Teacher Computer Buy Program Clause Samples

Teacher Computer Buy Program. Teachers may buy a computer and printer through the District 75 Computer Buy Program with the following provisions:  First Midwest Bank of Mundelein must qualify participants for a loan.  Payments will be made through a payroll deduction for one or two years.  District 75 will reimburse the participant for interest on the loan up to the prime rate at the time of the initial loan upon presentation of the paid bank loan note.  Each participant will be limited to one personal workstation system within a 24 month period.  Maximum interest reimbursement is based upon a loan of $2,000.  Participating employees will sign a salary reduction agreement authorizing the District to deduct the monthly payment from the employee’s paycheck and to transmit the payment to First Midwest Bank of Mundelein on the employee’s behalf.