Common use of Teacher Funded Leave Plan Clause in Contracts

Teacher Funded Leave Plan. a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article. b) Participation in the Plan may begin at the beginning of the term/year. The leave will begin in the first term/year or first term/year of a 3rd year of a three term/year plan, the 4th term/year of a 4 term/year plan or the 5th term/year of a 5 term/year plan. c) Any teacher with three or more years of seniority with the Board may apply to participate in the Plan. The application, in writing, must be received by the Director three (3) months prior to participation in the plan. The application shall include the teacher's estimate of the value of the leave to the system. d) The Board will determine the number of applications, which may be approved in any year. e) The Board may accept or reject any application on the basis of the Board's estimate of the effect of approval upon the system. f) The Board will reply to any application within two months following receipt and will specify its reasons in cases of refusal. No leave shall be unreasonably denied. g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = time worked Y = total time in the plan 1) While participating in the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled. 2) The remainder shall be retained by the Board and shall be accumulated with interest.

Teacher Funded Leave Plan. a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article. b) Participation in the Plan may begin at the beginning of the term/year. The leave will begin in the first term/year or first third term/year of a 3rd year of a three term/year plan, the 4th term/year of a 4 term/year plan or the 5th term/year of a 5 term/year plan. c) Any teacher with three or more years of seniority with the Board may apply to participate in the Plan. The application, in writing, must be received by the Director three (3) months prior to participation in the plan. The application shall include the teacher's estimate of the value of the leave to the system. d) The Board will determine the number of applications, which may be approved in any year. e) The Board may accept or reject any application on the basis of the Board's estimate of the effect of approval upon the system. f) The Board will reply to any application within two months following receipt and will specify its reasons in cases of refusal. No leave shall be unreasonably denied. g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = time worked Y = total time in the plan 1) While participating in the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled. 2) The remainder shall be retained by the Board and shall be accumulated with interest.

Teacher Funded Leave Plan. a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article. b) Participation in the Plan may begin at the beginning of the term/year. The leave will begin in the first term/year or first third term/year of a 3rd year of a three term/year plan, the 4th term/year of a 4 term/year plan or the 5th term/year of a 5 term/year plan. c) Any teacher with three or more years of seniority with the Board OECTA Permanent Bargaining Unit may apply to participate in the Plan. The application, in writing, must be received by the Director or designate three (3) months prior to participation in the plan. The application shall include the teacher's estimate of the value of the leave to the system. d) The Board will determine the number of applications, which may be approved in any year. e) The Board may accept or reject any application based on the basis of the Board's estimate of the effect of approval upon the system. f) The Board will reply to any application within two months following receipt and will specify its reasons in cases of refusal. No leave shall be unreasonably denied. g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = =time worked Y = total time in the plan 1) While participating in the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled. 2) The remainder shall be retained by the Board and shall be accumulated with interest.