Faculty contracts normally cover the academic year of two semesters: Fall and Spring. Faculty members receive their compensation in ten equal payments on the last working day of each month from August through May.
Administrative officers of the University, and certain of their associates and assistants, as well as department heads, are appointed for the full fiscal year. Faculty members whose work requires continuous service may also be employed on this basis. Individuals on fiscal contracts receive his or her compensation in twelve equal installments commencing in July.