Deferred Pay Schedule Sample Clauses

Deferred Pay Schedule. Each unit member shall be paid on the regular pay schedule but shall have the option to be paid on a deferred pay schedule. On the deferred pay schedule, a unit member shall receive twenty (20) biweekly paychecks based upon 1/24 gross salary and the last and twenty-first (21st) paycheck based upon 4/24 of gross annual salary. APPENDIX PRACTICES The staffing ratios agreed to in Article XIV of the agreement are student/teacher ratios used to determine the minimum staffing allocation for each school. However, many other factors, including program considerations, economics and availability of suitable facilities are considered in determining actual staffing allocations. To ensure equity of allocation, the District follows a set of staffing allocation guidelines first developed in October, 1986. These guidelines are reviewed periodically and should be readily available to staff. In the future, the District will follow a process which pro- vides teacher involvement in the review.
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Related to Deferred Pay Schedule

  • Deferred Payments For purposes of this Agreement, “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

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