Common use of Overpayments and Underpayments Clause in Contracts

Overpayments and Underpayments. (a) In the event of an error on an Employee’s pay, the correction will be made in the pay period following the date on which the error comes to the Employer’s attention. If the error results in an Employee having been underpaid by seventy-five dollars ($75.00) or more, the Employer will provide payment for the shortfall within three (3) business days from the date it is notified of the error except in extenuating circumstances. (b) If an Employee is overpaid, the Employer will collect the overpayment after it has arranged a reasonable schedule of repayment with the Employee. The minimum bi-weekly repayment will be twenty-five dollars ($25.00). (c) In the event the Employee retires from or leaves the employ of the Employer before the Employer is able to fully recover an overpayment as contemplated in this Clause, the Employer shall be entitled to make a full recovery at the time of retirement or termination of employment of that Employee and reduce accordingly any payments that might be owing to that Employee to recover the overpayment. (d) The maximum period for correction of any underpayment or overpayment shall be six (6) months from the date the error is confirmed by the Employer.

Overpayments and Underpayments. (a) In the event of an error on an Employee’s pay, the correction will be made in the pay period following the date on which the error comes to the Employer’s attention. If the error results in an Employee having been underpaid by seventy-five dollars ($75.00) or more, the Employer will provide payment for the shortfall within three (3) business days from the date it is notified of the error except in extenuating circumstances. (b) If an Employee is overpaid, the Employer will collect the overpayment after it has arranged a reasonable schedule of repayment with the Employee. The minimum bi-bi- weekly repayment will be twenty-five dollars ($25.00). (c) In the event the Employee retires from or leaves the employ of the Employer before the Employer is able to fully recover an overpayment as contemplated in this Clause, the Employer shall be entitled to make a full recovery at the time of retirement or termination of employment of that Employee and reduce accordingly any payments that might be owing to that Employee to recover the overpayment. (d) The maximum period for correction of any underpayment or overpayment shall be six (6) months from the date the error is confirmed by the Employer.