Common use of Retention Stipends Clause in Contracts

Retention Stipends. Stipends under this paragraph will be paid out of grant funds under a Teacher School Leader Incentive Program grant. Therefore, stipends under this paragraph are contingent on the School Corporation having received a grant distribution under the TSL Grant on or before September 15. Within 15 days after evaluations have been finalized, the School Corporation will pay teachers a retention stipend as follows: School Tier Highly Effective Effective Xxxxx 0 (X/X Xxxxxx xxxxxx Xxxxxxxxx Xxxxxxxxxxx Xxxx) $1,200 $700 Level 2 (D/F School not in Qualified Opportunity Zone) $1,200 $700 Level 3 (All other schools) $1,200 $700 To qualify for a retention stipend, a Teacher must have been employed as a Teacher with SBCSC for at least 120 days during the previous school year and must be employed with SBCSC at the time the stipend is paid. The parties intend this provision to be enforceable status quo language under Ind. Code 20-29-6-16(b) until a new contract is executed. This provision will be effective only during the 2020-21 school year and the following status quo period under Ind. Code 20-29-6-16(b).

Retention Stipends. Stipends under this paragraph will be paid out of grant funds under a Teacher School Leader Incentive Program grant. Therefore, stipends under this paragraph are contingent on the School Corporation having received a grant distribution under the TSL Grant on or before September 15. Within 15 days after evaluations have been finalized, the School Corporation will pay teachers a retention stipend as follows: School Tier Highly Effective Effective Xxxxx 0 (X/X Xxxxxx xxxxxx Xxxxxxxxx Xxxxxxxxxxx Xxxx) $1,200 $700 Level 2 (D/F School not in Qualified Opportunity Zone) $1,200 $700 Level 3 (All other schools) $1,200 $700 To qualify for a retention stipend, a Teacher must have been employed as a Teacher with SBCSC for at least 120 days during the previous school year and must be employed with SBCSC at the time the stipend is paid. The parties intend this provision to be enforceable status quo language under Ind. Code 20-29-6-16(b) until a new contract is executed. This provision will be effective only during the 2020-21 school year duration of this contract and the following status quo period under Ind. Code 20-29-6-16(b).