Common use of Paycheck Distribution Clause in Contracts

Paycheck Distribution. 1. Salaries will be paid on the basis of twenty-six (26) equal installments paid on alternate Fridays commencing with the third Friday following the first day of the school calendar. 2. Mandatory direct deposit of employee paycheck to the financial institution of the employee’s choice shall be administered. In the event that the pay date falls on a holiday, the electronic transfer shall take place the workday prior to the holiday.