ARTICLE EIGHT SALARIES Section 8.0 1997-98 Salaries Effective with the 1997-98 appointment year, each full- time member of the bargaining unit (including anyone on phased retirement) who was employed on April 30, 1997, as a full-time member of the bargaining unit: Subdivision 8.01 Percentage Increase Shall receive a two point one four percent (2.14%) salary increase, to be added to her/his base salary for the appointment year 1997-98. Subdivision 8.02 Incremental Increase Shall receive a three hundred fifteen ($315) salary increase, to be added to her/his base salary for the appointment year 1997-98 prior to any promotional increase or increase provided by Subdivision 8.05. Subdivision 8.03 Individual Adjustment Increase Effective with the 1997-98 appointment year, the full- time faculty members of the bargaining unit who were employed on April 30, 1997, as full-time members of the bargaining unit shall receive an average increase of five hundred seventy-three dollars ($573) per full-time faculty member, which money the Board may use, at its discretion, for individual salary adjustments (including merit increases, adjustments for market conditions and promotions), the distribution of which shall not be subject to the grievance procedure. The United Faculty shall be provided, as soon as reasonably practicable, a list of the recipients and amounts of individual adjustment awards. Subdivision 8.04 Minimum Salaries by Rank For the 1997-98 appointment year all full-time members of the bargaining unit shall receive at least the amount listed on Appendix A for zero years in her/his rank.