SALARY PAYMENT PROVISIONS Sample Clauses

SALARY PAYMENT PROVISIONS. 1. Salary payments to licensed professional personnel on the professional employee bargaining unit salary schedule(s) will be paid in twelve (12) substantially equal installments in accordance with terms of the contract(s). 2. A new employee may contact the payroll department if he/she needs to receive his/her beginning payroll check earlier than the scheduled September payroll date. The following options are available to the new employee: (This is only for the first year of employment.) a. Annual Contract Salary amount to be divided by twelve (12) equal payments as usual; however, a requested amount from the first paycheck would be paid in August in advance of the scheduled September payroll date (See para. c, below). b. Annual Contract Salary amount to be divided by thirteen (13) equal payments beginning in August for the first year of employment, with payments for succeeding years divided by twelve (12) equal payments (See para. c, below). c. All necessary paperwork would need to be completed in time to process the advanced payroll check. All applicable federal taxes, state taxes, and KPERS contributions would be deducted from the advanced check. The second year of employment, the employee will be paid over twelve (12)months beginning on the scheduled September payroll date. 3. Professional employees will be paid the "lump sum" balance of salary due for June, July and August installments in the June pay period (June 25) or as soon as possible after the school district has received the funds from the Kansas State Department of Education but in no case later than the close of the fiscal year on June 30. (Revised 11/2018) 4. Payroll Date: Payday for all employees is to be the 25th day of each month. If the 25th day of the month is on a weekend or a holiday, payday will be the last day preceding the same. In the event that scheduled payroll prior to a vacation would fall more than 4 days ahead of the 25th, checks will be mailed in anticipation of their arrival on the 25th.
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SALARY PAYMENT PROVISIONS. 1. All employees hired on or before September 15 shall be paid in twelve (12) monthly installments. All employees hired after September 15 shall have their salaries prorated and paid monthly through the month of August. An employee whose first contracted day is September 1 shall be paid her/his first warrant on the September payroll date. Payment shall be issued to the employee on the last banking day of the month by direct deposit. 2. Should the employee's contract be terminated prior to the completion of said school term or should he/she be absent from work contrary to the provisions of this Agreement or without other authorization by the Board, or its agents, the District reserves the right to make a prorated deduction in salary. The employee shall receive a total salary which bears the same ratio to the whole salary specified herein as to the number of days actually worked by the employee plus authorized absences bear to the total number of actual work days specified in the contract, provided that if said employee resigns or vacates his/her position prior to the close of the school term as specified in the contract without the consent of said District, no compensation shall be paid for the time not worked and the employee shall forfeit as liquidated damages one-half (1/2) of one-twelfth (1/12) of the annual salary specified therein. 3. The following shall be the procedures for overpayment/underpayment of an employee's contracted salary as a teacher/support person. If the employee recognizes the error, it is the employee's responsibility to immediately notify the Human Resources Supervisor in writing. If the District recognizes the error, the Human Resources Supervisor will immediately notify the employee in writing. If the error is an underpayment, the District, upon receipt of an employee's written request, will reimburse the employee by warrant the underpayment within two (2) weeks of the notification to the Human Resources Supervisor of the error. If the error is an overpayment, the Human Resources Supervisor will meet with the employee to arrange a payroll deduction schedule. The payroll deduction schedule must terminate by the last pay warrant of the year. Errors in underpayment and overpayment of employee salaries based on salary schedule misplacement shall be corrected retroactively to the first day of the fiscal year in which the District had actual knowledge of the error. Claims for back pay or recoupment of overpayments based on salary schedu...
Sample 1
