Common use of Lump Sum Pay During Work Year Clause in Contracts

Lump Sum Pay During Work Year. In the event the individual teaching contract is terminated by either party during the work year, the total sum due the bargaining unit member shall be paid at the next scheduled payday following the last day of service by the member. All insurance coverage and/or benefits provided by this Agreement will terminate on the last day of the month of the effective date the contract is terminated.

Lump Sum Pay During Work Year. In the event the individual teaching contract is terminated by either party during the work year, the total sum due the bargaining unit member shall be paid at the next scheduled payday following the last day of service by the membernormal payroll period. All insurance coverage and/or benefits provided by this Agreement will terminate on the last day of the month of the effective date the contract is terminated.

Lump Sum Pay During Work Year. In the event the individual teaching contract is terminated by either party during the work school year, the total sum due the bargaining unit member shall be paid at the next first scheduled payday following the last day effective date of service by the memberresignation. All insurance coverage and/or benefits provided by this Agreement will terminate on the last day of the month of the effective date the contract is terminatedof resignation.