Common use of Pay Installments Clause in Contracts

Pay Installments. Payday shall generally be every other Friday; and teachers may annually elect, in advance of the first pay period of each school year, one of the following payment options: a. Twenty-one (21) bi-weekly installments; or b. Twenty-six (26) bi-weekly installments (except for certain years when it will be 27). The payment option elected shall be irrevocable for the balance of the school year. Paychecks shall be distributed to teachers in sealed envelopes.

Appears in 7 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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