Leave Incentive Pay. A teacher on contract for the full school year who uses not more than three (3) days of sick and personal leave during the teacher’s contracted school year shall be compensated after the conclusion of the school year as follows: 1. Use of zero (0) sick and personal leave days - $500 to be deposited into the teacher’s 401(a) Matching Annuity Account. This amount shall not be considered as part of the corporation’s matching contribution. 2. Use of no more than three (3) sick and personal leave days - $300 to be deposited into the teacher’s 401(a) Matching Annuity Account. This amount shall not be considered as part of the corporation’s matching contribution. Incentive payments shall be deposited by August 1.
Appears in 7 contracts
Samples: Contractual Agreement, Contractual Agreement, Contractual Agreement
Leave Incentive Pay. A teacher on contract for the full school year who uses not more than three (3) days of sick and personal leave during the teacher’s contracted school year shall be compensated after the conclusion of the school year as follows:
1. a. Use of zero (0) sick and personal leave days - $500 to be deposited into the teacher’s 401(a) Matching Annuity Account. This amount shall not be considered as part of the corporation’s matching contribution.
2. b. Use of no more than three (3) sick and personal leave days - $300 to be deposited into the teacher’s 401(a) Matching Annuity Account. This amount shall not be considered as part of the corporation’s matching contribution. Incentive payments shall be deposited by August 1.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
