Non-Automatic Deposit Clause Samples
The Non-Automatic Deposit clause specifies that any required deposit under the agreement must be made manually by the relevant party, rather than being automatically deducted or transferred. In practice, this means the party responsible for the deposit must take affirmative steps, such as initiating a bank transfer or delivering a check, to fulfill their obligation. This clause ensures that deposits are only made with the explicit action and consent of the depositing party, thereby preventing unintended or premature withdrawals and giving both parties greater control over the timing and execution of deposit payments.
Non-Automatic Deposit. Teachers hired before July 1, 2005, may maintain their present method of payment. Payment will be held at the District office until the end of the payday, then mailed to the employee’s home address. The District agrees to offer options for health plan coverage, as described below, beginning the first day of the month following thirty (30) days of employment and continuing until employment termination. For employees who elect to participate in the District’s health benefits plan, coverage will extend until August 31 for any terminating teacher who holds and completes a full year contract. Retired teachers who qualify for health coverage under the Alaska Teachers’ Retirement System (TRS) do not qualify for health coverage under the District’s plan. An employee has the option to continue health plan coverage at his/her own expense during a long-term leave of absence. Employees may choose not to be covered by District health benefits and therefore not required to make an employee contribution, provided the employee signs a statement attesting that he/she is covered by other health insurance. Employees who wish to enroll a spouse and/or children in the District’s plan may do so by completing the proper paperwork and providing the required supporting documentation to Human Resources in a timely manner. The District offers a Plan Option A, a Plan Option B, and a Plan Option C. Plan options, benefits, and criteria for participation are described in the Summary Plan Description. The District shall provide each employee with a copy of the Summary Plan Description describing health care benefits and shall inform employees of any changes in benefits annually. Employee contributions to the District’s plan in the form of payroll deductions will be based on a tiered structure as follows: Employee Only Employee + Spouse or Employee + Child(ren) Employee + Family Employee contributions are based on actuaries, provided by the Health Plan Consultant, of total health plan costs and are dependent on which tier of coverage is selected. Employee contributions will be deducted from employee paychecks over nineteen (19) pay periods beginning with the first pay check in September. Total employee dollar share of health plan costs is based on the negotiated employee percentage as applied to plan costs. For the 2017, 2018 and 2019 plan years the Standard group health plan, (Plan A), the District shall pay 80% and the employee shall pay 20% of the health plan costs. Plan A will not be ...
Non-Automatic Deposit. Employees who do not have all automatic deposit information in the Payroll Department by the end of the pay period will have their paychecks held at the District office until the end of the payday, then mailed to the employee’s home address.