a. Annual salary will be paid in 26 (or 27 if applicable) equal installments by direct deposit to a financial institution of the teacher’s choosing, on a bi-weekly basis from September to June. At the end of the school year, outstanding salary installments will be paid to the teacher on the last teaching day in June.
b. The first installment in a school year will be paid the first or second teaching Friday.
c. Where applicable, the per diem rate shall be annual salary divided by the number of school days in a school year.
d. When a teacher leaves the employ of the Division or is granted long term leave without pay, the final payment shall be the difference between the product of the number of days taught in the school year multiplied by the per diem rate and the total gross pay already received by the teacher during the school year.
e. The Division shall deposit salary directly into the financial institution of the employee’s choice.