Common use of Payroll Installments Clause in Contracts

Payroll Installments. Each employee shall be paid as close as possible one/twenty-fourth (1/24th) or one/twentieth (1/20th) of his or her annual salary on the first (1st) and fifteenth (15th) day of each month. If the pay date falls on a weekend, holiday or vacation period, the employee shall receive his or her paycheck on the last working day preceding the weekend, holiday or vacation period. The only exception shall be that the January 1 and July 1 paychecks shall be issued on the first workday following those dates, respectively. Paychecks shall be negotiable on the date they are issued. Such payment (one/twentieth or one/twenty-fourth) shall be at the option of the employee who will give written notice to the Employer thirty (30) days prior to the first paycheck. ESP’s will be given a separate sheet which lists all extra pay for extra hours worked, trips, assigned duties outside the regular work day and overtime pay as per the overtime provision of this agreement. The dates of such work will be included.

Payroll Installments. Each employee shall be paid as close as possible one/twenty-fourth (1/24th) or one/twentieth (1/20th) of his or her annual salary on the first (1st) and fifteenth (15th) day of each month. If the pay date falls on a weekend, holiday or vacation period, the employee shall receive his or her paycheck on the last working day preceding the weekend, holiday or vacation period. The only exception shall be that the January 1 and July 1 paychecks shall be issued on the first workday following those dates, respectively. Paychecks shall be negotiable on the date they are issued. Such payment (one/twentieth or one/twenty-fourth) shall be at the option of the employee who will give written notice to the Employer thirty (30) days prior to the first paycheck. ESP’s ESPs will be given a separate sheet which lists all extra pay for extra hours worked, trips, assigned duties outside the regular work day and overtime pay as per the overtime provision of this agreement. The dates of such work will be included.

Payroll Installments. Each employee shall be paid as close as possible one/twenty-fourth (1/24th) or one/twentieth (1/20th) of his or her their annual salary on the first (1st) and fifteenth (15th) day of each month. If the pay date falls on a weekend, holiday or vacation period, the employee shall receive his or her their paycheck on the last working day preceding the weekend, holiday or vacation period. The only exception shall be that the January 1 and July 1 paychecks shall be issued on the first workday following those dates, respectively. Paychecks shall be negotiable on the date they are issued. Such payment (one/twentieth or one/twenty-fourth) shall be at the option of the employee who will give written notice to the Employer thirty (30) days prior to the first paycheck. ESP’s will be given a separate sheet which lists all extra pay for extra hours worked, trips, assigned duties outside the regular work day and overtime pay as per the overtime provision of this agreement. The dates of such work will be included.