Common use of Early Payout Clause in Contracts

Early Payout. Upon application, certificated employees retiring from the teaching profession shall receive the balance of their salary payments on the June payday during the year in which they leave the District. The District shall deduct from said payment the Association dues that are owed by the employee and forward them to the Association in the prescribed manner. The District shall also continue to deduct insurance and pension contributions due for the months of June, July, and August and shall make its normal contributions for those months in the normal manner. The District may elect to pay off any other employee at the time he/she leaves the District or on the June payday during the year in which he/she leaves. The District shall deduct the Association dues, if any, and any legally required deductions. Dues shall be remitted to the Association.

Early Payout. Upon application, certificated employees retiring from the teaching profession shall receive the balance of their salary payments on the June payday during the year in which they leave the District. The District shall deduct from said payment the Association dues that are owed by the employee and forward them to the Association in the prescribed manner. The District shall also continue to deduct insurance and pension contributions due for the months of June, July, and August and shall make its normal contributions for those months in the normal manner. The District may elect to pay off any other employee at the time he/she leaves they leave the District or on the June payday during the year in which he/she leavesthey leave. The District shall deduct the Association dues, if any, and any legally required deductions. Dues shall be remitted to the Association.