Common use of Repaying an Overpayment Clause in Contracts

Repaying an Overpayment. 1. The Repayment Plan (hereinafter also the “Plan”) worked out on an individual basis between the Flight Attendant and the payroll department will be negotiated between the individual Flight Attendant and her/his Flight Service Manager. 2. Once notified by the Flight Service Manager that the Flight Attendant has been overpaid and repayment of monies is due, the Flight Attendant must contact and negotiate a Repayment Plan with a Flight Service Manager within two pay periods following the receipt of notification. If the Flight Attendant and the Flight Service Manager are not able to successfully negotiate a Repayment Plan within the stated time period, details of the Plan will default to those contained in this Agreement ($25.00 minimum amount per pay period; Plan not to exceed two (2) years in duration). 3. The Repayment Plan will contain a minimum payment of the lesser of twenty-five dollars ($25.00) per pay period or the remaining balance due. 4. The duration of the Repayment Plan may not exceed two (2) years. It is understood that as closely as feasible, each payment pursuant to such a plan will be of an amount equal to all other payments under the Plan. For example, a two-year Repayment Plan of an overpayment of $2,000.00 would be repaid in forty-seven (47) equal $41.67 installments plus a final installment of $41.51. 5. Payments made pursuant to such a Plan will be by payroll deduction. The Flight Attendant will execute such forms as are necessary to execute the Plan. If a Flight Attendant goes into an “unpaid” status for any reason, the repayment obligation will cease until such time as the Flight Attendant returns to a “paid” status and her/his first paycheck is cut. 6. Once negotiated, the Flight Service Manager will be responsible for forwarding the individual Flight Attendant's Repayment Plan to the Company's payroll department. 7. If a Flight Attendant is on an unpaid status anticipated to last an entire bid period, she/he will be removed from payroll until three (3) days prior to the issuance of the mid-month (15th) paycheck. It is understood that this will be done for the sole purpose of reducing the possibility of an overpayment to that Flight Attendant. 8. It is understood that the Company agrees to continue giving consideration to the amount of overpayment and the Flight Attendant's ability to repay. 9. It is understood that time voluntarily dropped or deducted from a Flight Attendant's schedule shall not constitute an overpayment nor shall such Flight Attendant be eligible for the repayment provisions in paragraphs M.1. - M.8. above.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Repaying an Overpayment. 1. The Repayment Plan (hereinafter also the “Plan”) worked out on an individual basis between the Flight Attendant and the payroll department will be negotiated between the individual Flight Attendant and her/his Flight Service Manager. 2. Once notified by the Flight Service Manager that the Flight Attendant has been overpaid and repayment of monies is due, the Flight Attendant must contact and negotiate a Repayment Plan with a Flight Service Manager within two pay periods following the receipt of notification. If the Flight Attendant and the Flight Service Manager are not able to successfully negotiate a Repayment Plan within the stated time period, details of the Plan will default to those contained in this Agreement ($25.00 minimum amount per pay period; Plan not to exceed two (2) years in duration). 3. The Repayment Plan will contain a minimum payment of the lesser of twenty-five dollars ($25.00) per pay period or the remaining balance due. 4. The duration of the Repayment Plan may not exceed two (2) years. It is understood that as closely as feasible, each payment pursuant to such a plan will be of an amount equal to all other payments under the Plan. For example, a two-year Repayment Plan of an overpayment of $2,000.00 would be repaid in forty-seven (47) equal $41.67 installments plus a final installment of $41.51. 5. Payments made pursuant to such a Plan will be by payroll deduction. The Flight Attendant will execute such forms as are necessary to execute the Plan. If a Flight Attendant goes into an “unpaid” status for any reason, the repayment obligation will cease until such time as the Flight Attendant returns to a “paid” status and her/his first paycheck is cut. 6. Once negotiated, the Flight Service Manager will be responsible for forwarding the individual Flight Attendant's Repayment Plan to the Company's payroll department. 7. If a Flight Attendant is on an unpaid status anticipated to last an entire bid period, she/he will be removed from payroll until three (3) days prior to the issuance of the mid-month (15th) paycheck. It is understood that this will be done for the sole purpose of reducing the possibility of an overpayment to that Flight Attendant. 8. It is understood that the Company agrees to continue giving consideration to the amount of overpayment and the Flight Attendant's ability to repay. 9. It is understood that time voluntarily dropped or deducted from a Flight Attendant's schedule shall not constitute an overpayment nor shall such Flight Attendant be eligible for the repayment provisions in paragraphs M.1. - M.8. above.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!