Common use of ESP and Licensed Account Balances Clause in Contracts

ESP and Licensed Account Balances. Two separate accounts will be maintained within the Bank: one for licensed staff and one for ESP staff. Days donated by Bank members shall be cumulative and the balance in each account shall be carried from one school year to the next. Days withdrawn from the Bank for use by a member will not have to be replaced by that member. If, on September 2 of each year, either account balance of days exceeds 2000 days, continuing members shall not be assessed an additional day in order to continue active membership in the Bank for that school year. If the balance in either Bank falls below 2000 days, each continuing member of that Bank will be assessed one (1) additional day, as defined in 10-3 (b), payable to the Bank as of September 2 of that year.

ESP and Licensed Account Balances. Two separate accounts will be maintained within the Bank: one for licensed staff and one for ESP staff. Days donated by Bank members shall be cumulative and the balance in each account shall be carried from one school year to the next. Days withdrawn from the Bank for use by a member will not have to be replaced by that member. If, on September 2 of each year, either account balance of days exceeds 2000 days, continuing members shall not be assessed an additional day in order to continue active membership in the Bank for that school year. If the balance in either Bank falls below 2000 days, each continuing member of that Bank will be assessed one (1) additional day, as defined in 10-3 4 (b), payable to the Bank as of September 2 of that year.