Protected Salary Rates A. The Employer shall continue the current salary rate protection program for the duration of this Agreement.
Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.
Normal Retirement Date The date on which the Executive attains age sixty-five (65).
Salary Rate on Demotion When an employee is demoted the employee shall receive the rate for the position if a single salary. If a salary range is established, the maximum reduction shall be the closest step to 8%, but where the differential between the employee's salary before demotion and the maximum salary of the lower position is greater than 8%, the new salary shall be the maximum of the new position.
Salary Rate The annual salary for regular faculty will be prorated according to the established workload for the academic year.