Common use of Mandatory Direct Deposit Clause in Contracts

Mandatory Direct Deposit. Where not prohibited by State Law, all employees are required to use electronic deposit of their paychecks. If the employee is enrolled on Direct Deposit and the employee’s pay is not deposited to their bank accounts on payday due to Employer error, the employee’s pay will be deposited to the employee’s account by means of Electronic Funds Transfer or the employee will be paid by station draft that same day. If an employee is unable to obtain a bank account, he/she will be paid electronically using a pay card/debit card. If for reasons beyond the Employer’s control, such as weather delays, express mail failure, etc. an employee’s “paycheck” or debit card does not arrive at the employee’s facility by payday, a replacement check will be issued and mailed to the employee’s facility by the end of the business day.

Appears in 4 contracts

Samples: Extension of the Agreement for the Restructuring of the Yrc Worldwide Inc. Operating Companies (YRC Worldwide Inc.), Extension Agreement for the Restructuring of the Yrc Worldwide Inc. Operating Companies, Extension of the Agreement for the Restructuring of the Yrc Worldwide Inc. Operating Companies

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