Mistakes in Payment Sample Clauses

Mistakes in Payment. In the event of a mistake in payment resulting in underpayment, corrections shall be made by the next pay period. In cases of hardship, every effort shall be made to compensate the employee immediately. An overpayment of salary may be deducted from the following month's payroll prorated equally over the same number of pay periods that the overpayment occurred. In the event that overpayment is made on the final pay period of an employee leaving the District, the employee agrees to immediately repay such overpayment to the District.
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Mistakes in Payment. The receipt or acceptance by Equilink of any of the statements furnished pursuant to this Agreement, or of payments hereunder, or the cashing of any checks paid hereunder shall not preclude Equilink from questioning the correctness thereof. If any inconsistencies or mistakes are discovered in such statements or payments, they shall immediately be rectified and the appropriate payment made to the party to which such payment is owed.

Related to Mistakes in Payment

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury Xxxx rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.

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