Common use of Commitment Compensation Clause in Contracts

Commitment Compensation. Commitment Stipend: This stipend will be pro-rated on the basis of a staff member’s annual FTE and will not be available to retire-rehire staff. In recognition of years of service provided by certificated staff, a $3,500 stipend will be provided to staff members in year fifteen (15) of experience and beyond. Beginning in 2024-25, certificated staff in years five (5) through fourteen (14) of experience will be provided a $500 stipend.

Appears in 4 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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Commitment Compensation. Commitment Stipend: This stipend will be pro-rated on the basis of a staff member’s annual FTE and will not be available to retire-rehire staff. In recognition of years of service provided by certificated staff, a $3,500 stipend will be provided to staff members in year fifteen (15) of experience and beyond. Beginning in 2024-25, certificated staff in years five (5) through fourteen (14) of experience will be provided a $500 stipend.

Appears in 3 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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