THOMPSON TEACHERS' ASSOCIATION

EFFECTIVE PERIOD: 2014/07/01 - 2018/06/30 (EXPIRED)

ARTICLE 5 – LOANS

5.01 Special Course Loans

a. When the Board requests a teacher to take a course in preparation for a specific teaching assignment, the Board shall pay an allowance to a maximum of five hundred dollars ($500.00) towards expenditures incurred if the teacher contracts to return for a minimum of two (2) years after such a course. If this two (2) year contract period of service is not completed by the teacher, then the allowance shall be diminished in proportion of the number of uncompleted teaching days remaining in the contract period, and any money in excess of the calculated allowance received by the teacher shall be considered as a short term loan returnable to the Board within one (1) month of termination of employment.

b. When the request is made, if it appears that expenses will exceed five hundred dollars ($500.00), the Board may increase the amount commensurate with the additional expense. Such arrangements shall be made prior to the course being taken.