ELIGIBLE PAYEES; CHECK AND ACH PAYMENTS Sample Clauses

ELIGIBLE PAYEES; CHECK AND ACH PAYMENTS. Payees must be physically located in the United States. Payees that are already in Bill Pay Service database are eligible to receive ACH and/or check payments. Payees not in the Bill Pay Service database are only eligible to receive check payments. If you attempt to use the Bill Pay Service to pay a payee that is not, at that time, in the Bill Pay Service database you will receive a message online that the payee is only eligible to receive a check payment, and you will be asked to authorize such a check payment or cancel the requested transaction. Check payments will be mailed using first class mail, postage prepaid, to your designated payee using the address and other information you provide through the Bill Pay Service (or, if applicable, information provided by the payee to the Bill Pay Service). Checks may include an expiration date of not less than 180 days from the check issuance date and will include or be accompanied by information identifying you or your account with the payee (based on information you provide through the Bill Pay Service). You must schedule the requested bill payment date (the requested check mailing date) for a Bill Pay Service transaction sufficiently in advance of the bill's payment due date to allow sufficient time for processing, mailing and delivery of the check to your payee (taking into account, such things as weekends and holidays). You also agree to allow sufficient processing time for an ACH payment to an eligible payee in the Bill Pay Service database. You agree that we or our authorized provider may send ACH payments to eligible payees in the Bill Pay Service database using then-current information as provided by the payees. You also agree that if for any reason we or our authorized provider determines that we are unable to send an ACH payment successfully to an eligible payee in the Bill Pay Service database, we or our authorized provider may choose instead to send the payment to the payee in the form of a check. You agree that the Bill Pay Service will not necessarily process requested bill payments using the most expeditious available means or on a same-day or similar expedited basis. If your payment request is submitted before 4:00 PM ET (or scheduled on a Business Day) the payment request will be submitted or scheduled for that Business Day. If your payment request is submitted after 4:00 PM ET (or scheduled on a non-Business Day), the payment request will be submitted or scheduled the next Business Day. You can...
Sample 1
AutoNDA by SimpleDocs

Related to ELIGIBLE PAYEES; CHECK AND ACH PAYMENTS

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a Xxxx XXX may not be rolled over into a Traditional IRA. If you have a 401(k), Xxxx 401(k) or Xxxx 403(b) and you wish to rollover the assets into an IRA you must roll any designated Xxxx assets, or after tax assets, to a Xxxx XXX and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Saver’s Credit for IRA Contributions A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • Requiring Minimum Compensation for Covered Employees a. Contractor agrees to comply fully with and be bound by all of the provisions of the Minimum Compensation Ordinance (MCO), as set forth in San Francisco Administrative Code Chapter 12P (Chapter 12P), including the remedies provided, and implementing guidelines and rules. The provisions of Sections 12P.5 and 12P.5.1 of Chapter 12P are incorporated herein by reference and made a part of this Agreement as though fully set forth. The text of the MCO is available on the web at xxx.xxxxx.xxx/xxxx/xxx. A partial listing of some of Contractor's obligations under the MCO is set forth in this Section. Contractor is required to comply with all the provisions of the MCO, irrespective of the listing of obligations in this Section.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

Time is Money Join Law Insider Premium to draft better contracts faster.