Credit Earned Beyond Degree Sample Clauses

Credit Earned Beyond Degree a. Credit earned, if applied for and validated with transcripts prior to September 1st will count in determining the employee’s place on the salary schedule for the school year. The Superintendent must pre-approve the graduate course prior to acceptance for salary schedule purpose. b. Horizontal advancement on the salary schedule shall occur when Superintendent approved graduate courses from a college/university accredited by the State of Illinois are earned according to the following criteria: 1. Classes do not have to be a part of an approved advanced degree program to go from BA to BA+8. 2. Classes must be a part of an approved advanced degree program to go from BA+8 to BA+16, BA+16 to BA+24, BA+24 to MA, MA to MA+8, MA+8 to MA+16, and MA+16 to MA+24. 3. Advancement if any, on the salary schedule shall occur only at the beginning of the school term. 4. Online courses and online programs must be from a college or university accredited by the State of Illinois. 5. Advancement will occur when a teacher completes graduate or undergraduate work requested by the District and approved by the Superintendent. Teachers earning approved credit from a college or university accredited by the State of Illinois in accordance with the above criteria, shall be reimbursed at the rate of $100 per credit hour subject to the following conditions: 1. A limit of twelve (12) semester credit hours during a period from September 1 through August 31 of the following year. 2. Courses must have the prior approval of the Superintendent. 3. Payment shall be made following the submission or evidence of successful complete of the coursework (Grade A or B).
View SourceView Similar (4)
Credit Earned Beyond Degree. Except in the case of death, disability or other good cause as approved by the Board, any teacher who terminates employment with the District five (5) years after completing the course shall promptly reimburse the District for the amount of tuition payments received from the District in accordance with the following schedule: Prior to completing 1 year − 100% Prior to completing 2 year − 75% Prior to completing 3 year − 50% Prior to completing 4 year − 25% Prior to completing 5 year − 0% a. Credit earned, if applied for and validated with transcripts prior to September 1st will count in determining the employee’s place on the salary schedule for the school year. The Superintendent must pre−approve the graduate course prior to acceptance for salary schedule purpose. b. Horizontal advancement on the salary schedule shall occur when Superintendent approved graduate courses from a college/university accredited by the State of Illinois are earned according to the following criteria: 1. Classes do not have to be a part of an approved advanced degree program to go from BA to BA+8. 2. Classes must be a part of an approved advanced degree program to go from BA+8 to BA+16, BA+16 to BA+24, BA+24 to MA, MA to MA+8, MA+8 to MA+16, and MA+16 to MA+24. 3. Advancement if any, on the salary schedule shall occur only at the beginning of the school term. 4. Online courses and online programs must be from a college or university accredited by the State of Illinois. 5. Advancement will occur when a teacher completes graduate or undergraduate work requested by the District and approved by the Superintendent. Teachers earning approved credit from a college or university accredited by the State of Illinois in accordance with the above criteria, shall be reimbursed at the rate of $100 per credit hour subject to the following conditions: 1. A limit of twelve (12) semester credit hours during a period from September 1 through August 31 of the following year. 2. Courses must have the prior approval of the Superintendent 3. Payment shall be made following the submission or evidence of successful complete of the coursework (Grade A or B).
View Source

Related to Credit Earned Beyond Degree

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Reallocation of Pro Rata Share to Reduce Fronting Exposure During any period in which any Revolving Credit Lender is a Defaulting Lender, for purposes of computing the amount of the obligation of each Revolving Credit Lender that is a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Section 2.03, the “Pro Rata Share” of each Non-Defaulting Lender’s Revolving Credit Loans and L/C Obligations shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Revolving Credit Lender becomes a Defaulting Lender, no Default or Event of Default has occurred and is continuing; and (ii) the aggregate obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Revolving Credit Commitment of that Non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Credit Loans of that Non-Defaulting Lender. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. If the allocation described in this clause (iv) cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures satisfactory to such L/C Issuer (in its sole discretion).

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • Cash Collateral, Repayment of Swing Line Loans If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.15.

  • Single Premium Credit Life Insurance None of the proceeds of the Mortgage Loan were used to finance single-premium credit life insurance policies.