Common use of SALARY BANK ACCOUNT Clause in Contracts

SALARY BANK ACCOUNT. i. Purpose: This Bank Account is utilised for the payment of all salary related items, including third party payments (PAYE, Pension, Medical Aid Deductions, Bond Pay Overs etc.) for approximately 31 000 staff members monthly, 5000 Expanded Public Works Programme (EPWP) workers bi-weekly and 45 ex gratia pensioners.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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