Common use of Optional Pay Plan Clause in Contracts

Optional Pay Plan. 1. Employees wishing to select the Optional Pay Plan must forward a signed request to Human Resource Services prior to the first scheduled pay date of each school year. Those employees who previously elected the Optional Pay Plan will remain on it unless specifically canceled in writing before the first scheduled pay date of each school year. 2. Employee leave time will be calculated on hours or days earned, and not hours or days paid. 3. All funds paid out under the regular or optional pay plans will be paid out by the end of the fiscal year (June 30).

Optional Pay Plan. 1. Employees wishing to select the Optional Pay Plan must forward a signed request to Human Resource Services prior to the first scheduled pay date of each school year. Those employees who previously elected the Optional Pay Plan will remain on it Optional Pay unless specifically canceled in writing before the first scheduled pay date of each school yearwriting. 2. Employee leave time will be calculated on hours or days earned, and not hours or days paid. 3. All funds paid out under the regular or optional pay plans will be paid out by the end of the fiscal year (June 30).

Optional Pay Plan. 1. Employees wishing to select the Optional Pay Plan must forward a signed request to Human Resource Services prior to the first scheduled pay date of each school year. Those employees who previously elected the Optional Pay Plan will remain on it unless specifically canceled in writing before the first scheduled pay date of each school yearwriting. 2. Employee leave time will be calculated on hours or days earned, and not hours or days paid. 3. All funds paid out under the regular or optional pay plans will be paid out by the end of the fiscal year (June 30).