Common use of Compensation Options Clause in Contracts

Compensation Options. Compensation for staff development days and the day prior to the beginning of school may be received either as: 1. income, 2. tuition expense paid directly to the college or university of the employee's choice, 3. tuition for approved educational conferences or conventions (paid directly to the conference or convention) or, 4. Tuition payment requests must be submitted by June 30th of the school year following the year in which it is earned. Tuition payments will be processed by calling the Payroll Office. All banked compensation set aside for tuition that is not used shall be paid to the employee and taxed at the usual rate at the end of the period specified above.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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