Common use of For July and August Clause in Contracts

For July and August. i. The amount held in each teacher’s account with the Royal Bank of Canada’s Trusteed Deposit Services, including all interest earned to June 30, will be paid by the Board in four equal payments, to the employee’s primary bank account on file in the Payroll Department records. The four equal payments will occur on July 15th and 31st, and August 15th and 31st. If any of these four dates are non- banking days, the payment will be made on the last banking day proceeding these dates.

For July and August. i. The amount held in each teacher’s teacher‘s account with the Royal Bank of Canada’s Canada‘s Trusteed Deposit Services, including all interest earned to June 30, will be paid by the Board in four equal payments, to the employee’s employee‘s primary bank account on file in the Payroll Department records. The four equal payments will occur on July 15th and 31st, and August 15th and 31st. If any of these four dates are non- banking days, the payment will be made on the last banking day proceeding these dates.