LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
LONG TERM RATE. As to any one (1) location assignment, a lodging allowance of forty-five dollars ($45) shall be provided for assignments exceeding the first thirty (30) days. The long-term lodging allowance may not be allowed after six (6) months in one location unless a continuation has been approved in advance by the Division of Finance, Department of Administration.
LONG TERM RATE. A Long-Term Occasional Teacher as described in DEFINITIONS shall be paid in accordance with the current salary grid in the Collective Agreement between the Board and either the Local Elementary Teachers' Bargaining or the Local Secondary Teachers Bargaining Unit, depending on the placement, in accordance with his or her recognized teaching experience and qualifications, effective on the (15) fifteenth consecutive day of teaching in the same class retroactive to the first day the Occasional Teacher began long-term occasional assignment. The Long-Term Occasional Teacher shall continue to be paid according to the aforementioned salary grid until the expiration of the long-term occasional assignment. It is understood the payment on the salary grid includes payment for vacation pay and any paid holidays if applicable.
LONG TERM RATE. The election of Long Term Rates shall be subject to the following terms and requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
LONG TERM RATE a. A substitute teacher who teaches a minimum of seven (7) consecutive teaching days for the same regular teacher shall qualify for the long-term rate of pay. Such shall be paid retroactively to the beginning date of such service.
b. The long-term daily rate of pay shall be Track 1.0, Level 4.0 of the Teachers Collective Bargaining Agreement ÷ 192 days. A substitute so assigned shall be paid 100% of daily rate (192 days) computed on $34,165.
LONG TERM RATE the amount of daily compensation paid to a guest teacher working on an assignment for more than twenty-five (25) consecutive days.
LONG TERM RATE. 7 2.14 Libor Rate........................................................................ 8
LONG TERM RATE. The Borrower may elect to have all or portions of an Equipment Loan bear interest at the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more. The Borrower will immediately begin repaying principal of the Long Term Rate portion under an amortization schedule agreed to by the Bank and the Borrower at the time of the designation. These payments will be separate from the payments required by the Paragraph 2.1(d) above which will be calculated without taking into account any Long Term Rate portions.
