Common use of Deferred Pay Clause in Contracts

Deferred Pay. Faculty working a ten (10) month academic year may elect to participate in the District’s Twelve Month Deferred Pay Plan. The deadline for election of this option shall be August 1 in any academic year. The additional checks will be paid on June 30 and July 31. The calculation of deferred pay shall not include overload pay. The deferred pay election shall not be revocable until the commencement of the ensuing fiscal year. Enrollment in the deferred pay plan shall continue unless the faculty member provides written notice to the district to discontinue the plan beginning with the next fiscal year.

Deferred Pay. Faculty working a ten (10) or eleven (11) month academic year may elect to participate in the District’s Twelve Month Deferred Pay Plan. The deadline for election of this option shall be August 1 in any academic year. The additional checks pay will be paid issued on June 30 and July 31. The calculation of deferred pay shall not include overload pay. The deferred pay election shall not be revocable until the commencement of the ensuing fiscal year. Enrollment in the deferred pay plan shall continue unless the faculty member provides written notice to the district to discontinue the plan beginning with the next fiscal year.

Deferred Pay. Faculty working a ten (10) month academic year may elect to participate in the District’s District‟s Twelve Month Deferred Pay Plan. The deadline for election of this option shall be August 1 in any academic year. The additional checks will be paid on June 30 and July 31. The calculation of deferred pay shall not include overload pay. The deferred pay election shall not be revocable until the commencement of the ensuing fiscal year. Enrollment in the deferred pay plan shall continue unless the faculty member provides written notice to the district to discontinue the plan beginning with the next fiscal year.