Common use of Rate of Compensation Clause in Contracts

Rate of Compensation. Any bargaining unit member on Study and Travel Leave shall receive compensation in accordance with Education Code Section 44968 in the amount of “the difference between the salary of the employee on leave and the salary of a full-time bargaining unit member at Class 2, Step 1 of the Certificated Salary Schedule.” a. Regular remunerative employment shall not be combined with this leave unless approved in advance by the District Leave Committee and approved by the Board of Education. b. Scholarships, fellowships and assistantships may be combined with this leave. c. Study and Travel leave application for practical experience in business and/or industry will be considered by the District Leave Committee and approved by the Board of Education. d. Study and Travel Leave shall count toward retirement, and the retirement and annuity contributions shall be collected. e. Absence on Study and Travel Leave shall count as a regular period of service and shall not interrupt the bargaining unit member’s progress on the salary schedule. a. Paid in two (2) equal annual installments during the first two years following the return from leave. b. First installment paid at the end of the first semester after the return from leave (provided they complete 75 days of paid service during the first semester of their return – illness is considered a paid service day). c. Second installment paid at the end of the third semester after the return from leave (provided they complete 75 days of paid service during the third semester after their initial return – illness is considered a paid service day). d. In the event that the employee has not completed the 75 days as required in No. b and c above – then the installment will be paid at the end of the semester upon which the employee does complete the 75 days of service (i.e. 75th day is completed in second semester – then the first installment will not be until end of the second semester). a. Employee is paid monthly while on leave in the same manner as if the employee were teaching in the district. 1. Employee must provide a bond indemnifying the district against loss in the event the employee fails to render at least two years of service upon their return from leave – bond must remain in effect while the employee is on the leave and during the two years from when the employee returns from the leave. 2. ▇▇▇▇ will be exonerated if employee does not return and render two years of service in the event failure to return or complete the two years is caused by death or physical or mental disability of the employee.

Rate of Compensation. Any bargaining unit member on Study and Travel Leave shall receive compensation in accordance with Education Code Section 44968 in the amount of “the difference between the salary of the employee on leave and the salary of a full-time bargaining unit member at Class 2, Step 1 of the Certificated Salary Schedule.” a. Regular remunerative employment shall not be combined with this leave unless approved in advance by the District Leave Committee and approved by the Board of Education. b. Scholarships, fellowships and assistantships may be combined with this leave. c. Study and Travel leave application for practical experience in business and/or industry will be considered by the District Leave Committee and approved by the Board of Education. d. Study and Travel Leave shall count toward retirement, and the retirement and annuity contributions shall be collected. e. Absence on Study and Travel Leave shall count as a regular period of service and shall not interrupt the bargaining unit member’s progress on the salary schedule. a. Paid in two (2) equal annual installments during the first two years following the return from leave. b. First installment paid at the end of the first semester after the return from leave (provided they complete 75 days of paid service during the first semester of their return – illness is considered a paid service day). c. Second installment paid at the end of the third semester after the return from leave (provided they complete 75 days of paid service during the third semester after their initial return – illness is considered a paid service day). d. In the event that the employee has not completed the 75 days as required in No. b and c above – then the installment will be paid at the end of the semester upon which the employee does complete the 75 days of service (i.e. 75th day is completed in second semester – then the first installment will not be until end of the second semester). a. Employee is paid monthly while on leave in the same manner as if the employee were teaching in the district. 1. Employee must provide a bond indemnifying the district against loss in the event the employee fails to render at least two years of service upon their return from leave – bond must remain in effect while the employee is on the leave and during the two years from when the employee returns from the leave. 2. ▇▇▇▇ Bond will be exonerated if employee does not return and render two years of service in the event failure to return or complete the two years is caused by death or physical or mental disability of the employee.