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Competitive offer response letter

Dear ________:

In recognition of your value to the University and the need to retain you at the University of Washington, the Dean has authorized me to make the following offer to you. Currently your annual salary is $________ ($_____ per month for ___ months). Effective ________, we will increase your annual salary to $________ ($_____ per month for ___ months). Note that this figure includes any increases that may be authorized by the legislature between now and the effective date of this offer.

You are a greatly valued colleague. I sincerely hope that this offer will convince you to stay with us at the University of Washington. I look forward to receiving your written response to this offer by _________.