Contract

HOA CONTRACT 2018

ARTICLE IV. COMPENSATION-BENEFITS

SECTION H: PAYMENT TO ENCOURAGE SAVINGS

PARAGRAPH 51

51

The specific payments made in November of each year, will be paid according to the salary schedule that includes the amount for the lump sum, or pro-rated for appointments less than a 100% FTE or for appointment extensions as stated above. These lump sum amounts are calculated on the basis of the stated specific percentage of the annual base salaries, as identified in the salary schedule.