a) Salaries of teachers on Teacher General Contracts shall be paid in twenty-four (24) approximately equal semi-monthly payments, one payment on the 15th of the month and one payment on the last day of the month. If any of these days occur on a weekend or statutory holiday, payments will be made on the last immediately preceding banking day.
Salaries of teachers on Limited Term Contracts shall be paid in twenty (20) approximately equal semi-monthly payments, one payment on the 15th of the month and one payment on the last day of the month. If any of these days occur on a weekend or statutory holiday, payments will be made on the last immediately preceding banking day.