Common use of Number of Payments Clause in Contracts

Number of Payments. Salaries shall be paid in twelve (12) equal payments for all employees hired prior to July 1, 2000. Employees hired after July 1, 2000, will be given the option of 11 pay checks or 12 checks with two checks in June. These employees will not receive a check during July. Effective July 1, 2007, employees choosing to receive 12 checks will receive 11 equal payments with a voluntary deduction that will make up the 12th check. This means the net on the first eleven checks may be lower, but no taxes will be taken out of the 12th check.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Number of Payments. Salaries shall be paid in twelve (12) equal payments for all employees hired prior to July 1, 2000. Employees hired after July 1, 2000, 2000 will be given the option of 11 pay checks or 12 checks with two checks in June. These employees will not receive a check during July. Effective July 1, 2007, employees choosing to receive 12 checks will receive 11 equal payments with a voluntary deduction that will make up the 12th check. This means the net on the first eleven checks may be lower, but no taxes will be taken out of the 12th check.

Appears in 2 contracts

Samples: Special Educators, Special Educators

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Number of Payments. Salaries shall be paid in twelve (12) equal payments for all employees hired prior to July 1, 2000. Employees hired after July 1, 2000, 2000 will be given the option of 11 pay checks or 12 checks with two checks in June. These employees will not receive a check during July. Effective July 1, 2007, employees choosing to receive 12 checks will receive 11 equal payments with a voluntary deduction that will make up the 12th check. This means the net on the first eleven checks may be lower, but no taxes will be taken out of the 12th check.

Appears in 1 contract

Samples: Agreement

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