SALARY PAYMENT PROVISIONS. All salaries shall be paid in accordance with the employee's placement on the base and Professional Learning/Enrichment salary schedules attached as Appendix A, in accordance with the provisions found in Section 7.02. Employees shall receive salaries based on their annualized or calculated FTE. Revisions shall be made in accordance with the provisions below. 1. Increments will be granted effective the start of each school year. 2. Pursuant to RCW 28A.400.200(4), RCW 28A.150.200, and OSPI Enrichment Work Group, a Professional Learning/Enrichment stipend will be paid on a supplemental contract and will compensate employees for the responsibilities that are outside of the state’s basic education commitment. In accordance with State law, this separate contract is not a part of the employee's continuing contract and not subject to the restrictions therein.
Sample 1Sample 2
SALARY PAYMENT PROVISIONS. All certificated employees shall be paid in twelve (12) equal monthly installments. All certificated employees shall receive their payroll warrant on the last working day of each month or when the state apportionment is not available (on the last work day of the month) the employee shall receive their warrant on the last business day of the month. In the event of mistake in payment, the following rule shall apply. A. In the event of underpayment, correction will be made on or before the 10th day of the following month, provided the District is notified by the 5th of the month, otherwise on the following paycheck. B. In the event of overpayment, reimbursement to the District will be taken from the second check following the notification; provided that if there is none, it shall be deducted from the check. C. If overpayment amounts to 30% or more of an employee's check, deduction may be prorated over a 4-month period, provided the employee remains so long employed; otherwise, subparagraph B will apply. YRS BA + 0 BA + 15 BA + 30 BA + 45 BA + 90 BA + 135* MA MA + 45 MA + 90 Or Ph.D. 0 $31,386 $32,234 $33,112 $33,992 $36,817 $38,636 $37,629 $40,454 $42,275 1 $31,808 $32,668 $33,557 $34,476 $37,330 $39,140 $38,047 $40,901 $42,710 2 $32,211 $33,079 $33,978 $34,967 $37,813 $39,641 $38,469 $41,314 $43,143 3 $32,626 $33,502 $34,410 $35,432 $38,272 $40,144 $38,868 $41,706 $43,579 4 $33,033 $33,947 $34,861 $35,918 $38,775 $40,661 $39,286 $42,143 $44,030 5 $33,453 $34,372 $35,295 $36,410 $39,257 $41,180 $39,711 $42,559 $44,483 6 $33,885 $34,784 $35,738 $36,909 $39,742 $41,676 $40,147 $42,981 $44,913 7 $34,644 $35,556 $36,523 $37,758 $40,633 $42,620 $40,964 $43,838 $45,826 8 $35,755 $36,717 $37,707 $39,044 $41,957 $44,018 $42,249 $45,163 $47,223 9 $37,919 $38,958 $40,343 $43,325 $45,455 $43,547 $46,531 $48,661 10 $40,224 $41,709 $44,730 $46,932 $44,915 $47,937 $50,137 11 $43,115 $46,202 $48,448 $46,321 $49,409 $51,653 12 $44,476 $47,714 $50,026 $47,782 $50,919 $53,233 13 $49,262 $51,644 $49,295 $52,468 $54,849 14 $50,818 $53,322 $50,852 $54,125 $56,528 15 16 or more $52,140 $53,183 $54,709 $55,802 $52,174 $53,217 $55,533 $56,643 $57,998 $59,157 Any credits in excess of 45 may be counted after the MA degree. *Grandfathered, no new movement to column BA + 135
Sample 1
SALARY PAYMENT PROVISIONS. All salaries shall be paid in accordance with the employee's placement on the base and Professional Learning/Enrichment salary schedules attached as Appendix A, in accordance with the provisions found in Section 7.02. Employees shall receive salaries based on their annualized or calculated FTE. Revisions shall be made in accordance with the provisions below.
Sample 1
SALARY PAYMENT PROVISIONS. All certificated employees shall be paid in twelve (12) equal monthly installments. All certificated employees shall receive their payroll warrant on the last working day of each month or when the state apportionment is not available (on the last work day of the month) the employee shall receive their warrant on the last business day of the month. In the event of mistake in payment, the following rule shall apply. A. In the event of underpayment, correction will be made on or before the 10th day of the following month, provided the District is notified by the 5th of the month, otherwise on the following paycheck. B. In the event of overpayment, reimbursement to the District will be taken from the second check following the notification; provided that if there is none, it shall be deducted from the check. C. If overpayment amounts to 30% or more of an employee's check, deduction may be prorated over a 4-month period, provided the employee remains so long employed; otherwise, subparagraph B will apply. Education 01 02 03 04 05 06 07 08 09 For credits earned after the BA degree but before the MA degree: Any credits in excess of 45 may be counted after the MA degree. *Grandfathered, no new movement to column BA + 135
Sample 1

Related to SALARY PAYMENT PROVISIONS

  • Salary Payment In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Date, the Company shall pay Executive a severance payment equal to Executive’s Monthly Base Salary multiplied by the number of months in the Covered Termination Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

  • Salary Payments Salaries shall be paid fortnightly by direct credit to the employee’s nominated bank account except that individual employees may on religious or ethical grounds apply in writing to the Secretary for Education to be paid by cheque.

