Common use of Payment Method and Time Clause in Contracts

Payment Method and Time. (a) Party A adopts monthly salary system, with the 10th of each month as payment date. Party A must pay Party B's salary in the statutory currency in China. (b) Party B must open an account with one of the two banks designated by Party A, and Party A must deposit Party B's salary into the said account after withholding personal income taxes on Party B's behalf. (c) Upon dissolution or termination of this Labor Contract, Party A must pay Party B's salary on the day of Party B's leaving his post in the amount based on the actual number of days worked.

Appears in 1 contract

Sources: Labor Contract (China Integrated Energy, Inc.)

Payment Method and Time. (a) Party A adopts monthly salary system, with the 10th of each month as payment date. Party A must pay Party B's salary in the statutory currency in China. (b) Party B must open an account with one of the two banks designated by Party A, and Party A must deposit Party B's salary into the said account after withholding personal income taxes on Party B's behalf. (c) Upon dissolution or termination of this Labor Contract, Party A must pay Party B's salary on the day of Party B's leaving his her post in the amount based on the actual number of days worked.

Appears in 1 contract

Sources: Labor Contract (China Integrated Energy, Inc.)