Common use of Incentive Award Programs Clause in Contracts

Incentive Award Programs. If in-state, undergraduate tuition increases of 3.0% or more over Fall 2007 levels take effect for the Spring 2008 semester, then Incentive Award Programs shall be implemented as set forth in Paragraphs (a) through (c) below, to recognize and promote employee faculty excellence and productivity that respond to and support the mission of the University of Central Florida. All 20067-20078 Incentive Awards shall be made using the procedures, standards, and criteria used for the 20046-20057 Incentive Awards programs, modified only to reflect date changes and the requirements of this section. The president shall give the final approval for awards to the successful employees. Regardless of the contract length (9 months through 12 months), award recipients shall receive a $5,000 increase to their base salary retroactive to the start of the employee’s contract for the academic year in which the award was given. An employee shall be eligible to apply for one or more of these awards provided that he is in his fifth sixth or higher year of University employment and meets any specific requirements described in this section below. No employee shall win a particular award more frequently than once every five years. For awards allocated to individual colleges, colleges with fewer than 25 employees shall will be grouped into one unit for the purposes of allocating awards and making award decisions. All colleges shall will follow the same application process and use the same standards and criteria for making award decisions as determined by the Faculty Senate.