Common use of Compensation Model Clause in Contracts

Compensation Model. of new monies from the basic tuition support, special education grant, career and technology grant, or $215,163.50 will be made available for teacher salaries, increments, fringe benefits (i.e. TRF, FICA, VEBA), stipends and insurance (a family plan the corporation pays 60% plus $500 of the total premium with the employee paying 40%; in an individual plan the corporation pays 70% plus $500 of the total premium with the employee paying 30%). This money will be added to the compensation model beginning with the first pay in January 2014.

Compensation Model. of new monies from the basic tuition support, special education grant, career and technology grant, or $215,163.50 160,352 will be made available for teacher salaries, increments, fringe benefits (i.e. TRF, FICA, VEBA), stipends and insurance (a family plan the corporation pays 60% plus $500 of the total premium with the employee paying 40%% minus $500; in an individual plan the corporation pays 70% plus $500 of the total premium with the employee paying 30%% minus $500). This money will be added to the compensation model beginning with paid in the first pay in January 201430 days after the SBOE approves school’s final accountability letter grades.

Compensation Model. of new monies from the basic tuition support, special education grant, career and technology grant, or $215,163.50 159,616, will be made available for the 2012-13 school year for teacher salaries, increments, fringe benefits (i.e. TRF, FICA, VEBA), stipends and insurance (a family plan the corporation pays 60% plus $500 of the total premium with the employee paying 40%; in an individual plan the corporation pays 70% plus $500 of the total premium with the employee paying 30%). This money will be added to the compensation model beginning with the first pay in January 2014.

Compensation Model. of new monies from the basic tuition support, special education grant, career and technology grant, or $215,163.50 170,760 will be made available for teacher salaries, increments, fringe benefits (i.e. TRF, FICA, VEBA), stipends and insurance (a family plan the corporation pays 60% plus $500 of the total premium with the employee paying 40%; in an individual plan the corporation pays 70% plus $500 of the total premium with the employee paying 30%). This money will be added to the compensation model beginning with the first second pay in January 20142015. The teacher leadership stipend will be paid the second pay in February, 2015.