Common use of ELECTRONIC FUNDS TRANSFER (EFT Clause in Contracts

ELECTRONIC FUNDS TRANSFER (EFT. All employees shall receive their pay via direct deposit. Employees shall authorize the direct deposit of the employee's compensation into a financial institution of the employee's choice or execute the required documentation to authorize the direct deposit into a financial institution designated by the Office of Budget and Management for the benefit of the employees.

ELECTRONIC FUNDS TRANSFER (EFT. All Effective July 01, 2006 all employees shall receive their pay via direct deposit. Employees shall authorize the direct deposit of the employee's ’s compensation into a financial institution of the employee's ’s choice or execute the required documentation to authorize the direct deposit into a financial institution designated by the Office Auditor of Budget and Management State for the benefit of the employeesemployee.

ELECTRONIC FUNDS TRANSFER (EFT. All employees shall receive their pay via direct deposit. Employees shall authorize the direct deposit of the employee's ’s compensation into a financial institution of the employee's ’s choice or execute the required documentation to authorize the direct deposit into a financial institution designated by the Office Board of Budget and Management Deposits for the benefit of the employeesemployee.