Common use of PAYMENT BY ELECTRONIC FUND TRANSFER Clause in Contracts

PAYMENT BY ELECTRONIC FUND TRANSFER. Where an employee and the Company agree, the employee's wages may be paid by direct transfer into the employee's bank (or other recognised financial institution) account. Notwithstanding this provision, if the Company and the majority of employees agree, all employees may be paid their wages by direct transfer into an employee's bank (or other recognised financial institution) account.