  • 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.

  • Termination Benefits (a) Upon the occurrence of a Change in Control, followed at any time during the term of this Agreement by the voluntary or involuntary termination of Executive's employment, other than for Termination for Cause, the Bank and the Company shall pay Executive, or in the event of his subsequent death, his beneficiary or beneficiaries, or his estate, as the case may be, as severance pay or liquidated damages, or both, a sum equal to three (3) times the average annual base salary paid to Executive for the three (3) years immediately preceding Executive's termination. In the event the Executive has not been employed by the Bank or Holding Company during all or part of the three immediately preceding years, the annual base salary paid to Executive for such periods shall, for purposes of this Section 3, be deemed to be equal to the Executive's initial base salary upon commencing employment adjusted to reflect assumed annual base salary increases of ten percent (10%). At the discretion of Executive, upon an election pursuant to Section 3(e) hereof, such payment may be made in a lump sum immediately upon severance of Executive's employment or paid, on a pro rata basis, semi-monthly during the thirty-six (36) months following the Executive's termination. (b) Upon the occurrence of a Change in Control of the Bank or the Company followed at any time during the term of this Agreement by Executive's voluntary or involuntary termination of employment, other than for Termination for Cause, the Bank shall cause to be continued life, health and disability coverage substantially identical to the coverage maintained by the Bank for Executive prior to his severance. Such coverage shall cease upon the earlier of Executive's obtaining similar coverage by another employer or twelve (12) months from the date of Executive's termination. In the event the Executive obtains new employment and receives less coverage for life, health or disability, the Bank shall provide coverage substantially identical to the coverage maintained by the Bank for the Executive prior to termination for a period of twelve (12) months. (c) Upon the occurrence of a Change in Control, the Executive will have such rights as specified in the Company's Incentive Stock Option Plan or any other employee benefit plan with respect to options and such other rights as may have been granted to Executive under such plans. (d) Upon a Change in Control, the Executive will be entitled to the benefits under the Bank's Management Recognition and Retention Plans. (e) On an annual basis Executive shall elect whether, in the event amounts are payable under Sections 3(a) hereof, such amounts shall be paid in a lump sum or on a pro rata basis pursuant to such sections. Such election shall be irrevocable for the year for which such election is made. (f) Notwithstanding the preceding paragraphs of this Section 3, in the event that: (i) the aggregate payments or benefits to be made or afforded to Executive under said paragraphs (the "Termination Benefits") would be deemed to include an "excess parachute payment" under Section 280G of the Internal Revenue Code of 1986 (the "Code") or any successor thereto, and (ii) if such Termination Benefits were reduced to an amount (the "Non- Triggering Amount"), the value of which is one dollar ($1.00) less than an amount equal to three (3) times Executive's "base amount", as determined in accordance with said Section 280G, and the Non- Triggering Amount would be greater than the aggregate value of the Termination Benefits (without such reduction) minus the amount of tax required to be paid by Executive thereon by Section 4999 of the Code, then the Termination Benefits shall be reduced to the Non-Triggering Amount. The allocation of the reduction required hereby among the Termination Benefits provided by the preceding paragraphs of this Section 3 shall be determined by Executive. In the event that Executive receives the Non-Triggering Amount pursuant to this paragraph (f) and it is subsequently determined by the Internal Revenue Service or judicial authority that Executive is deemed to have received an amount in excess of the Non-Triggering Amount, the Bank or Company shall pay to Executive an amount equal to the value of the payments or benefits in excess of the Non-Triggering Amount he is so deemed to have received.

