Common use of Payroll Schedule Clause in Contracts

Payroll Schedule. All bargaining unit members shall receive their scheduled salary payments via direct deposit to the financial institution(s) of the member’s choice. New hires shall have one pay period (approximately two weeks) to notify the district of their choices and complete the necessary paperwork. a. Members may elect to receive their salary under one of the following options: i. Contract Year: Spread in equal installments over the contract year, generally September to August (26 pays) ii. School Year: Spread in equal installments over the school year, generally September to June (21 pays) iii. Lump Sum At End: Spread in equal installments as though over the contract year, with a lump sum in June for the balance (20 + 1 pays) b. Teachers who have elected to receive their salary in contract year installments (i. above) may request to switch to the lump sum option (iii. above) by written notification to the chief financial officer on or before May 1. c. The above language shall not be construed to prohibit the first pay from beginning in August when the bi-weekly or semi-monthly payroll schedule dictates. d. It is also recognized that from time to time, it will be necessary to schedule contract year pays (i. above) over 27 pays instead of 26 pays. In that case, the following will occur: i. Contract year pays will be spread over 27 pays. ii. School year pays will continue to be spread over 21 pays. iii. Lump sum option pays will be spread over 21 + 1 pays, with the lump sum being equal to 6/27 of the contract amount. e. A determination shall be made by April 1 of each year whether 27 pays will be required for the following contract year. The Association president shall be notified by April 1 if it is determined that 27 pays shall be necessary. f. Should the district begin to schedule salary payments on a semi-monthly basis, paragraphs d and e above will be null and void and the salary options in paragraph a above will be modified as follows: i. Contract Year: Spread in equal installments over the contract year, September through August (24 pays, paid on the 5th and 20th of each month except when the 5th or 20th occurs on a weekend). Note: Each

Payroll Schedule. All bargaining unit members shall receive their scheduled salary payments via direct deposit to the financial institution(s) of the member’s choice. New hires shall have one pay period (approximately two weeks) to notify the district of their choices and complete the necessary paperwork. a. Members may elect to receive their salary under one of the following options: i. Contract Year: Spread in equal installments over the contract year, generally September to August (26 pays) ii. School Year: Spread in equal installments over the school year, generally September to June (21 pays) iii. Lump Sum At End: Spread in equal installments as though over the contract year, with a lump sum in June for the balance (20 + 1 pays) b. Teachers who have elected to receive their salary in contract year installments (i. above) may request to switch to the lump sum option (iii. above) by written notification to the chief financial officer on or before May 1. c. The above language shall not be construed to prohibit the first pay from beginning in August when the bi-weekly or semi-monthly payroll schedule dictates. d. It is also recognized that from time to time, it will be necessary to schedule contract year pays (i. above) over 27 pays instead of 26 pays. In that case, the following will occur: i. Contract year pays will be spread over 27 pays. ii. School year pays will continue to be spread over 21 pays. iii. Lump sum option pays will be spread over 21 + 1 pays, with the lump sum being equal to 6/27 of the contract amount. e. A determination shall be made by April 1 of each year whether 27 pays will be required for the following contract year. The Association president shall be notified by April 1 if it is determined that 27 pays shall be necessary. f. Should the district begin to schedule salary payments on a semi-monthly basis, paragraphs d and e above will be null and void and the salary options in paragraph a above will be modified as follows: i. Contract Year: Spread in equal installments over the contract year, September through August (24 pays, paid on the 5th and 20th of each month except when the 5th or 20th occurs on a weekend). Note: Each ii. School Year: Spread in equal installments over the school year, September through June (20 pays, paid on the 5th and 20th of each month); see note in i. above.