Daily Rate Definitions

Term Definition
Daily Rate The quarterly rate divided by the number of "working days" in the academic quarter under consideration.
Day of Absence Any working day for which payment must be deducted because of absence.
Monthly Rate The rate of monthly salary payments for the appointment.
Quarterly Rate The annual salary of an academic year (9 month) appointee divided by three.
Pay Period The pay period is based on calendar months, 3 months per quarter for faculty paid over 9 months (9/9) or 4 months for faculty paid over 12 months (9/12).
Service Period The service period is based on the quarterly Academic and Administrative Calendar from the date the quarter begins to the date the quarter ends.
Working Days For purposes of computing pay, working days consist of all Mondays, Tuesdays, Wednesdays, Thursdays, and Fridays, including holidays occurring on any of those days, which fall between the beginning and ending dates of the service period of an academic appointment.