Common use of Pay Option Clause in Contracts

Pay Option. APAs shall have the option of receiving their pay in twenty-six (26) equal installments in the course of each year. Each person desiring to exercise the option must annually notify payroll, in writing, as the APA begins employment for a school year (July 1 to June 30). The estimated total wage for that year will be divided by twenty-six (26) and beginning at the next pay date after starting work, the person will receive twenty-six (26) pay checks at two (2) week intervals. Once this option is exercised no change will be allowed.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Pay Option. APAs shall have the option of receiving their pay in twenty-six (26) equal installments or twenty-seven (27) equal installments (in 27 pay years) in the course of each year. Each person desiring to exercise the option must annually notify payroll, in writing, as the APA begins employment for a school year (July 1 to June 30). The estimated total wage for that year will be divided by twenty-six (26) and beginning at the next pay date after starting work, the person will receive twenty-six (26) pay checks at two (2) week intervals. Once this option is exercised no change will be allowed.six

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!