Pay Distribution Sample Clauses
The Pay Distribution clause defines how and when payments will be allocated among the parties involved in an agreement. Typically, it outlines the schedule for disbursing funds, the method of payment, and the specific shares or percentages each party is entitled to receive. For example, it may specify that payments are made monthly via bank transfer, with each party receiving a predetermined portion. This clause ensures transparency and fairness in financial transactions, preventing disputes over payment timing or amounts.
Pay Distribution. Members of the bargaining unit will be compensated over the course of the year in twenty- six (26) equal biweekly pays. Direct deposit stubs will be available through the District's human resource web page. When an employee leaves employment from the District (resigns, retires, etc.), access to the web and email shall be available up to their last pay date. Severance will be paid by check rather than direct deposit. For the 2016-2017 school year only, there will be twenty-seven (27) pay dates from September 1, 2017, through August 31, 2018. As such, pay periods during the summer of 2017 shall be moved to the following dates: • June 9 through June 12 • June 23 through June 27 • July 7 through July 12 • July 21 through July 27 • August 4 through August 11
Pay Distribution. Employees may elect one of the following methods of distribution: 1) Direct Deposit into employee’s account; Or 2) Mail deposit by regular first-class mail at the United States Postal Service. Deposits to banks or mail shall be made on the pay dates as defined above. Changes in direct deposit status shall take effect as soon as practicable after the employee completes and submits the appropriate forms.
Pay Distribution. 24.1 All pays are computed on the basis of the work performed during each week as defined in Article VII, paragraph 7.1.
24.2 Pay distribution will normally be made every Friday for all pay due including overtime for work performed during the previous week, less taxes and other deductions for the previous week.
Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: Pay-Day Annual Salary * The Pay stubs for the December 24, 2003 pay date will be in the schools on December 19, 2003.
Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: Pay-Day Annual Salary All payments will be deposited directly in the employee’s bank account.
Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: 2004-2005 BI-WEEKLY PAY SCHEDULE Pay Days Portion of Annual Salary September 9, 2004 1/26 23 1/26 October 7 1/26 21 1/26 November 4 1/26 18 1/26 December 2 2/26 16 1/26 30* 1/26 January 13, 2005 1/26 27 1/26 February 10 1/26 24 1/26 March 10 1/26 24 1/26 April 7 1/26 21 1/26 May 5 1/26 19 1/26 June 2 1/26 16 1/26 30 4/26 * The pay stubs for the December 30, 2004 pay date will be in the schools on January 5, 2005. The cheques for the December 30, 2004 pay will be mailed. 2005-2006 BI-WEEKLY PAY SCHEDULE Pay Days Portion of Annual Salary September 8, 2005 1/26 22 1/26 October 6 1/26 20 1/26 November 3 1/26 17 1/26 December 1 2/26 15 1/26 29* 1/26 January 12, 2006 1/26 26 1/26 February 9 1/26 23 1/26 March 9 1/26 23 1/26 April 6 1/26 20 1/26 May 4 1/26 18 1/26 June 1 1/26 15 1/26 29 4/26 * The pay stubs for the December 29, 2005 pay date will be in the schools on December 23, 2005. The cheques for the December 29, 2005 pay will be mailed.
Pay Distribution. 6 Employees shall be paid in twelve (12) monthly installments by check or direct deposit, payments to 7 be made on or before the last banking day of each month. * 8 9 *One current employee will be grandfathered at a 10-(ten) month pay distribution. 10