Assignment to Surplus Pool Clause Samples

The "Assignment to Surplus Pool" clause designates certain assets, funds, or resources to be included in a surplus pool, which is typically a collective reserve or fund set aside for specific purposes. In practice, this clause outlines the criteria or conditions under which items are assigned to the surplus pool, such as excess profits, unallocated funds, or assets not immediately required for operations. By clearly defining what is included in the surplus pool and how assignments are made, this clause ensures transparency and proper management of surplus resources, helping to prevent disputes and clarify the allocation of excess assets.
Assignment to Surplus Pool a. A "surplus teacher" is defined as any teacher presently teaching on a regular full time or regular part time contract who has been declared by their principal to be above staff requirements. Surplus declarations shall be made on the following basis:
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Related to Assignment to Surplus Pool

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