Limited Term Contract definition
Examples of Limited Term Contract in a sentence
In circumstances where the University takes steps to bring to an end the Limited Term Contract earlier than the originally agreed to terminal date of the LTF contract, the Limited Term Faculty member shall be entitled to the benefits of the notice period set out in Article 24.B.1 (a) and, in addition, a severance payment.
If the Employer receives notice after February 1 that the work will no longer be encumbered, then the deadline for notice to VIUFA is the following February 15 at the latest and the Limited Term Contract instructor will be offered a one year extension of their contract.
This does not apply to a Teacher(s) on a Limited Term Contract who are replacing a Teacher on leave for a duration of three (3) months or less.
Report B will include employee names, salary step, department, employment status (Continuing, Tenured, Tenure-track, Continuing Sessional, Sessional, or Limited Term Contract), rank, initial Continuing or Tenure-track appointment date and new wage start and end date.
From the beginning of the Performance Cycle and until the Performance Units are settled pursuant to Section 8, the Participant’s account will be credited with Dividend Equivalent Rights (without interest and earnings) at the same time, in the same form, and in equivalent amounts as dividends that were declared and paid on Shares during each fiscal quarter of the Performance Cycle.
Where a multi-year Limited Term Contract would serve the mutual needs of the Employer and the Faculty Member.
Limited Term Contracts shall be for three (3) years, with the expiration term of the contract rolling forward one (1) year at the end of each year of the three (3) year term.5 A Limited Term Contract may be terminated prior to its expiration, provided that the Faculty Member is given at least four (4) months’ notice, and all other temporary contracts of shorter duration in the individual’s Program, Division, or Department have been given prior notice of termination.
Contract appointment in the same program for which the member is qualified, and whose performance is deemed satisfactory, the Limited Term Contract member will be given the right of first refusal for that appointment, before the Employer posts the position.
The decision to not reappoint a full-time faculty member employed under a Limited Term Contract or an Annual Contract shall be made by the College President after consideration with the Vice President of Academic Affairs.
Limited Term Contract may be executed for a semester, academic year, or fiscal year and will automatically terminate at the end of the contract.