District Commitment. In recognizing the importance of retaining highly qualified teachers, a teacher remaining with the School District for a period of 5 years will receive a 1-time salary adjustment added to his/her base pay beginning in his/her 6th year in the amount of $1,000. Teachers who remain in the School District for a period of 10 years and who have qualified for additional compensation under Subd. 1 or 2 above, or Section 4, Subd. 4 and 5 below, during this period of time will receive a 1-time salary adjustment added to his/her base pay beginning in his/her 11th year in the amount of $1,000. Teachers who remain in the School District for a period of 15 years and who have qualified for additional compensation under Subd. 1 or 2 above, or Section 4, Subd. 4 and 5 below, during the previous 5 years will be entitled to a 1-time lump-sum payment in the amount of $1,100 at the completion of their 15th year said compensation awarded by October 1 in the following school year. Those teachers who remain in the School District for a period of 20 years or more and who have qualified for additional compensation under Subd. 1 or 2 above, or Section 4, Subd. 4 and 5 below during the previous 5 years, shall be entitled to receive a one-time lump-sum payment in the amount of $1,200 at the end of their 20th year and each successive 5-year period said compensation awarded by October 1 in the following school year.
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Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement