Method and Time of Salary Payment Sample Clauses

Method and Time of Salary Payment. Regular teachers shall have the following options for receiving their paychecks: Option A: Twenty-six (26) equal biweekly installments, starting no later than the second week of the school year. Option B: Twenty-six (26) equal biweekly installments, starting no later then the second week of the school year, with a final lump sum payment in June of all installments remaining unpaid at the close of the school year. Option C: Twenty-two (22) equal biweekly installments, starting no later than the second week of the school year. Each teacher shall be required to choose one of the above options for each succeeding year on June l5, or on the date of hire. The choice made shall be irrevocable for the year of choice. Payroll deduction arrangements to cover summer leave obligations shall be standardized by the District for each group of optionees. The BOARD shall have the right to fix the day of the week paychecks shall be distributed to coincide with the requirements of the city's payroll processing system. Paychecks shall be distributed to personnel in individual envelopes. The District may institute delivery of direct deposit slips by electronic means, subject to requirements of state law. If a teacher leaves or dies during the school year, the teacher or the teacher's estate shall be entitled to a prorated share of the teacher's contract salary based on the period of service in days in relation to the number of days schools are in session during the school year, minus the compensation already paid.
AutoNDA by SimpleDocs
Method and Time of Salary Payment. 1. Covered employees shall receive their pay on alternate Fridays. Each employee shall have the option of receiving his/her annual salary on a pro rata basis over 52 weeks with 26 equal payments or to receive his/her salary calculated on the same pro rata basis through 22 equal payments, but with a lump sum payment to the employee for summer pay on the first pay day after July 1 of each year. Each newly hired employee shall make the selection of an option prior to receipt of his/her first paycheck of the year. Each established employee shall notify the Business Office of change in selection prior to August 1 of the year in which the change is to become effective. If no notification is made to the Business Office, the employee shall be paid on the basis of his/her last request or, where no request exists, in 26 equal payments.
Method and Time of Salary Payment. 1. Salaries of members of the Bargaining Unit shall be paid in twenty-six (26) or twenty-one (21) equal gross installments, at the option of the member of the Bargaining Unit, starting no later than the second work week in September and continuing bi-weekly. A member of the Bargaining Unit will receive all remaining installments owed in one sum on the last day of the work year.
Method and Time of Salary Payment. Teachers shall receive their pay on Fridays and may elect one of the following methods for payment. In the absence of an election, teachers shall be paid under method (1) below:
Method and Time of Salary Payment. Teachers shall be paid on a bi-weekly basis commencing on the first Friday after school opens. Bi-weekly pay shall be computed based on twenty-six (26) equal installments and shall be payable in twenty-two (22) bi-weekly payments or 22 payments and a final payment in June, equaling four (4) bi-weekly installments or twenty-six (26) equal installments. The annual salary of a teacher working less than full-time shall be pro-rated based on their FTE percentage.
Method and Time of Salary Payment. The annual salary of a teacher on a one hundred eighty seven day contract shall be computed on the basis of twenty six (26) bi-weekly installments commencing no later than the second week of school and shall be payable in twenty one (21) bi-weekly payments and a final payment in June, equaling five (5) bi-weekly installments. A teacher, upon written request, may have the annual salary computed and paid on the basis of twenty-one (21) nearly equal payments. This election must be made in writing at least one week prior to the first day of work for the school year to which the election applies (e.g. prior to the first day on which the employee must report to school for the school year). The election, once made, is irrevocable for that school year. Late submissions cannot and will not be accepted in order to comply with IRS Code 409(A). In the event that a timely election is not made, payments to the employee will default to the regular bi-weekly pay period schedule for the applicable school year published by the school district/SAU by which the employee is employed. In the event of the voluntary separation from service, retirement, or death of an employee who has made such an election, all deferred amounts of compensation due will be paid to the employee at the end of the pay period in which the event occurs. In the event of an involuntary separation from service, all deferred amounts of compensation due will be paid to the employee in accordance with the laws of the State of New Hampshire. If a normally scheduled payday falls during a vacation, checks will be issued on the last school day prior to vacation.
Method and Time of Salary Payment. All employees who are members of the bargaining unit covered by this Agreement shall have their salaries paid in twenty-one (21) equal bi-weekly installments, based upon time records submitted pursuant to Section C, below. All employees will be required to enroll in the payroll direct deposit program offered by the District. If an employee leaves or dies during the school year, he/she or his/her estate shall be entitled to any compensation earned, but not yet paid to the employee. Effective with the start of the 2013-2014 school year, all employees may elect to have their salaries deferred and paid in twenty-six (26) equal bi-weekly installments. Such voluntary election shall made be no later than May 20th of each year for the following school-year, or within two (2) weeks of an employee’s date of hire, using the Paraprofessional Payroll Deferral Form mutually agreed to by the parties. Once an employee has voluntarily elected to have their salary deferred and paid in twenty-six (26) equal bi-weekly installments, such election shall remain in effect for the remainder of the school-year for which such election has been made, and will continue thereafter from year to year, until deferral is stopped by the member, using the Paraprofessional Payroll Deferral Form mutually agreed to by the Parties and attached hereto at Appendix B. All payroll deductions shall be deducted from an employee’s payroll based on the equal number of bi-weekly installments elected by the employee.
AutoNDA by SimpleDocs
Method and Time of Salary Payment a. Salaries of members of the Leadership Team bargaining unit who work less than 211 days per year shall be paid in twenty-six (26) or twenty-one
Method and Time of Salary Payment. 1. Salaries of teachers shall be paid in forty-two (42) weekly installments, starting with the second week of the school year in September, and continuing until the payment of the forty-second installment. All installments shall be paid before June 30. If a teacher leaves or dies during the school year, their estate shall be entitled to a prorated share based on their period of service in relation to the number of days schools are in session during the school year, minus the compensation already paid. The annual salary including career increments, differentials, and advance degrees shall be divided by 180 and multiplied by the appropriate number of days.
Method and Time of Salary Payment. 1. Salaries shall be paid in forty-two (42) weekly installments, starting with the second week of the school year in September, and continuing until the payment of the forty-second installment. All installments shall be paid before June 30th. If a bargaining unit member leaves or dies during the school year, they or their estate shall be entitled to a prorated share based on their period of service in relation to the number of days schools are in session during the school year, minus the compensation already paid. The annual salary including career increments, differentials, and advanced degrees shall be divided by 180 and multiplied by the appropriate number of days.
Time is Money Join Law Insider Premium to draft better contracts faster.