Common use of Summer Savings Account Clause in Contracts

Summer Savings Account. The employee’s salary shall be paid in bi- weekly direct deposit payments throughout the contractual year. Under this plan, the employee’s contract will be paid in full by the conclusion of his/her calendar. The employee will have the option to open a summer savings account at the financial institution of his/her choice at any time during the fiscal year and may opt to have the deduction amount of his/her choice paid into the summer savings account.

Summer Savings Account. The employee’s salary shall be paid in bi- bi-weekly direct deposit payments throughout the contractual year. Under this plan, the employee’s contract will be paid in full by the conclusion of his/her calendar. The employee will have the option to open a summer savings account at the financial institution of his/her choice at any time during the fiscal year and may opt to have the deduction amount of his/her choice paid into the summer savings account.

Summer Savings Account. The employee’s salary shall be paid in bi- weekly direct deposit payments of equal amounts throughout the contractual year. Under this plan, the employee’s contract will be paid in full by the conclusion of his/her calendar. The employee will have the option to open a summer savings account at the financial institution of his/her choice at any time during the fiscal year and may opt to have the deduction amount of his/her choice paid into the summer savings account.