  • Severance Payment If, during the Employment Term at any time during the period of twelve (12) consecutive months following the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) or the Executive terminates his employment for Good Reason, then subject to compliance with the restrictive covenants in Section 9 and Section 10 and the execution and timely return by the Executive of the Release, the Executive shall be entitled to receive a lump sum severance payment equal to the present value of a series of monthly payments for twenty-four (24) months, each in an amount equal to one-twelfth (1/12th) of the sum of (i) the Executive’s Base Salary, as in effect at the time of the Change in Corporate Control, and (ii) the average of the annual bonuses paid to the Executive for the prior two fiscal years of the Company ending prior to the Change in Corporate Control, if any. Such present value shall be calculated using a discount rate equal to the interest rate on 90-day Treasury bills, as reported in the Wall Street Journal (or similar publication) on the date of the Change in Corporate Control. Such lump sum payment shall be made to the Executive within sixty (60) days following the date of such involuntary termination. In addition, if during the Employment Term within twelve (12) months after a Change in Corporate Control the Executive is involuntarily terminated (other than for Cause) or the Executive terminates his employment for Good Reason, he shall be entitled to continued coverage at the Company’s expense under any health insurance programs maintained by the Company in which the Executive participated at the time of his termination, which coverage shall be continued for eighteen (18) months or until, if earlier, the date the Executive obtains comparable coverage under a group health plan maintained by a new employer. To the extent the benefits provided under the immediately preceding sentence are otherwise taxable to the Executive, such benefits, for purposes of Section 409A of the Code (and the regulations and other guidance issued thereunder) shall be provided as separate monthly in-kind payments of those benefits, and to the extent those benefits are subject to and not otherwise excepted from Section 409A of the Code, the provision of the in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Salary Overpayment Recovery A. When the Employer has determined that an employee has been overpaid wages, the Employer will provide written notice, via certified mail, to the employee that will include the following items: 1. The amount of the overpayment; 2. The basis for the claim; and 3. The rights of the employee under the terms of this Agreement.

  • Severance Payments 5.1 The Company shall pay the Executive the payments described in this Section 5.1 ("Severance Payments") upon the termination of the Executive's employment following a Change in Control during the term of this Agreement, including the Executive's termination of employment for Good Reason, unless such termination is (a) by the Company for Cause, or (b) by reason of the Executive's Death or Disability. The Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause if the Executive's employment is terminated prior to a Change in Control without Cause at the direction (or action which constitutes a direction) of a Person who has entered into an agreement with the Company the consummation of which will constitute a Change in Control. (i) Within three (3) business days after the Date of Termination, the Company shall make a lump sum or monthly, at the Executive's option, cash severance payment to the Executive in an amount equal to: (x) the Executive's annual base salary in effect immediately prior to the occurrence of the event or circumstance upon which the Notice of Termination is based or in effect immediately prior to the Change in Control; and (y) a pro-rated portion of Executive's Targeted Annual Bonus for the fiscal year in which the Date of Termination occurs. (ii) For a twelve (12) month period after the Date of Termination, the Company shall arrange to provide the Executive with medical and dental insurance benefits substantially similar to those that the Executive is receiving immediately prior to the Notice of Termination. Benefits otherwise receivable by the Executive pursuant to this Section 5.1(ii) shall be reduced to the extent comparable benefits are actually received by or made available to the Executive without cost during the twelve (12) month period following the Executive's termination of employment (and any such benefits actually received by the Executive shall be reported to the Company by the Executive). 5.2 The Company also shall pay to the Executive all legal fees and expenses incurred by the Executive in disputing the non-payment of Severance Payments in connection with a termination which entitles the Executive to Severance Payments. Such payments shall be made within five (5) business days after delivery of the Executive's written request for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Termination of Payment Fund Any portion of the Payment Fund that remains undistributed to the holders of Certificates and Book Entry Shares for twelve months after the Effective Time shall be delivered by the Paying Agent to the Parent, upon demand, and any holder of a Certificate or Book Entry Shares who has not theretofore complied with this Article II shall thereafter look only to the Parent for payment of the Merger Consideration, but shall have no greater rights against the Parent than may be accorded to general unsecured creditors of the Parent under applicable law.

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