Methods of Pay Sample Clauses
The "Methods of Pay" clause defines the acceptable forms and procedures for making payments under the agreement. It typically outlines whether payments should be made via check, wire transfer, electronic funds transfer, or other specified methods, and may include details such as required account information or payment processing timelines. By clearly specifying how payments are to be made, this clause helps prevent disputes and confusion regarding payment logistics, ensuring both parties understand and agree on the payment process.
Methods of Pay. At the election of the Employer one of the following options of payment will be utilized:
a. Direct Deposit in employee’s bank account. (In the case of direct deposit to an employee's bank account, the employer’s bank statement Electronic Fund Transfer (EFT) effective date shall serve as the cutoff for any penalty.)
Methods of Pay. Twelve (12) equal monthly payments beginning with September. The June check is paid on the teacher's last workday in June. The July and August checks are paid by June 30 by separate checks.