Common use of Payment Regulations Clause in Contracts

Payment Regulations. a. Employees may elect either electronic bank deposit or an electronic pay card to receive their salary payments. Salary payments will be issued on the first SPS business day of each month. One-twelfth (1/12) of an employee’s annual salary will be paid on the first SPS business day of October and each of the following eleven months. SPS will support staff transition to electronic pay cards during the 2022-2023 school year. b. Employees will be fully compensated for summer program work through additional summer payments in the months of July, August, and September. c. For individuals hired after the beginning of the work year, the salary payments will be paid pro rata for the remaining payments for that work year. d. Pro rata payments for changes of salary, special assignment payrolls, and requests for special payments that are received in Payroll Services on or before the 15th of the month will be processed with the first subsequent monthly payroll and paid on the first SPS business day of the month.