Incentive Compensation for Increase in Enrollment Sample Clauses

Incentive Compensation for Increase in Enrollment a. Contract Year 1: Development of benchmark statistics; therefore, no incentive provided. b. Contract Year 2: Faculty members will receive a 0.1% increase to contract year 2 base salary for every 1% increase in total college-wide credits enrolled from Summer 2019, Fall 2019, Spring 2020 when compared to Summer 2018, Fall 2018, Spring 2019. This payment will be paid on the second pay date of July 2020. Example: If the College generates 30,000 credit hours in Summer 2018, Fall 2018, Spring 2019 and experiences an increase of 2% in credits enrolled in Summer 2019, Fall 2019, Spring 2020, every faculty member will receive an extra lump sum payment of 0.2% of his/her AY19-20 base salary. c. Contract Year 3: Faculty members will receive a 0.1% increase to contract year 3 base salary for every 1% increase in total college-wide credits enrolled from Summer 2020, Fall 2020, Spring 2021 when compared to Summer 2019, Fall 2019, Spring 2020. This payment will be paid on the second pay date of July 2021.