Common use of Pay Options Clause in Contracts

Pay Options. Principals will be paid on the twenty-six (26) pay schedule. However, the last paycheck for a Principal whose employment terminates before the end of the fiscal year shall be reduced to reflect the number of duty days worked multiplied by the Principal’s daily rate.

Pay Options. Principals will be paid on the twenty-six (26) pay schedule. However, the last paycheck for a Principal whose employment terminates before the end of the fiscal year shall be reduced to reflect the number of duty days worked multiplied by the Principal’s daily ly rate.