Receipt of Pay Clause Samples
The 'Receipt of Pay' clause establishes the conditions under which payment is considered to have been received by a party. Typically, it specifies the acceptable methods of payment, such as wire transfer, check, or electronic funds transfer, and may define the exact moment when payment is deemed effective—such as upon deposit, clearance, or actual receipt in the payee's account. This clause ensures clarity for both parties regarding when financial obligations are fulfilled, thereby reducing disputes over payment timing and helping to manage cash flow expectations.
Receipt of Pay. The Department agrees to take such steps as it reasonably can be expected to take to overcome problems created by tardy receipts or non-receipts of employee paychecks due to electronic or delivery errors. Where an employee is absent from work for lack of funds resulting from such errors, and demonstrates that his/her absence was so caused, these facts may be taken into consideration in mitigating any disciplinary action taken against the employee for the absence.
Receipt of Pay. Article 9 Employee Wellness Section 1.
Receipt of Pay. It is a condition of employment with ▇▇▇▇▇▇ that all employees establish an account for the purpose of direct deposit to receive regular payroll checks.