Service Recognition Credit Sample Clauses

Service Recognition Credit. Teachers will accrue a service recognition credit of $1,000 each year. The accumulated credit may be cashed out at the end of the year three. No payment would be made before the end of the year three. If the employee does not remain with the District for three years, the accumulated credit would be forfeited. Teachers who defer the credit in year three and remain with the District through year five will receive a credit equivalent to $1,500.00 for each of the five years. Teachers who defer the credit in year five and remain with the District through year seven will receive a credit equivalent to $2,000 for each of the seven years.

Service Recognition Credit. Teachers will accrue a service recognition credit of $500 each year. The accumulated credit of $1500 will be paid at the end of year three. Teachers hired during this three year negotiated agreement will start their service recognition credit from hire date for three consecutive years and paid after completing 3 years of services. Attachment A Iditarod Area School District Teacher's Salary Schedule FY 2018 @ 188 days FY17 Actual Employees EXP BA BA + 18 BA +36 BA + 54 /MA BA + 72 MA + 18 MA + 36 MA + 54 0 47,003 48,813 50,623 52,432 54,242 56,052 57,861 1 48,813 50,623 52,432 54,242 56,052 57,861 59,671 2 50,623 52,432 54,242 56,052 57,861 59,671 61,481 3 52,432 54,242 56,052 57,861 59,671 61,481 63,290 4 54,242 56,052 57,861 59,671 61,481 63,290 65,100 5 56,052 57,861 59,671 61,481 63,290 65,100 66,910 6 57,861 59,671 61,481 63,290 65,100 66,910 68,719 7 59,671 61,481 63,290 65,100 66,910 68,719 70,529 8 63,290 65,100 66,910 68,719 70,529 72,339 9 65,100 66,910 68,719 70,529 72,339 74,148 10 68,719 70,529 72,339 74,148 75,958 11 70,529 72,339 74,148 75,958 77,768 12 74,148 75,958 77,768 79,578 13 75,958 77,768 79,578 81,387 14 79,578 81,387 83,197 15 83,197 85,007 16 86,816 Attachment B Iditarod Area School District Teacher's Salary Schedule FY 2019 @ 188 days FY17 Actual Employees EXP BA BA + 18 BA +36 BA + 54 /MA BA + 72 MA + 18 MA + 36 MA + 54 0 48,507 50,375 52,243 54,110 55,978 57,845 59,713 1 50,375 52,243 54,110 55,978 57,845 59,713 61,581 2 52,243 54,110 55,978 57,845 59,713 61,581 63,448 3 54,110 55,978 57,845 59,713 61,581 63,448 65,315 4 55,978 57,845 59,713 61,581 63,448 65,315 67,184 5 57,845 59,713 61,581 63,448 65,315 67,184 69,051 6 59,713 61,581 63,448 65,315 67,184 69,051 70,918 7 61,581 63,448 65,315 67,184 69,051 70,918 72,786 8 65,315 67,184 69,051 70,918 72,786 74,653 9 67,184 69,051 70,918 72,786 74,653 76,521 10 70,918 72,786 74,653 76,521 78,389 11 72,786 74,653 76,521 78,389 80,256 12 76,521 78,389 80,256 82,124 13 78,389 80,256 82,124 83,992 14 82,124 83,992 85,859 15 85,859 87,727 16 89,594 Attachment C Iditarod Area School District Teacher's Salary Schedule FY 2020 @ 188 days FY17 Actual Employees EXP BA BA + 18 BA +36 BA + 54 /MA BA + 72 MA + 18 MA + 36 MA + 54 0 50,011 51,937 53,862 55,787 57,713 59,639 61,564 1 51,937 53,862 55,787 57,713 59,639 61,564 63,490 2 53,862 55,787 57,713 59,639 61,564 63,490 65,415 3 55,787 57,713 59,639 61,564 63,490 65,415 67,340 4 57,713 59,639 61,564 63,490 65,415 67,340 69,266 5 59,639 61,56...