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.

Summer Savings Account. The employee’s salary shall be paid in bi- bi-weekly direct deposit payments throughout the contractual year. The bi-weekly pay amounts shall be equalized except for the first and last pay period in the contract 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.