increase under the paragraph on Counteroffer above, a report shall be delivered to the Chapter President from the University President. The report shall contain the name of the Employee to be awarded such an increase and a copy of the offer received by the Employee. In the event the offer has not been in writing and if the offer has been from an academic institution, the report shall include the name of the official with whom the University President has verified the offer. H. (h) The approval of or failure to approve an increase under the paragraph on Counteroffer above shall not be subject to the Grievance Procedure in this Agreement. The Union may file a grievance concerning any other aspect of the Article on Additional Compensation in this Agreement. The grievance must be filed within the time limit for filing a grievance specified in the Article on Grievance Procedures in this Agreement.