Salary Payment Installments Sample Clauses

Salary Payment Installments. The teacher's annual salary shall be paid in monthly installments beginning on or before the last work day of the month the teacher enters on duty and ending with the following August with the teacher receiving the final paycheck in July. If the teacher is not working with the District the following school year, they will receive their final check with the last check of the work year. The District may withhold the last paycheck of the work year pending satisfactory completion by the teacher of the required year-end reports and other duties. The teacher may elect to have the annual salary pro-rated as provided above but ending with the month containing the last scheduled day on duty for the work year. Such election shall be made in writing, received by the Superintendent within 10 calendar days of entry on duty for the work year and shall remain in effect from year to year unless revoked in writing and received by the Superintendent within 10 calendar days after entry on duty during a subsequent year.
Sample 1
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Salary Payment Installments. Salaries of bargaining unit members shall be paid, at their option, in either twenty-one (21) equal gross installments or twenty-six (26) equal gross installments, with twenty-one (21) of these installments paid during the school year and the additional five (5) installments paid in a balloon check at the conclusion of the school year. Payment of salaries shall start on the first or second Thursday in September and continue biweekly. Optional direct deposit of paychecks shall be available to bargaining unit members.
Sample 1
Salary Payment Installments. The Salary Payment will be paid in three installments, with (i) the first installment of $142,985 payable sixty (60) days following the Separation Date, (ii) the second installment of $128,015 payable on the Company’s regular payroll date next following January 15, 2024, and (iii) the third installment of $271,985 payable six (6) months following the Separation Date.
Sample 1

Related to Salary Payment Installments

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Cash Severance Payment Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive's base salary (less applicable withholding), paid within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company).

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

  • Amount of repayment instalments The Borrower shall repay the Loan by:

  • 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.

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

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