Common use of Regular Pay Period Clause in Contracts

Regular Pay Period. Pay periods for all teachers shall be semi-monthly in 24 equal installments annually beginning August 30. Semi-monthly payments shall be made the 15th and 30th of each month except that payment will be on the last preceding business day if the 15th or 30th falls on a weekend or holiday.

Regular Pay Period. Pay periods for all teachers shall be semi-monthly in 24 twenty-four (24) equal installments annually beginning August 30. Semi-monthly payments shall be made the 15th fifteenth (15th) and 30th thirtieth (30th) of each month except that payment will be on the last preceding business day if the 15th or 30th falls on a weekend or holiday.