Paragraph 3 No exchange teaching leave shall be granted for a period longer than one school year. The teacher receiving such a leave shall be entitled to all of the rights and benefits of employment he/she would have received had he/she performed his/her regularly contracted functions during the period of such leave. No such leave shall be granted until the questions as to which school district shall pay the salary and other employment obligations of such teacher have been resolved in a written agreement between the school districts concerned.
Section 16 means Section 16 of the Exchange Act and the rules promulgated thereunder and any successor provision thereto as in effect from time to time.
Section 102 means Section 102 of the Ordinance and any regulations, rules, orders or procedures promulgated thereunder as now in effect or as hereafter amended.
Article 55 BRRD means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.
Section 4(2) shall have the meaning set forth in the recitals of this Agreement.