Professional Development Trust Fund Sample Clauses
The Professional Development Trust Fund clause establishes a dedicated fund to support the ongoing education and skill enhancement of employees. Typically, this clause outlines how contributions are made to the fund, what types of professional development activities are eligible for funding, and the process for employees to request support for courses, certifications, or conferences. Its core practical function is to ensure that employees have access to resources for professional growth, thereby fostering a more skilled workforce and supporting organizational development goals.
Professional Development Trust Fund a. A joint Professional Development Trust Fund shall be established by the Board.
b. The Board shall contribute a minimum of two hundred and eighty dollars ($280) per teacher (continuing and temporary) to the Fund each year. The RTA shall contribute a minimum of seventy dollars ($70) per teacher per year.
c. The Board shall contribute a minimum of five hundred and sixty dollars ($560) (equivalent to 2.0 FTE) to the Fund each year, on behalf of Teachers-Teaching-On- Call. The RTA shall contribute a minimum of one hundred and forty dollars ($140) per year.
d. The Professional Development Trust Fund shall only finance those activities that meet the professional development priorities of the Professional Development Committee and the authorized activities of individual teachers.
e. All expenditures from the joint Professional Development Trust Fund shall be made in accordance with School Board financial regulations and procedures.
f. Annually, the Board shall provide the Committee and the RTA with an accounting for funds spent.