Common use of Financial Clause in Contracts

Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the employer has signed a contract for the next school year he/she shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her second year of re-employment with the District.

Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the andthe employer has signed a contract for the next school year he/she shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her second year of re-employment with the District.

Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the employer has signed a contract for the next school year he/she they shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her their second year of re-employment with the District.

Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the andthe employer has signed a contract for the next school year he/she they shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her their second year of re-employment with the District.

Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the employer has signed a contract for the next school year he/she they shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her second year of re-employment with the District.