Common use of Interest on Fees Clause in Contracts

Interest on Fees. Bargaining unit members who elect payment of fees by payroll deduction shall not be charged any fees for this service. In- terest on the outstanding balance will not be applied to the accounts of members who apply for and authorize payment by this method, in writing, on the appropriate form, to be completed in the Faculty of Graduate Studies Office by the required deadline. No member shall have collective agreement payments which are processed through the student account system (with the exception of graduate financial assistance) reduced by an amount owing without the member’s written permission. The permission form shall inform the employee that she has the right to consult the Union before signing the form.

Interest on Fees. Bargaining unit members who elect payment of fees by payroll deduction shall not be charged any fees for this service. In- terest Interest on the outstanding balance will not be applied to the accounts of members who apply for and authorize payment by this method, in writing, on the appropriate form, to be completed in the Faculty of Graduate Studies Office by the required deadline. No member shall have collective agreement payments which are processed through the student account system (with the exception of graduate financial assistance) reduced by an amount owing without the member’s written permission. The permission form shall inform the employee that she has the right to consult the Union union before signing the form.