Monthly Payroll Conversion Sample Clauses

Monthly Payroll Conversion. The parties agree that all Bargaining Unit 12, Caltrans employees, who are currently on a negative/semi-monthly payroll cycle will be transitioned to a negative monthly payroll cycle effective July 1, 2020. To assist employees during the transition, Caltrans will issue eligible employees a one- time supplemental payment of $1,200 (pro-rated for seasonal and less than full-time employees). This transitional supplemental pay is contingent upon the implementation of monthly pay as described above, and will be issued no later than 15 calendar days after the implementation date. The amount will be subject to tax withholdings and is excluded from compensation for purposes of retirement contributions. The transitional supplement will not be paid to employees hired on or after the implementation of a monthly payroll cycle.
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Monthly Payroll Conversion. The parties agree that all Bargaining Unit 12, Caltrans employees, who are currently on a negative/semi-monthly payroll cycle will be transitioned to a negative monthly payroll cycle effective July 1, 2014. The Parties will meet, in accordance with 2.26, Timely Payment of Wages Committee (Caltrans), to agree upon the process for transition to the monthly system. Upon 12 months after completion of the transition, the parties shall meet and evaluate the effectiveness of the monthly system.
Sample 1

Related to Monthly Payroll Conversion

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Special Enrollment Period An eligible individual and eligible dependents may be enrolled during special enrollment periods. A special enrollment period may apply when an eligible individual or eligible dependent loses other health coverage or when an eligible individual acquires a new eligible dependent through marriage, birth, adoption or placement for adoption.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • When Must Distributions from a Traditional IRA Begin You must begin receiving the assets in your account no later than April 1 following the calendar year in which you reach RMD age.

  • Deposit Pay ment of The Fixed Reserve Price 5.1. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

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