Common use of Method and Time of Salary Payment Clause in Contracts

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.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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