Early Withdrawal Policy Sample Clauses

Early Withdrawal Policy. The Board of Trustees must make budget decisions prior to the start of each new school year based on a projected number of families expected to attend the school. Staffing needs are then determined and met, and contracts are signed, etc., thus cementing financial obligations for the school for the coming school year based on these projections. Therefore, although students may decide to withdraw, the school’s financial obligations remain. Withdrawal from the school has a direct negative effect on our expected income stream, and therefore our ability to operate a financially viable school. This is why the industry standard for tuition-dependent schools is that payment of tuition for the entire school year is required of all families, including in the event of withdrawal. In order to follow through on our ability to pay staff and teachers, and operate the school according to a balanced budget, this new policy effective and beginning with the 2024-2025 school year, and the 2024 spring registration season for this upcoming school year, and moving forward, shall be as follows: Full payment of tuition for the entire school year shall be required, including in the event of a student’s withdrawal occurring after July 1st of the coming school year.
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Early Withdrawal Policy. We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal, we are permitted to charge you an early withdrawal penalty, regardless of the length of time the funds withdrawn have remained in the Account. The early withdrawal penalty applicable to your CD is explained in the Deposit Account Disclosure or the BMO Business Service Fee Schedule.
Early Withdrawal Policy. Families withdrawing from St. Mary’s School from August 1, 2018 through December 14, 2018 are asked to provide the school office with written notice of withdrawal, 30 days before student’s last day. In the absence of this notification, an administrative charge of one-month tuition will be applied. Students who withdraw from the school after December 14, 2018 are responsible for payment for the entire school year. Registration deposits and workbook and activity fees are non-refundable. I/WE AGREE TO PAY THE 2018-2019 TUITION VIA THE OPTION CHOSEN ABOVE Father/Guardian Signature Date
Early Withdrawal Policy. We want to be sensitive to the financial stress on every family during this time of COVID and uncertainty. Since so many have asked about the policy, we are stating it here for your information. • St. Wenceslaus School carefully budgets for how many students will be in attendance during each school year. The school fiscal year runs from July 1 to June 30. When a student is withdrawn from school after July 1 to the end of a contract year, a hardship is presented to our school community. With that in mind, the following payment schedule shall be adhered to: • Prior to September 30 – 25% of the total tuition and fundraising commitment is payable to school. • Prior to November 15 – 50% of the total tuition and fundraising commitment is payable to school. • Prior to January 15– 75% of the total tuition and fundraising commitment is payable to school. • After January 15 – 100% of the total tuition and fundraising commitment is payable to school. ****Please note that if school starts out face to face and transitions into distance learning for a short time or a longer period, the school is ready to provide a full distance learning program and the above policy will remain in place for K-8 students. This Registration/Tuition Contract is due no later then March 15, 2022. By signing below I agree to make tuition/fundraising payments for the 2022 – 2023 school year and follow the fundraising requirements with all tuition/fundraising paid in full by April 30, 2023. Signature Date ST. WENCESLAUS SCHOOL INFORMATION & POLICIES 2022/2023 ADMISSION POLICY Registration for enrolling your child/ren at St. Wenceslaus School for the upcoming year begins in February. A non-refundable registration fee of $50 for each student will be required at the time of registration through March 15th. After March 15th a non-refundable registration fee of $100 for each student is required. The registration fee does not go towards your tuition. Kindergarten – 8th grade Class Sizes Class sizes for grades K - 8 will be determined by the School Advisory Board and Principal based on enrollment registrations. Consideration will be given to special circumstances (i.e. students w/special needs, space requirement, etc.). Class sizes may vary at different grade levels and within the grade level.
Early Withdrawal Policy. We want to be sensitive to the financial stress on every family during this time of COVID and uncertainty. Since so many have asked about the policy, we are stating it here for your information. ● St. Wenceslaus School carefully budgets for how many students will be in attendance during each school year. The school fiscal year runs from July 1 to June 30. When a student is withdrawn from school after July 1 to the end of a contract year, a hardship is presented to our school community. With that in mind, the following payment schedule shall be adhered to: ● Prior to September 30 – 25% of the total tuition and fundraising commitment is payable to school. ● Prior to November 15 – 50% of the total tuition and fundraising commitment is payable to school. ● Prior to January 15– 75% of the total tuition and fundraising commitment is payable to school. ● After January 15 – 100% of the total tuition and fundraising commitment is payable to school. ****Please note that if school starts out face to face and transitions into distance learning for a short time or a longer period, the school is ready to provide a full distance learning program and the above policy will remain in place for K -8 students. This Registration/Tuition Contract is due no later than March 15, 2021. By signing below I agree to make tuition/fundraising payments for the 2021 – 2022 school year and follow the fundraising requirements with all tuition/fundraising paid in full by April 30, 2022. Signature Date

Related to Early Withdrawal Policy

  • Early Withdrawal Penalty When you open a CD, you agree to keep the principal on deposit with us for the term that you have selected. We will impose a substantial penalty if we permit you to withdraw any principal before the maturity date. The early withdrawal penalty will be one-half (½) the interest that would be due on the CD over the entire term of the CD, regardless of the length of time the funds remained on deposit, subject to the following limits. The minimum penalty is 7 days simple interest. The maximum penalty is 270 days of compound interest. It is possible that all or part of the penalty will be deducted from principal. No early withdrawal penalty will be assessed if the withdrawal is made because of your death or a court determination of your legal incompetence. We require proof of death or incompetence before an early withdrawal penalty is waived.

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:

  • Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:

  • No Withdrawal No Person shall be entitled to withdraw any part of such Person’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided in this Agreement.

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