Common use of For July and August Clause in Contracts

For July and August. i. Interest to June 30th is calculated on the plan and added to the individual employee’s accumulation in the Payroll Savings Plan. ii. The amount calculated under Article B.8.12.b.i is divided into four (4) and transferred into the employee’s bank account on July 15, July 31, August 15 and August 31. Notice of such calculation shall be included with the regular pay slip for June 30th.

For July and August. i. Interest to June 30th is calculated on the plan and added to the individual employee’s employee‟s accumulation in the Payroll Savings Plan. ii. The amount calculated under Article B.8.12.b.i is divided into four (4) and transferred into the employee’s employee‟s bank account on July 15, July 31, August 15 and August 31. Notice of such calculation shall be included with the regular pay slip for June 30th.