Common use of Salary Payment and Paychecks Clause in Contracts

Salary Payment and Paychecks. Compensation shall be divided into 24 pays to be paid on the 5th and 20th of each month. All employees will be paid utilizing direct deposit. Should a regularly scheduled pay date fall on a bank holiday, payment will be direct deposited on the preceding date that banks are open. Upon presentation to the Treasurer of a signed authorization form, employees participating in a direct pay plan shall have the Treasurer deposit all earned income, less authorized deductions for such employees, with a financial institution. The financial institution shall be provided with the necessary payroll information of participating employees no later than the first day prior to the time employees would normally receive their pay. By July 1, each teacher will receive a written contract and salary notice from the District Treasurer.

Salary Payment and Paychecks. Compensation shall be divided into 24 pays to be paid on the 5th and 20th of each month. All employees will be paid utilizing direct deposit. Should a regularly scheduled pay date fall on a bank holiday, payment will be direct deposited on the preceding date that banks are open. Upon presentation to the Treasurer of a signed authorization form, employees participating in a direct pay plan shall have the Treasurer deposit all earned income, less authorized deductions for such employees, with a financial institution. The financial institution shall be provided with the necessary payroll information of participating employees no later than the first day prior to the time employees would normally receive their pay. By July 1, each teacher will receive a written contract and salary notice from the District Treasurer.