Common use of Educational Incentive Program Clause in Contracts

Educational Incentive Program. The Educational Incentive Program shall equate to a maximum of three (3) one-salary range differential increases on the Bargaining Unit Member(s) Salary Schedule for each Bargaining Unit Member who completes the requirements of the Educational Incentive Program. Definition of an increase under the Educational Incentive Program: ● The first educational incentive increase is the difference between the employee’s current base salary range and step, and the next higher range and same step. ● The second educational increase is the difference between the employee’s current base salary range and step, and the next two (2) higher ranges and same step. ● The third educational increase is the difference between the employee’s current base salary range and step, and the next three (3) higher ranges and same step. $51,697.50 First $1,291.81 $ 52,989.31 $51,697.50 Second $2,633.78 = ( $1,291.81 + $1,341.97) $ 54,331.28 $51,697.50 Third $3,975.76 = ($1,291.81 + $1,341.97 + $1,341.98) $ 55,673.26

Educational Incentive Program. The Educational Incentive Program shall equate to a maximum of three (3) one-one salary range differential increases on the Bargaining Unit Member(s) Salary Schedule for each Bargaining Unit Member who completes the requirements of the Educational Incentive Program. Definition of an increase under the Educational Incentive Program: ● • The first educational incentive increase is the difference between the employee’s current base salary range and step, and the next higher range and same step. ● • The second educational increase is the difference between the employee’s current base salary range and step, and the next two (2) higher ranges and same step. ● • The third educational increase is the difference between the employee’s current base salary range and step, and the next three (3) higher ranges and same step. $51,697.50 First $1,291.81 $ 52,989.31 $51,697.50 Second $2,633.78 = ( $1,291.81 + $1,341.97) $ 54,331.28 $51,697.50 Third $3,975.76 = ($1,291.81 + $1,341.97 + $1,341.98) $ 55,673.26