Compensation Formula. Properly approved and accepted professional growth activities will be compensated under the following formula: 15 hours of participation = 1 credit 1 credit = $25.00 per credit after September 1, 1987, with $15.00 and $20.00 per credit prior to September 1, 1987. Compensation for professional growth will be made in one (1) lump sum payment in November or April. Subsequent payment will be incorporated in the annual gross salary of the following years.
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