Common use of Repayment Options Clause in Contracts

Repayment Options. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made unless a longer period is agreed to by the employee and the University. The payroll deduction to repay the overpayment will not exceed five percent (5%) of the employee’s disposable earnings in a pay period. However, the University and employee can agree to an amount that is more than the five percent (5%). The employee has the following options for paying back the overpayment: o Wage deduction o Cash o Check 4.9.2.1 If the employee fails to choose one of the three (3) options described above, within the timeframe specified in the University’s written notice of overpayment, the University will deduct the overpayment owed from the employee’s wages. This overpayment recovery will take place over a period of time equal to the number of pay periods during which the overpayment was made. 4.9.2.2 Any overpayment amount still outstanding at separation of employment will be deducted from the employee’s final paycheck.

Repayment Options. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made unless a longer period is agreed to by the employee and the University. The payroll deduction to repay the overpayment will not exceed five percent (5%) of the employee’s disposable earnings in a pay period. However, the University and employee can agree to an amount that is more than the five percent (5%). The employee has the following options for paying back the overpayment: o Wage deduction o Cash o Check 4.9.2.1 a. If the employee fails to choose one of the three (3) options described above, within the timeframe specified in the University’s written notice of overpayment, the University will deduct the overpayment owed from the employee’s wages. This overpayment recovery will take place over a period of time equal to the number of pay periods during which the overpayment was made. 4.9.2.2 b. Any overpayment amount still outstanding at separation of employment will be deducted from the employee’s final paycheck.