Sabbatical Leave of Absence Surety Bonds guarantee that educational institutions and school districts are fully reimbursed for the salary issued to an employee during an approved sabbatical leave of absence in the event that said employee fails to return to work and render a two year period of service upon its conclusion.
A sabbatical leave of absence refers to a predetermined span of time during which an employee does not actively report to their employer, nor perform normal job functions, while remaining employed and continually compensated by their employer. The amount associated with the surety bond is usually determined by the total salary paid over the course of the sabbatical leave of absence.