SUMMER PAYMENT PLAN AND CREDIT UNION Sample Clauses

SUMMER PAYMENT PLAN AND CREDIT UNION. The Board agrees to allow each employee to have a constant dollar amount deducted from each of his/her regular paychecks for deposit by the district to the employee's individual account at the ABCO Credit Union. Deductions shall commence with the first paycheck in September and shall continue through the last paycheck in the following August. An employee may elect the amount to be deducted from each paycheck on a form to be provided by the Board. Said form must be submitted to the Business Administrator/Board Secretary at least two (2) weeks prior to the first paycheck in September. The employee shall pay any cost incurred in opening and/or maintaining an individual account at the credit union. This credit union provision may be used for a "summer payment plan" and the Board shall not be required to maintain any other form of a "summer payment plan.”
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Related to SUMMER PAYMENT PLAN AND CREDIT UNION

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