Deduction and Transmission Fee Clause Samples
The Deduction and Transmission Fee clause defines the fees that may be deducted from payments or funds being transferred between parties, typically to cover administrative or processing costs. In practice, this clause specifies the amount or percentage to be deducted, who is responsible for paying the fee, and under what circumstances the deduction occurs, such as during wire transfers or remittances. Its core function is to ensure transparency and agreement regarding the handling of such fees, thereby preventing disputes over payment shortfalls or unexpected charges.
Deduction and Transmission Fee. The Board agrees to deduct from the salary of any secretary/clerk who is not a member of the Association for the current membership year the full amount of the representation fee set forth in Section B above and promptly will transmit the amount so deducted to the Association. The Board agrees to deduct the representation fee in equal installments, as nearly as possible, from the paychecks paid to each secretary/clerk during the remainder of the membership year in question. The deductions will begin thirty (30) days after the secretary/clerk begins her employment in a bargaining unit position.
Deduction and Transmission Fee. The Board agrees to deduct from the salary of any Teacher who is not a member of the Association for the current membership year the full amount of the representation fee referred to in Section B above and promptly will transmit the installments so deducted to the Association. The Board agrees to deduct the representation fee in equal installments, as nearly as possible, from the paychecks paid to each Teacher during the remainder of the membership year in question. The deductions will begin in accordance with the billing sheets submitted to the Board by the New Jersey Education Association.
Deduction and Transmission Fee