INCENTIVE GRANT FORMULA
SALARY CALCULATIONS
Step 1
Academic annual salary $70,104.00
X
FTE* % awarded towards salary from grant 10% =
Portion of Academic Salary charged to grant $7010.40 *8
Step 2
Portion of Academic Salary charged to grant $7010.40
X
Additional % for incentive pay from grant .025***=
Annual Incentive Pay $ 1,752.60
Step 3
Addition to monthly salary $1,752.60
‘/,
Months (9 or 12) 9 =
Amount added to monthly salary $194.73
*Full time employment
** Percentage of annual salary paid from grant.
*** Incentive pay: additional percentage of salary charged to a grant. Incentive pay can equal
up to but not exceed 125% portion of Academic Salary charged to grant.