CONTRACTS AND COMPENSATION PLANS Sample Clauses
The "Contracts and Compensation Plans" clause defines the terms under which employment contracts and related compensation structures are established and managed within an organization. It typically outlines the process for creating, modifying, or terminating employment agreements, and specifies how salaries, bonuses, commissions, or other forms of compensation are determined and adjusted. This clause ensures that both the employer and employees have a clear understanding of their contractual and financial arrangements, thereby reducing misunderstandings and disputes regarding pay and employment terms.
CONTRACTS AND COMPENSATION PLANS. The Board of Education recognizes that attractive compensation plans -- which include adequate base salary, professional growth incentives and teacher benefits – are necessary to attract and hold highly qualified men and women to administer its schools and provide for an effective instructional program. Individual teacher contracts shall be issued pursuant to agreements made during teacher discussions. The Board of Education shall have final authority in determining the salary schedule and benefits for all teachers in the district. Teacher contracts shall be in writing, including the consideration, and shall be dated when made. All consideration and performance shall be provided after the contract is executed. In accordance with the law, individual contracts will be issued to all certified teachers. Teachers' contracts shall be made by order of the Board of Education, shall specify the number of months school is to be taught and annual salary, and shall be signed by the teacher and president of the Board of Education or a facsimile signature of the president may be affixed at his or her direction, and attested by the secretary by signature of facsimile. Every contract and modification shall be in duplicate, the original to be filed with the district, and a copy provided to the teacher.
CONTRACTS AND COMPENSATION PLANS. A. All individual contracts with administrators employed by the College and covered by conditions of employment shall be in writing and signed by each administrator, and the President of Western Dakota Tech.
B. Such contracts shall be sent to each administrator’s WDT email for their digital signature and returned for processing. The original will be filed in the employee’s personnel file at WDT’s Human Resource office and a copy scanned into their EMS record.
C. Unless otherwise specified in the written contract, the salary shall be paid in twenty-four (24) equal bi-monthly installments.
D. The computation of the administrator’s daily wage shall be determined by dividing their basic salary by the number of contract days stated in the contract.
E. Non-renewals of administrator’s contracts, if applicable, will be in accordance with the contract. (Refer to Appendix B)
▇. If the administrator resigns his/her position before the termination of the school year, they shall be compensated at their daily rate for days worked and prorated vacation leave.