Common use of Pay Warrants Clause in Contracts

Pay Warrants. 11.3.1 All employees will have their salary paid in twelve (12) equal warrants except when an eligible employee exercises the option described in 11.3.2. Each warrant shall contain one-twelfth (1/12) of the contracted salary.

Pay Warrants. 11.3.1 28.2.1 All employees will have their salary paid in twelve (12) equal warrants except when an eligible employee exercises the option described in 11.3.2warrants. Each warrant shall contain one-twelfth (1/12) of the contracted salary.