Common use of Payroll Computation Procedures Clause in Contracts

Payroll Computation Procedures. Section 1. All employees shall normally be paid no later than the first of the month. When a payday occurs on Monday through Friday, payroll checks shall be released to employees on that day. When a payday falls on a Saturday, Sunday or Holiday, employee paychecks shall be made available after 8 a.m. on the last working day of the month. The release day for December's paycheck(s) dated January 1 shall be the first working day in January to avoid the risk of December's paycheck(s) being included in the prior year's earnings for tax purposes.

Appears in 8 contracts

Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement

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