CONTRACT PAY CALCULATION Clause Samples
The CONTRACT PAY CALCULATION clause defines how payments to a contractor or service provider are determined under the agreement. It typically outlines the method for calculating compensation, such as hourly rates, fixed fees, or milestone-based payments, and may specify what costs or expenses are included or excluded. This clause ensures both parties have a clear understanding of payment expectations, reducing the risk of disputes over compensation and providing a transparent framework for invoicing and payment processing.
CONTRACT PAY CALCULATION. For teachers working less than full-time, contract pay will be calculated and paid on a pro-rated basis just as their work responsibilities are pro-rated. For a secondary teacher the compensation amount will be calculated by using the number of periods taught each semester per day as the numerator and the denominator will be the total number of student periods per day, minus one (1). For example, a teacher at the middle school or high school (six period student day) teaching three periods per day will be paid on a 3/5ths or 60% contract that semester. Using this formula and method of calculation will then include compensation for a pro-rated preparation period automatically.
CONTRACT PAY CALCULATION. For teachers working less than full-time, contract pay will be calculated and paid on a pro-rated basis just as their work responsibilities are pro-rated.