The salary of a teacher shall be paid according to the following:
The amount of salary earned during the school year by a teacher shall be determined by taking, as a fraction, the total number of teaching days a teacher is employed in each of the fall and spring terms over the total number of teaching days in the fall and spring terms as prescribed by the Minister of Education, multiplied by the salary rates in effect during the fall and spring term and aggregated.
A) Salary payments shall be made by direct deposit on or before the twenty-fifth day of each month or on the last teaching day before a break, whichever is sooner but no earlier than the twentieth day of the month.
B) Salaries of a teacher employed as of the first teaching day of the school year shall be paid in twelve (12) equal monthly instalments, with the July and August deposits made at the end of June. For calculation purposes, the school year salary shall be deemed to be defined as the fall term representing 40%, and the spring term as 60% of the salary rates in effect.
C) Salaries of a teacher commencing employment after the first teaching day of the school year shall be paid in instalments calculated as follows:
i) In the first month of employment, the salary shall be paid in the fraction of the salary rate in effect as the number of days employed in that month is of the total number of days prescribed by the Minister for the school year.
ii) Thereafter, the monthly instalments shall be determined by dividing the salary entitlement for the balance of the school year, by the number of months remaining to August 31st next.
D) A teacher employed for a specific term of less than a school year, shall be paid monthly in approximately equal instalments. Any and all adjustments will be made on the final payment.
E) When by reason of changes in the terms of this agreement the salary of a teacher is changed, the new salary shall be paid in the month following the date of signing of the agreement and any retroactive adjustments shall be included in the salary pay for that month.
Where a teacher leaves the employ of the Board during the course of the school year, the final payment shall be so adjusted that the teacher shall receive, for the part of the school year employed such fraction of the salary for the whole school year as the number of teaching days employed is of the number of days prescribed by the Minister for that school year.