Common use of Staff Development Benefit Allowance – Amounts Clause in Contracts

Staff Development Benefit Allowance – Amounts. The annual Staff Development Benefit Allowance and carry-over amount will be provided to all full- and part-time eligible employees as specified in the following table: Employee Status Annual Benefit & Rollover F/T and P/T Benefit $ 600 .75 & Above Rollover $ 400 Maximum Benefit $ 1000 Part-Time Benefit $ 300 Less than .75 FTE Rollover $ 200 Maximum Benefit $ 500 Carryover funds shall not be cumulative. These amounts shall be maintained through this Contract term. All funds provided to an employee under this Article will be subject to the applicable IRS and Franchise Tax Board law and regulations and such funds shall be reported as taxable income.

Staff Development Benefit Allowance – Amounts. The annual Staff Development Benefit Allowance and carry-over amount will be provided to all full- and part-time eligible employees as specified in the following table: Employee Status Annual Benefit & Rollover F/T and P/T Benefit $ 600 .75 & Above Rollover $ 400 Maximum Benefit $ 1000 Part-Time Benefit $ 300 Less than .75 FTE Rollover $ 200 Maximum Benefit $ 500 Carryover funds shall not be cumulative. cumulative.‌‌ These amounts shall be maintained through this Contract term. All funds provided to an employee under this Article will be subject to the applicable IRS and Franchise Tax Board law and regulations and such funds shall be reported as taxable income.