Common use of Overload Stipend Clause in Contracts

Overload Stipend. Compensation for extra duties performed by the Department Chair (or - designee) shall be in the form of an overload stipend calculated as one half (½) of the annual amount of the reassigned time for that Department, multiplied by the individual’s hourly lab rate. That is, a Chair with forty percent (40%) (or twelve (12) LHE) reassigned time during the regular year would be paid the equivalent of 6 LHE or two laboratory classes. Three (3) LHE will be paid on the first paycheck in the fall and three (3) LHE will be paid on the first paycheck in the spring.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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