Common use of Salary Payment Schedules & Compensation Model Clause in Contracts

Salary Payment Schedules & Compensation Model. 1. Teachers will receive their basic salary (including pay for extra duty assignments) divided among twenty-six (26) bi-weekly paychecks. Except as otherwise specifically provided hereinafter, but otherwise in accordance with section 409A of the Internal Revenue Code and the Treasury Regulations thereto (“409A”), the time or schedule of any payment of salary will not be accelerated.