All salaries are to be paid on a twelve-month (12) basis. An advance of approximately 50% of the net salary shall be paid on the last teaching day before the 16 th day of the month. The balance of the net salary shall be paid on the last banking day of the month. Salary payments for July and August shall be deposited on the last banking day of the month of June.
Salary payment shall be made by direct deposit to the financial institution of the teacher's choice.
The Division shall only be required to deposit the salary payment to one account in one designated financial institution per teacher.
Any administrative costs in future changes to a designated financial institution shall be borne by the member of the Association who requests such a change.
Individual members shall not have the right to request exemptions from having their salaries so deposited.