Check Issuance Clause Samples
The Check Issuance clause outlines the procedures and requirements for issuing checks as a form of payment under the agreement. It typically specifies who is authorized to issue checks, the acceptable circumstances for their use, and any necessary documentation or approvals required before a check can be released. By establishing clear guidelines for check issuance, this clause helps prevent unauthorized payments and ensures proper financial controls are maintained.
Check Issuance. Faculty members may elect to receive compensation in consecutive equal increments during the period of their appointment or on a twelve (12) month basis. A faculty member must elect the option of payment at the beginning of each academic year.
Check Issuance. Subd. 1.
Check Issuance. Checks shall be issued in the names of Class Members as reflected on Defendant’s records, and shall state on their face that they expire and are void 180 days from the date of issuance, after which the Administrator may close the account. Prior to the expiration of checks, Class Members may request replacement checks be issued by the Administrator if they lose or misplace their original check. In the event any check issued pursuant to this Agreement is returned and the payee cannot be located, or expires or becomes void, Defendant will follow their standard escheatment procedures for the States of Mississippi and Tennessee.
Check Issuance