Common use of Compensation Distribution Clause in Contracts

Compensation Distribution. 1. CMSD will transition from a paper check and electronic compensation payment system to a mandatory electronic compensation payment system. During 2013-2014 school year, eEmployees who currently receive a paper check will either transition to receive an electronic funds transfer (EFT), be issued a Pay Card, or a combination of both. Employees who utilized EFT may also have all or part of their pay deposited on a Pay Card, at their discretion. Once activated, all compensation for all employees will either be automatically deposited to the employee’s banking account through EFT or posted to a Pay Card, or a combination of both. Until the new system is activated, checks and c Check vouchers are to be mailed to the employee’s home address or made available electronically. All employees must provide Human Resources with a current home address and phone number. 2. Any paid assignment performed during the regular report period will be paid within three (3) weeks of the end of the period or on the next scheduled pay run. 3. Employees who have lost their checks through any error must complete the form set forth in Appendix F so that the process of replacing the check will be accelerated. 4. When the paycheck of an employee is lost, stolen, incorrect or not received from the District, upon timely notification by the employee, a duplicate check shall be issued within one (1) working day. Any employee who has lost their pay card must notify payroll immediately. Lost Pay Cards will be replaced following the banking procedures outlined in the payroll process guide. The employee must sign a certificate of loss or non-receipt. 5. No change. 6. No change. 7. No change.