Salary Deferral OPTION A. a) In each of the three (3) years of the Plan commencing September 1st following approval, the member shall be paid 75% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement. b) The remaining 25% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board's name on behalf of the member and will be paid to the member in the year of the leave. c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts. d) All bank accounts will be handled by the Chartered Bank of the Board. a) In each of the four (4) years of the Plan commencing September 1st following approval, the member shall be paid 80% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement. b) The remaining 20% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board's name on behalf of the member and will be paid to the member in the year of the leave. c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts. d) All bank accounts will be handled by the Chartered Bank of the Board. a) In each of the five (5) years of the Plan commencing September 1 following approval, the member shall be paid 83.4% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement. b) The remaining 16.6% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board’s name on behalf of the member and will be paid to the member in the year of the leave. c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts. d) All bank accounts will be handled by the Chartered Bank of the Board.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Salary Deferral OPTION A. a) In each of the three (3) years of the Plan commencing September 1st following approval, the member shall be paid 75% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement.
b) The remaining 25% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board's name on behalf of the member and will be paid to the member in the year of the leave.
c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
a) In each of the four (4) years of the Plan commencing September 1st following approval, the member shall be paid 80% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement.
b) The remaining 20% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board's name on behalf of the member and will be paid to the member in the year of the leave.
c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
a) In each of the five (5) years of the Plan commencing September 1 following approval, the member shall be paid 83.4% of the salary and responsibility allowances to which the member is otherwise entitled in accordance with the Collective Agreement.
b) The remaining 16.6% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 of the APSSP Collective Agreement in an individual interest bearing account in the Board’s name on behalf of the member and will be paid to the member in the year of the leave.
c) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Salary Deferral OPTION A. aA) In each of the three and one-half (33 1/2) years of the Plan commencing September 1st following approval, the member teacher shall be paid 7587.5% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreementcollective agreement.
bB) The remaining 2512.5% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective Agreement this agreement in an individual interest bearing account in the Board's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options by the Teacher through the Superintendent of Business and Financial Services or designate. Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
aA) In each of the four two (42) years of the Plan commencing September 1st following approval, the member Teacher shall be paid 8066.7% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreement.
bB) The remaining 2033.3% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective this Agreement in an individual interest bearing account in the Board's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30 such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
aA) In each of the five three (53) years of the Plan commencing September 1 1st following approval, the member teacher shall be paid 83.475% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreementcollective agreement.
bB) The remaining 16.625% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective Agreement this agreement in an individual interest bearing account in the Board’s 's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options by the Teacher through the Superintendent of Business and Financial Services or designate. Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
dA) All bank accounts In each of the four (4) years of the Plan commencing September 1st following approval, the Teacher shall be paid 80% of the salary and responsibility allowance to which the Teacher is otherwise entitled in accordance with the Collective Agreement.
B) The remaining 20% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Clause 7.01 of this Agreement in an individual interest bearing account in the Board's name on behalf of the Teacher and will be handled paid to the Teacher in the year of the leave. Upon request by June 30 such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
C) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
A) In each of the five (5) years of the Plan commencing September 1st following approval, the Teacher shall be paid 83.4% of the salary and responsibility allowance to which the Teacher is otherwise entitled in accordance with the Collective Agreement.
B) The remaining 16.6% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Clause 7.01 of the Agreement in an individual interest bearing account in the Board's name on behalf of this Teacher and will be paid to the Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th, plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing account with the Chartered Bank of the Board.
C) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Salary Deferral OPTION A. aA) In each of the three and one-half (33 1/2) years of the Plan commencing September 1st following approval, the member teacher shall be paid 7587.5% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreementcollective agreement.
bB) The remaining 2512.5% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective Agreement this agreement in an individual interest bearing account in the Board's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options by the Teacher through the Superintendent of Business and Financial Services or designate. Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
aA) In each of the four (42) years of the Plan commencing September 1st following approval, the member Teacher shall be paid 8066.7% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreement.
bB) The remaining 2033.3% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective this Agreement in an individual interest bearing account in the Board's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30 such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
d) All bank accounts will be handled by the Chartered Bank of the Board.
aA) In each of the five three (53) years of the Plan commencing September 1 1st following approval, the member teacher shall be paid 83.475% of the salary and responsibility allowances allowance to which the member Teacher is otherwise entitled in accordance with the Collective Agreementcollective agreement.
bB) The remaining 16.625% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Article 25 Clause 7.01 of the APSSP Collective Agreement this agreement in an individual interest bearing account in the Board’s 's name on behalf of the member Teacher and will be paid to the member Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options by the Teacher through the Superintendent of Business and Financial Services or designate. Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
cC) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
dA) All bank accounts In each of the four (4) years of the Plan commencing September 1st following approval, the Teacher shall be paid 80% of the salary and responsibility allowance to which the Teacher is otherwise entitled in accordance with the Collective Agreement.
B) The remaining 20% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Clause 7.01 of this Agreement in an individual interest bearing account in the Board's name on behalf of the Teacher and will be handled paid to the Teacher in the year of the leave. Upon request by June 30 such money as accumulated by June 30th plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing bank account with the Chartered Bank of the Board.
C) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
A) In each of the five (5) years of the Plan commencing September 1st following approval, the Teacher shall be paid 83.4% of the salary and responsibility allowance to which the Teacher is otherwise entitled in accordance with the Collective Agreement.
B) The remaining 16.6% of such salary and responsibility allowance shall be retained by the Board and deposited at such times as indicated in Clause 7.01 of the Agreement in an individual interest bearing account in the Board's name on behalf of this Teacher and will be paid to the Teacher in the year of the leave. Upon request by June 30th such money as accumulated by June 30th, plus the installments due during the months of July and August, may be directed to invested options determined by the Teacher through the Superintendent of Business and Financial Services or designate. As agreed by both parties, the participants in the plan may elect to direct all monies accumulated by June 30 to one or more of the following areas, with a yearly deadline of September 1: Monies will be directed to an interest bearing account with the Chartered Bank of the Board.
C) The calculation of interest under the terms of the Plan shall be done in accordance with the practice of the chartered bank with which the Board maintains its accounts.
Appears in 1 contract
Samples: Collective Bargaining Agreement
