Common use of Pay Plan Clause in Contracts

Pay Plan. a. All employees on an annual salary shall receive 24 pays each year. Payday shall be the 15th and last day of each month. When regular paydays fall on a Saturday, Sunday, or holidays, pay shall be delivered on the last preceding workday. b. A Bargaining Unit Member will be paid in 24 pays automatically deposited by electronic transfer of funds. c. In the case of an emergency, an employee may elect to halt electronic payments and still receive a paper check for one (1) pay period.

Pay Plan. a. A. All employees on an annual salary shall receive 24 pays each year. Payday shall be the 15th and last day of each month. When regular paydays fall on a Saturday, Sunday, or holidays, pay shall be delivered on the last preceding workday. b. B. A Bargaining Unit Member will be paid in 24 pays automatically deposited by electronic transfer of funds. c. C. In the case of an emergency, an employee may elect to halt electronic payments and still receive a paper check for one (1) pay period.