Salary Disbursement Sample Clauses

Salary Disbursement. An employee can elect to receive his/her annual salary in ten (10) equal payments rather than twelve (12) equal payments beginning with the September check. Requests must be in the District office by the first student contact day of any year to do so. The District will provide information to all new hires regarding this section.
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Salary Disbursement. The Board of Education agrees to pay employees in twenty-six (26) equal pay periods unless prohibited by computer hardware or software and/or other unforeseen and non- preventable problems. These pay dates will be made on Friday insofar as possible. All new employees will have his/her pay period delayed for one pay period.
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Salary Disbursement. Salary checks shall be issued on alternating Fridays, beginning the second Friday of the school year. In the event a payday falls during a time school is not in session, with the exception of fall break, Christmas recess, and spring break, certified school employees will be issued their checks on the last working day. Each certified school employee shall receive one twenty-sixth (1/26th) of his/her contractual salary each pay period, except the last installment in June shall include payment for all salary remaining to be paid under the terms of the certified school employee’s Regular Teacher Contract; or at the option of the certified school employee, continue to be paid bi-weekly until all remaining salary has been paid. Certified school employees shall inform the Superintendent or his designee, on the approved School Corporation form, as to which mode of salary disbursement they elect, for the subsequent school year, by June first of each year. Failure to turn in said form will result in the certified school employee being paid in the same mode of salary disbursement as the previous school year. (If the semi-annual county tax payment from the county auditor has not been made available to the School Corporation by the twenty-second (22nd) pay period, then the School Corporation may delay one (1) week in paying the final four (4) installments.)
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Salary Disbursement. A. The Board of Education agrees to pay employees in twenty-six (26) equal pay periods unless prohibited by computer hardware or software and/or other unforeseen and non- preventable problems. These pay dates will be made on Friday insofar as possible. All new employees will have his/her pay period delayed for one pay period. B. All payments for duties authorized by supplemental contracts shall be made in the following manner: Supplemental activities on a seasonal basis will be paid in full after the completion of the activity and a pay authorization by the Principal indicating satisfactory completion of all obligations and responsibilities at the first pay period in December, the first pay period in March, or the first pay period in June. The above payment shall be made in a check separate from the regular payroll check. C. Supplemental assignments that are year-long assignments will be divided into equal amounts disbursed over the regular twenty-six (26) pay periods or paid in full at the end of the assignment, at the discretion of the employee.
Sample 1
Salary Disbursement. ‌ All employees, except temporary and substitute employees shall be paid in twelve (12) equal monthly installments. Any overtime or adjustments to the daily hours will appear as an adjustment on the paycheck for the payroll period in which the adjustment occurred. Employees who separate from employment during the school year shall receive all accrued compensation in a final paycheck issued at the end of the next available payroll period. All salary warrants shall be directly deposited into a bank account identified by the employee.
Sample 1
Salary Disbursement. A. The Board of Education agrees to pay employees in twenty-six (26) equal pay periods unless prohibited by computer hardware or software and/or other unforeseen and non- preventable problems. These pay dates will be made on Friday insofar as possible. All new employees will have his/her pay period delayed for one pay period. B. All payments for duties authorized by supplemental contracts shall be made in the following manner: Supplemental activities on a seasonal basis will be paid in full after the completion of the activity and a pay authorization by the Principal indicating satisfactory completion of all obligations and responsibilities at the first pay period in December, the first pay period in March, or the first pay period in June. The above payment shall be made in a check separate from the regular payroll check. C. Supplemental assignments that are year-long assignments will be divided into equal amounts disbursed over the regular twenty-six (26) pay periods or paid in full at the end of the assignment, at the discretion of the employee. D. Notwithstanding the preceding paragraphs, if a coach/advisor is unable to complete his/her duties due to a school closure due to a pandemic, then the amount paid on the supplemental contract will be prorated as determined by the Principal and/or Athletic Director: • For the proration for athletic supplementals, each sport shall be assigned a five (5) month season. The end date for the season shall be the end date for the regular season as determined by OHSAA. The beginning date for the season will be five
Sample 1

Related to Salary Disbursement

  • Monthly Disbursements On or before the fifth (5th) day of each calendar month, during the design and construction of the Tenant Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for reimbursement of amounts paid to the “Contractor,” as that term is defined in Section 4.1.1 of this Tenant Work Letter, approved by Tenant, in a commercially reasonable form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Tenant Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 of this Tenant Work Letter, for labor rendered and materials for the Premises; (iii) executed mechanic’s lien releases, as applicable, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Within forty-five (45) days thereafter, Landlord shall deliver a check to Tenant made payable to Tenant in payment of the lesser of: (A) the amounts so requested by “tenant as set forth in this Section 2.2.3.1, above (or, subject to the terms of Section 4.2.1, below, a percentage thereof), and (B) the balance of any remaining available portion of the Tenant Improvement Allowance, provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.5 below, or due to any substandard work. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

  • Optional Termination and Reduction of Aggregate Credit Amounts (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments. (ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit Amounts under Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable. Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Pro-Rated Bonus Pro Rated Bonus" shall mean, a bonus equal to the product of (i) the bonus Employee did not receive but would have received under Section 1.4(b) if he had remained an employee through the end of the Employment Term, it being understood that the amount of such bonus Employee would have received shall be determined by reference to the average amount of bonus actually awarded to other officers who were at the same or comparable level of responsibility as Employee immediately prior to his termination, and (ii) a fraction, the denominator of which is 365 and the numerator of which is the number of days in the fiscal year being considered through the date of death, determination of disability or notice of termination of employment, whichever is applicable. In the event that a majority of SCI officers do not receive a bonus for the fiscal year being considered, then the Pro Rated Bonus shall not be applicable and Employee shall not be entitled to a Pro Rated Bonus. The Pro Rated Bonus, if any, payable to Employee shall be paid within 90 days after the date that bonuses, if any, are awarded for a majority of SCI officers for the year being considered.

  • Termination or Reduction of Aggregate Revolving Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. three (3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $500,000 or any whole multiple of $500,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination. Notwithstanding anything herein to the contrary, the Borrower may rescind any notice of termination of Aggregate Revolving Commitments under this Section 2.06 if such termination would have resulted from the refinancing of all or a portion of the Loans, which refinancing shall not be consummated or shall otherwise be delayed.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Cash Severance The Company shall make a single lump sum severance payment to Executive in an amount equal to Executive’s Base Annual Salary in effect as of the Termination Date plus an amount equal to Executive’s Annual Bonus target in effect as of the Termination Date, less required tax withholdings and deductions (the “Change in Control Payment”). The Change in Control Payment will be paid within sixty (60) days after the Termination Date, but in no event later than March 15 of the year following the year of termination.

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