Common use of SUMMER SALARY IN LUMP SUM Clause in Contracts

SUMMER SALARY IN LUMP SUM. All teachers will be paid their annual salary in 26 equal installments. However, any teacher who wishes to receive his/her accumulated deferred salary in a lump sum at the close of the school year may do so by making a written request prior to May 31 of that year.

SUMMER SALARY IN LUMP SUM. All teachers will be paid their annual salary in 26 or 21 equal installments. However, any teacher who wishes to receive his/her accumulated deferred salary in 26 installments or a lump sum at the close of the school year may do so by making a written request prior to May 31 of that the salary schedule going into effect for the applicable contract year.