Section 2(a). Section 2(a) of the Agreement is hereby deleted in its entirety and the following language shall replace said Section 2(a) of the Agreement:
Section 2(a). As to those employees who as of the appropriate dates, hereinafter set forth, have completed the required semester hours of approved study beyond their sixth year there is to be payment of an increment, hereinafter referred to as the increment prescribed by Section 2, which increment is to be paid in accordance with the itemization listed below: 6th yr. + 15* $1,100.00 per year 6th yr. + 30 $1,300.00 per year Ph.D./Ed.D degree $1,800.00 per year
Section 2(a). For the purpose of attending regional meetings, conferences, and other professional educational activities, an administrative expense account of $7,000.00 for High Schools, Middle Schools, and Elementary Schools shall be allotted annually in the school budget and distributed by the Superintendent of Schools. School representatives at such Annual Meetings shall rotate amongst administrators from year to year in order to encourage participation and to provide District leadership opportunities to more administrators.
Section 2(a). Section 2(a) of the Promissory Note is hereby amended by deleting it in its entirety and inserting the following in lieu thereof:
Section 2(a). Section 2(a) of the Agreement of Sale is hereby amended by deleting the amount “One Hundred Sixty-One Million Six Hundred Thirty Thousand Dollars ($161,630,000)” and replacing it with the amount “One Hundred Sixty-One Million Six Hundred Seventy Thousand Dollars ($161,670,000)”.
Section 2(a). 1 of the Credit Agreement is amended by deleting the first sentence in its entirety and replacing it with the following sentences: Subject to the terms and conditions hereof and of the Fourth Amendment, (A) each Continuing Canadian Revolving Lender agrees to convert (each such conversion a “Canadian Revolving Loan Conversion”) its Existing Canadian Revolving Loans into new revolving loans to Canadian Borrower under this Agreement in Canadian Dollars in an amount equal to the outstanding principal amount of such Lender's Existing Canadian Revolving Loans (in each case, the “Converted Canadian Revolving Loans”) immediately prior to the Fourth Amendment Effective Date; and (B) each Increasing Canadian Revolving Lender agrees to convert its Existing Canadian Revolving Loans pursuant to the Canadian Revolving Loan Conversion and also agrees to make a new loan in Canadian Dollars (each such loan, together with all Converted Canadian Revolving Loans, the “New Canadian Revolving Loans”) to Canadian Borrower as of the Fourth Amendment Effective Date in the aggregate principal amount equal to the excess of such Lender’s Canadian Revolver Pro Rata Share (after giving effect to the Fourth Amendment) of all Existing Canadian Revolving Loans over such Lender’s Converted Canadian Revolving Loans. Canadian Borrower, Administrative Agent and Lenders party hereto further acknowledge and agree that on the Fourth Amendment Effective CHI:1513711.9 Date, after giving effect to the conversion and/or issuance of Canadian Revolving Loans, the aggregate principal amount of Canadian Revolving Loans outstanding is equal to $0. Each Canadian Revolving Lender that is not an Exiting Canadian Revolving Lender, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make loans to Canadian Borrower in Canadian Dollars on a revolving basis, including by means of B/As or B/A Equivalent Loans, from time to time during the Canadian Commitment Period, in an amount not to exceed its Canadian Revolver Pro Rata Share of the Total Available Canadian Revolving Commitment (each loan by any Lender, a “Canadian Revolving Loan” and collectively, together with the New Canadian Revolving Loans, the “Canadian Revolving Loans”). The Canadian Borrower shall pay all accrued and unpaid interest, Canadian Commitment Fees and all other amounts then d...
Section 2(a). Section 2(a) of the Agreement is hereby deleted and the following inserted in its stead:
Section 2(a). (i) of the Loan Agreement shall be and is hereby amended to read, in its entirety, as follows:
Section 2(a). All those who hold a permanent teaching certificate and who have completed less than fifteen (15) semester hours of approved study or those who have a Baccalaureate Degree shall be paid in accordance with the “Bachelors” Column of the appropriate schedule. ¶318A. Effective July 1, 2020, all those who hold a permanent teaching certificate and who have a Baccalaureate Degree, regardless of additional hours of approved study shall be paid in accordance with the “Bachelors” Column of the appropriate schedule. ¶ 319. Section 2(b). All those who have completed at least fifteen (15) semester hours of approved study beyond the Baccalaureate Degree shall be paid in accordance with the “Bachelors + 15” Column of the appropriate schedule. ¶319A. Effective July 1, 2020, all those who hold a permanent teaching certificate and who have a Baccalaureate Degree, regardless of additional hours of approved study shall be paid in accordance with the “Bachelors” Column of the appropriate schedule. ¶ 320. Section 2(c). All those who possess at least thirty (30) semester hours of approved study beyond the Baccalaureate Degree or who hold a Master’s Degree shall be paid in accordance with the “Masters” Column of the appropriate Schedule. ¶320A.Effective July 1, 2024, All those who possess at least thirty (30) semester hours of approved study beyond the Baccalaureate Degree or who hold a Master’s Degree shall be paid in accordance with the combined “Masters” (MA) Column of the appropriate Schedule. ¶ 321. Section 2(d). All those who have completed at least fifteen (15) semester hours of approved study beyond a Master’s Degree or forty-five (45) semester hours beyond a Baccalaureate Degree shall be paid in accordance with the “Masters +15” Column of the appropriate schedule. ¶321A.Effective July 1, 2024, All those who have completed at least fifteen (15) semester hours of approved study beyond a Master’s Degree or forty-five (45) semester hours beyond a Baccalaureate Degree shall be paid in accordance with the combined “Masters ” (MA) Column of the appropriate schedule. ¶ 322. Section 2(e). All those who have at least thirty (30) semester hours of approved study beyond the Master’s Degree, sixty (60) hours of approved study beyond the Baccalaureate Degree, or who have a Sixth Year Certificate or two (2) Master’s Degrees shall be paid in accordance with the “6th Year” Column of the appropriate Schedule. ¶ 323. Section 2(f). All those who have completed at least fifteen (15) semester...
Section 2(a). (1) Section 2A of the Loan Agreement is amended by restating Section 2A.1(f)(ii) as follows:
