Common use of Payment Provision Clause in Contracts

Payment Provision. 3.1 All employees shall be paid in equal monthly installments over the duration of their employment contracts. Payroll checks (and EFT deposits) shall be issued to the employee on the last working day of each month. For the month of December, the Business Manager will determine by the 10th (each year) if the district has sufficient funds to distribute payroll prior to leaving for holiday break. In the event of an error in payment resulting in underpayment, corrections shall be made as soon as the District accounting procedures will allow. In the event of District overpayment the District and individual will work out a reasonable time for repayment. Errors of either over or underpayment will only be corrected if found and both parties notified within one year of the payment error. Both parties are bound to report to the other any error discovered. Errors found after one year shall not be subject to back payment or payroll deduction unless required by state law.