Lump Sum Payment in Lieu of Step. A faculty member who, during the 2018-2019 academic year, was employed at least one (1) semester (fall and/or spring), and paid according to the salary schedule shall, effective January 1, 2020 receive a single lump- sum payment of fifteen hundred dollars ($1500.00) in lieu of the progression step described in Subd. 2.A., above, if the faculty member is employed for spring semester 2020, at the top step of the faculty member’s respective salary column, and paid according to the salary schedule.
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Sources: Master Agreement, Master Agreement