Salary and Released Time of the Association President Sample Clauses

Salary and Released Time of the Association President. 3.10.1 The Association President will be granted released time up to a half day with the Association bearing the cost of that part of the salary equivalent to the amount of released time. In the event the Association President takes release time from the school contract day on a part time basis, the school district, at the President’s request, shall pay the President an amount equal to what the President would be paid if he/she were a full time teacher and placed on the salary schedule according to his/her current experience and education. However, the Association shall reimburse the school district as follows:
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Salary and Released Time of the Association President. The Association President will be granted released time up to a half day with the Association bearing the cost of that part of the salary equivalent to the amount of released time. In the event the Association President takes release time from the school contract day on a part time basis, the school district, at the President’s request, shall pay the President an amount equal to what the President would be paid if he/she were a full time teacher and placed on the salary schedule according to his/her current experience and education. However, the Association shall reimburse the school district as follows: The percentage of the President’s school contract day from which he/she has been released to work for the Association shall be referred to as the “release time percentage.” The Reimbursement Amount is calculated as follows: • First, determine the sum of what the district pays to the President in gross salary and employer contributions, including FICA, PERSI retirement, PERSI retirement sick leave, workers’ compensation insurance premiums and employee fringe benefits. That sum shall be referred to as the “PEA President Costs.” • Second, multiply the PEA President Costs by the Release Time Percentage. That product shall be referred to as the “Released Time Costs.” • Third, add to the Release Time Costs, the substitute teacher costs (“Substitute Teacher Cost”). The teacher who teaches in place of the President during the President’s release time shall be referred to as the Substitute Teacher. The Substitute Teacher Cost is the sum of what the school district pays to the Substitute Teacher in gross salary and in employer contributions, including FICA, PERSI retirement, PERSI retirement sick leave, workers’ compensation insurance premiums and employee fringe benefits. • Fourth, subtract the “Adjustment Amount from the sum of the Release Time cost and Substitute Teacher Cost. The Adjustment Amount equals the sum of (1) the state support received by the district for the President multiplied by the Release Time Percentage and (2) the state support received by the district for the Substitute Teacher. The difference is the Reimbursement Amount that the Association is required to pay the district. The school district shall semi‐annually bill the Association for the reimbursement. The first billing will be submitted on or about November 30th. The second billing will be submitted on or about May 31st. Payment of the invoices shall be due not more than twenty (20) days ...

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