Dean Jones says:
"Good! One more thing...I would really like you to apply for a large external grant by the end of your first summer at our university. Here's the arrangement: If it gets funded, you will get a significant boost in salary -- to the 99th percentile.
However, if it is not funded, I still want to compensate you for your effort. I am prepared to offer you a one-time bonus that will raise your pay to the equivalent of 1 percentile. Therefore, if your grant is not funded you will get an equivalent of pay at the 92nd percentile.
Therefore, this is the contract package I'd like to offer you:
**THREE guaranteed trips to conferences each year for two years
**$1,400 for software to analyze data
**$19,720 for hardware (i.e., special computer processor and other equipment)
**One graduate research assistant for three years
**A nine-month salary at the 91st percentile
**Required to teach one summer session, which does not count toward your regular, academic-year teaching load
**Three-days-a-week teaching schedule for Fall and two-days-a-week teaching schedule for the following Spring.
**It is understood that all royalties and licensing fees resulting from any commercial by-products of the research will go to the college.
**It is agreed that you will develop a plan, with accompanying instructional materials, so that Eldorado University can start offering short-term courses for executives
**You agree to teach in the Eldorado University Executive Education program over in years 2-4.
**You agree apply for a externally-funded research grant. If the agency funds your proposal, your pay will increase to the 99th percentile. If the agency does NOT fund the proposal, you will get a one-time bonus that is the equivalent of 1 percentile -- which will effectively raise your pay to the 92nd percentile."
Your Response:
1. I accept your kind and generous offer.