Common use of PART MONTH PAYMENTS AND DEDUCTIONS Clause in Contracts

PART MONTH PAYMENTS AND DEDUCTIONS. 1. The rate of deduction for a day without pay shall be defined as one two-hundredth (1/200) of the current rate of annual salary of the teacher. 2. A teacher shall be paid one tenth (1/10) of current annual salary in respect of each month in which the teacher works all prescribed school days that month. 3. In the event that a teacher commences work on a day other than the first prescribed school day that month, or terminates on a day other than the last prescribed school day in that month, the formula for payment for that month shall be the greater of the following amounts: a. One twentieth (1/20) of regular monthly salary for each day taught or b. Full regular monthly salary less one twentieth (1/20) of the salary for each day not taught.