Examples of School Corporation in a sentence
The SROs shall be paid by the School Corporation on the fifth and twentieth of each month.
The School Corporation agrees to make available to each teacher a long-term disability insurance that provides a minimum benefit of 66 2/3% of salary to age 65, has a 180 day elimination period with a “no-existing condition” exclusion, a Social Security freeze and a cost of living adjustment, and does not coordinate with teacher retirement disability.
Upon the death of any teacher under contract, the teacher’s beneficiary or beneficiaries will receive an amount equal to the daily rate of the deceased teacher’s last regular contract for each year of service rendered to the School Corporation.
In addition to the above, the following benefit will continue: The School Corporation will contribute to every teacher eligible for the Social Security/Medicare Bridge and employed under regular contract an amount equal to one-half of one percent (1/2%) of the teacher’s regular salary (on the regular individual teacher contract) to the teacher’s 401(a) account.
The School Corporation will pay up to $.27 per $100 of income per teacher per annum for this benefit.