Common use of Payroll Periods and Paycheck Deliveries Clause in Contracts

Payroll Periods and Paycheck Deliveries. A. Employees in all departments will be carried on bi-weekly payrolls. There will be two (2) methods of paycheck and/or stub delivery to employees: 1. An employee may be paid by direct deposit to a checking or savings account at any financial institution that is a member of the U.S. Federal Reserve Automated Clearinghouse System. The paycheck stub will be made available to the employee in the most efficient manner possible. Payday will be on Friday following the close of each payroll period. Funds will be made available in the employee’s account on Friday following the close of a payroll. 2. An employee not electing to participate in direct deposit will receive his/her paycheck by U.S. mail addressed to his/her home address. The paycheck will be mailed 2-3 business days prior to the payday. B. Lump sum payments will be handled via normal paycheck delivery process.

Appears in 11 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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