MEMORANDUM OF UNDERSTANDING RE: ARTICLE III - COMPENSATION - SALARY
Salary Agreement, Executed the 22nd day of February, 2011 
Salary, Payment to encourage savings ("Lump Sum Payment") and Healthcare benefit.
The salary component includes a contract and promotional increase. The benefits include the payment to encourage savings (lump), and Health insurance. The contractual salary and lump sum schedules can be found in the tables depicted below. The Health Insurance plan Section A. paragraph's 29-31 will remain in effect for the duration of this contract.
Table 2: House Officer Salary Schedule for July 2011 through June 2014
| Year | 2011 Salary ($) 7/1/2011 |
2011 Lump ($) 11/30/2011 |
2012 Salary ($) 7/1/2012 |
2012 Lump ($) 11/30/2012 |
2013 Salary ($) 7/1/2013 |
2013 Lump ($) 11/30/2013 |
|---|---|---|---|---|---|---|
| HO I | $49150 | $3440 | $50526 | $3537 | $51840 | $3629 |
| HO II | $51778 | $4764 | $53228 | $3726 | $54612 | $3823 |
| HO III | $54448 | $5009 | $55972 | $4758 | $57428 | $4020 |
| HO IV | $57218 | $5264 | $58820 | $5176 | $60349 | $4707 |
| HO V | $60051 | $5525 | $61732 | $5494 | $63337 | $5257 |
| HO VI | $63007 | $5797 | $64771 | $5894 | $66455 | $5715 |
| HO VII | $65852 | $6058 | $67893 | $6178 | $69659 | $6200 |
| HO VIII | $68641 | $6315 | $70769 | $6511 | $72892 | $6633 |
Discretionary Supplemental Payments
In addition to the House Officer salary and payment to encourage savings schedule defined in Table 2, an individual House Officer may be granted additional payments, rewards or reimbursement. Such payments may be used as recognition of a House Officer's professional growth and development and/or contribution in supporting the Health System's goals and interests. This will not be used for recruitment to faculty positions.