Repayment of Loan. 1. A loan recipient who remains in the employment of Bremen Public Schools shall repay the BANK the borrowed days at the minimum rate of three (3) days per school year until the loan is repaid. The minimum of three (3) days shall be transferred to the BANK at the beginning of each school year. At the member’s option, an additional loan payment may be made at the end of the year in an amount up to one-half (1/2) of the member’s accumulated sick leave.
Appears in 10 contracts
Samples: Bremen Public Schools, Bremen Public Schools, Bremen Public Schools
