Lost Check Clause Samples
The Lost Check clause outlines the procedures to follow if a check issued under the agreement is lost, stolen, or destroyed before it is cashed or deposited. Typically, this clause requires the payee to notify the payer of the missing check and may obligate the payee to provide an affidavit or indemnity before a replacement check is issued. Its core function is to ensure that lost payments can be replaced efficiently while protecting the payer from potential double payment or fraud.
Lost Check. Any paycheck for a unit member which is lost or stolen after receipt or automatic deposit 14 shall be replaced no later than fourteen (14) working days following the unit member’s 15 submission of an Affidavit of Lost Warrant to payroll department. The payroll department shall 16 forward the affidavit to the County Schools Claims Department within two (2) working days 17 after payroll receives the affidavit. In case of extreme emergencies, payment may be made by the 18 issuance of Rim of the World Unified School District revolving cash fund check in an amount 19 not to exceed the employee’s net amount due.
Lost Check. Any paycheck for an employee in the bargaining unit which is lost after receipt or which is not delivered within five (5) days of mailing, if mailed, shall be replaced not later than five (5) working days following the District's receipt of a signed affidavit by the employee specifying that the employee's paycheck has been lost or not received in the mail. Revised 2001-02