FY 15 Increases Sample Clauses

FY 15 Increases a. Across-the-board Increases. For FY 15, each faculty member employed by the University on February 1, 2014 and still employed in the bargaining unit on July 1, 2014, shall receive an across-the-board salary increase of 1.125% added to his or her FY 14 base salary. In addition, an amount of money equal to 1.125% of the total salary dollars payable as of February 15, 2014 to bargaining unit members supported by the General Fund and to those unit members in Extension, excluding those who are not returning to the University for the next academic year, will be distributed and apportioned as a flat dollar amount increase to faculty members who are supported by the General Fund and to those unit members in Extension, proportionate to FTE. The magnitude of the flat dollar increase is dependent upon the number of faculty members eligible for such increase.