The Employment Policy is amended by replacing Paragraph 2 of Article IV with the following text:
- 2. Annual Reviews. An annual review of salaries and wages shall take place, with adjustments being made to the pay scale as necessary. Notwithstanding the provisions of Article IV, Paragraph 1 of this Policy, the President shall be authorized to approve annual salary and wage increases, which shall not exceed ten percent (10%) of an employee's salary or wages, upon the satisfactory completion of an annual review for each employee. All salary increases shall be contingent upon the availability of sufficient funds.
The following text is not part of the proposed resolution: