Repayment of Days Sample Clauses

Repayment of Days. A certificated employee who has been granted ten (10) or more sick leave bank days in any one school year, commencing with the 2010-2011 school year, shall be required to repay the Sick Leave Bank one (1) day for every ten (10) days used. Repayment days must be paid back in increments of no less than one (1) day per school year, assessed by October 1st, commencing in the school year following the grant. Repayment days do not count toward assessments. If the certificated employee opts out of the Sick Leave Bank, the employee will still be assessed the repayment days.
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Repayment of Days a). The teacher, who is the recipient for loan of days from the Bank, who remains in the employment of the MSD of Pike Township, shall repay the Bank the borrowed days at the rate of at least three (3) days per year until the loan has been repaid. b). A recipient who leaves the MSD of Pike Township and still owes days to the Bank must transfer accumulated sick leave, personal business leave, and family illness leave days to the Bank as payment towards the loan.
Repayment of Days. A certificated employee who has been granted ten (10) or more sick leave bank days in any one school year, commencing with the 2010-2011 school year, shall be required to repay the Sick Leave Bank one (1) day for every ten (10) days used. Repayment days must be paid back in increments of no less than one (1) day per school year, assessed by October 1st, commencing in the school year following the grant. Repayment days do not count toward assessments. If the certificated employee opts out of the Sick Leave Bank, the employee will still be assessed the repayment days. The parties acknowledge that the Board of Trustees will reimburse each certificated employee up to $200 for the purchase of classroom supplies.
Repayment of Days a. The recipient who remains in the employment of the school corporation shall repay the Catastrophic Illness Leave Bank the borrowed days at the rate of three (3) days per year from his/her personal illness days. b. A recipient who leaves the school corporation and still owes days must transfer the accumulated sick leave days to the Bank. The number of days transferred will not exceed the number owed. If any owed days are not recovered, the Bank will absorb the days.
Repayment of Days a. Teachers who use days from the bank and voluntarily leave the district within 2 years of the bank use must repay the days to the bank. b. A teacher voluntarily leaving the district shall pay the district back for sick leave days used from the bank in excess of any days they may have accumulated. Such payment shall be at the per diem salary in effect at the time the days were used. Upon repayment, the District will deposit the equivalent number of days into the bank. c. A teacher leaving the District because their position was abolished shall not be held liable for any days owed the bank. d. If a teacher takes a retirement due to a disability, he shall not be required to pay back the used sick days. e. If a teacher has used days from the sick leave bank and dies, his estate shall not be required to pay back his used sick days.
Repayment of Days a) Teachers who use days from the bank and voluntarily leave the district within 2 years of the bank use must repay the days to the bank. b) A teacher voluntarily leaving the district or involuntarily leaving the district as the result of discipline pursuant to Section 3020-a shall pay the district back for sick leave days used from the bank in excess of any days they may have accumulated. Such payment shall be at the per diem salary in effect at the time the days were used. Upon repayment, the District will deposit the equivalent number of days into the bank. c) A teacher leaving the District because their position was abolished shall not be held liable for any days owed the bank. d) If a teacher takes a retirement due to a disability, he shall not be required to pay back the used sick days. e) If a teacher has used days from the sick leave bank and dies, his estate shall not be required to pay back his used sick days.

Related to Repayment of Days

  • Definition of Days A day shall mean calendar days, however, where a deadline occurs on a Saturday, Sunday or Holiday (as identified in Article 25), the deadline shall be extended to the next normal business day.

  • Counting of Days Except where otherwise specifically provided, any reference in this Note to a period of "days" means calendar days, not Business Days.

  • Number of Days In computing the number of days for purposes of this Agreement, all days shall be counted, including Saturdays, Sundays and holidays; provided, however, that if the final day of any time period falls on a Saturday, Sunday or holiday on which federal banks are or may elect to be closed, then the final day shall be deemed to be the next day which is not a Saturday, Sunday or such holiday.

  • Repayment Dates The first Instalment shall be repaid on the date falling three months after the Drawdown Date, each subsequent Instalment shall be repaid at three-monthly intervals thereafter and the last Instalment, shall be repaid together with the Balloon Instalment, on the Final Repayment Date.

  • Breakage Payments In the event of (a) the payment or prepayment, whether optional or mandatory, of any principal of any Eurodollar Loan earlier than the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan or Term Loan on the date specified in any notice delivered pursuant hereto or (d) the assignment of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto as a result of a request by Borrower pursuant to Section 2.16(b), then, in any such event, Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.13 shall be delivered to Borrower (with a copy to the Administrative Agent) and shall be conclusive and binding absent manifest error. Borrower shall pay such Lender the amount shown as due on any such certificate within 5 days after receipt thereof.

  • Prepayment Fees Borrower agrees to pay to each New Term Loan Lender the following prepayment fees, if any: [ ].

  • Payment on Non-Business Days Whenever any payment to be made shall be due on a day which is not a Business Day, such payment may be due on the next succeeding Business Day.

  • Interest Payment and Computation Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing December 31, 2011; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. All computations of interest for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

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