Common use of Retroactive Payment Clause in Contracts

Retroactive Payment. L.B.3.1 In the event of a late settlement between the Board and the Elementary Teachers (full-time bargaining unit) that contains a retroactive salary increase, any resulting retroactive increases to Long Term Occasional Teachers shall be paid to all those Long Term Occasional Teachers who worked during the time period covered by the retroactive pay. For active or inactive employees for whom current banking information is available the funds will be deposited electronically. Where banking information is not available the Board will be considered to have met its obligation and the former Long Term Occasional Teacher shall no longer be entitled to that retroactive payment. The money then remains the property of the Board, unless otherwise stipulated by settlement and/or legislation.

Retroactive Payment. L.B.3.1 In the event of a late settlement between the Board and the Elementary Teachers (full-time bargaining unit) that contains a retroactive salary increase, any resulting retroactive increases to Long Term Occasional Teachers shall be paid to all those Long Term Occasional Teachers who worked during the time period covered by the retroactive pay. For active or inactive employees for whom current banking information is available the funds will be deposited electronically. Where banking information is not available the Board will be considered to have met its obligation obligation, and the former Long Term Occasional Teacher shall no longer be entitled to that retroactive payment. The money then remains the property of the Board, unless otherwise stipulated by settlement and/or legislation.

Retroactive Payment. L.B.3.1 B.4.1 In the event of a late settlement between the Board and the Elementary Teachers (full-time bargaining unit) that contains a retroactive salary increase, any resulting retroactive increases to Long Term Occasional Teachers shall be paid to all those Long Term Occasional Teachers who worked during the time period covered by the retroactive pay. For active or inactive employees for whom current banking information is available The Board shall send the funds will cheque by registered mail to the address on record prior to the settlement. Should such a cheque be deposited electronically. Where banking information is not available returned, the Board will be considered to have met its obligation obligation, and the former Long Term Occasional Teacher shall no longer be entitled to that retroactive payment. The money then remains the property of the Board, unless otherwise stipulated by settlement and/or legislation.