District Report Card Bonus Sample Clauses

District Report Card Bonus. All district indicators will be assigned a point value, which corresponds to the district grading scale, and that point value will be averaged as a standard grade point average. If the average is equivalent to a 3.0 or greater, the teachers will receive a $1000 bonus. If the average is a 3.70 or greater, the teachers will receive a $1500 bonus. The Board of Education has authority to increase a bonus if they feel the circumstances warrant such a change. This bonus is to be paid to current employees of the district who were employed in the district the year the bonus was earned. Association members hired the year it was paid, but who did not work in the district the year it was earned, and recent retirees are not eligible for the bonus. The bonus must be paid no later than 30 days after the report card release.
AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.