Common use of Salary Payment Options Clause in Contracts

Salary Payment Options. The Board of Education shall offer to each teacher (except twelve (12) month personnel) the choice of one of the following two plans for the payment of salaries: Plan A Payment shall be made in 21 equal checks (before deductions) Plan B Payment shall be made in 21 equal checks. The first 20 checks shall equal 1/24 of the employee's salary before deductions. The twenty-first check shall equal 4/24 of the teacher's annual salary and shall be paid upon or before the last school day. Salary payments shall be made by direct deposit

Salary Payment Options. The Board of Education shall offer to each teacher (except twelve (12) month personnel) the choice of one of the following two plans for the payment of salaries: Plan A Payment shall be made in 21 equal checks (before deductions) Plan B Payment shall be made in 21 equal checks. The first 20 checks shall equal 1/24 of the employee's salary before deductions. The twenty-first check shall equal 4/24 of the teacher's annual salary and shall be paid upon or before the last school day. Salary payments shall be made by direct deposit.