Common use of Teacher Funded Leave Plan Clause in Contracts

Teacher Funded Leave Plan. 17.01 The Board agrees to a Teacher Funded Leave Plan which shall permit the teacher to take a one year self-funded leave in year three of a THREE year agreement, in year four of a FOUR year agreement, or year five of a FIVE year agreement. During his/her years in the teacher funded leave plan, the teacher shall agree to be paid by the Board at 66.67 per cent (for a THREE year agreement) or at 75 per cent (for a FOUR year agreement) or at 80 per cent (for a FIVE year agreement) of the salary normally paid under the applicable Collective Agreement subject to the conditions outlined below. There shall be no cost to the Board except that the Board shall pay 100% of the applicable statutory deductions during the leave. Interest paid on trust fund accounts shall be 2 per cent less than prime calculated and credited on the last day of each month. The duration of the agreement and the percentages of salary paid and withheld may be changed with the approval of both parties.

Teacher Funded Leave Plan. 17.01 (a) The Board agrees to a Teacher Funded Leave Plan which shall permit the teacher to take a one year self-self- funded leave in year three of a THREE year agreement, in year four of a FOUR year agreement, or year five of a FIVE year agreement. During his/her years in the teacher funded leave plan, the teacher shall agree to be paid by the Board at 66.67 per cent (for a THREE year agreement) or at 75 per cent (for a FOUR year agreement) or at 80 per cent (for a FIVE year agreement) of agreement)of the salary normally paid under the applicable Collective Agreement subject to the conditions outlined below. There shall be no cost to the Board except that the Board shall pay 100% of the applicable statutory deductions during the leave. Interest paid on trust fund accounts shall be 2 per cent less than prime calculated and credited on the last day of each month. The duration of the agreement and the percentages of salary paid and withheld may be changed with the approval of both parties.

Teacher Funded Leave Plan. 17.01 16.01 The Board agrees to a Teacher Funded Leave Plan which shall permit the teacher to take a one year self-funded leave in year three of a THREE year agreement, in year four of a FOUR year agreement, or year five of a FIVE year agreement. During his/her years in the teacher funded leave plan, the teacher shall agree to be paid by the Board at 66.67 per cent (for a THREE year agreement) or at 75 per cent (for a FOUR year agreement) or at 80 per cent (for a FIVE year agreement) of the salary normally paid under the applicable Collective Agreement subject to the conditions outlined below. There shall be no cost to the Board except that the Board shall pay 100% of the applicable statutory deductions during the leave. Interest paid on trust fund accounts shall be 2 per cent less than prime calculated and credited on the last day of each month. The duration of the agreement and the percentages of salary paid and withheld may be changed with the approval of both parties.