Common use of FACULTY DEVELOPMENT FUND Clause in Contracts

FACULTY DEVELOPMENT FUND. ‌ Each Faculty Member can use up to $1,850 Development and Renewal Funds for professional growth for each year of this Contractual Agreement for job related professional development that improves or develops their job related skills including professional memberships and associations, and professionally related periodical subscriptions, (excluding collective bargaining memberships and associations). With prior approval of the ▇▇▇▇ or designee, the Faculty Development and Renewal Funds may be used for: • reimbursement of tuition* and fees, • conference registrations, • COD Business Solutions seminars, • other professional growth activities, and/or • effective August 2012, up to $600 per year (of the $1850) to reimburse pre-approved travel related expenses in accordance with College travel policies. *If faculty Development and Renewal Funds are used for tuition and course related fees, the course(s) cannot be used to meet range change eligibility requirements. For any Faculty Member who terminates employment during the life of this Contractual Agreement, the total available allocation will be based upon the length of service by the Faculty Member during the Contractual Agreement. Any excess of funds used, minus those allocated, will be deducted on the Faculty Member's final paycheck(s).