Payroll Advance Sample Clauses
A Payroll Advance clause allows employees to receive a portion of their expected wages before the regular payday. Typically, this provision outlines the conditions under which an advance can be requested, such as limits on the amount, frequency, and repayment terms, which are usually deducted from future paychecks. The core function of this clause is to provide financial flexibility for employees facing unexpected expenses, while ensuring the employer has a clear process for recouping the advanced funds.
Payroll Advance. In an emergency, at the discretion of the University, a worker may draw an advance of one week’s pay.
Payroll Advance. Upon fifteen (15) days written notice, a permanent employee will be entitled to receive, prior to commencement of her vacation, a payroll advance equivalent to the amount of vacation being taken for that vacation period.
Payroll Advance. Employees may receive a Payroll advance four (4) times per fiscal year by submitting a Request for Payroll Advance Form.
Payroll Advance. Seller agrees to advance Buyer such sums as are needed by Buyer to meet Buyer's payroll in the period from May 19, 2001 to May 30, 2001. Buyer agrees to enter into a Promissory note substantially in the form attached hereto as Exhibit D evidencing such advance and the terms and conditions for its repayment and as secured by a Security Agreement, a copy of which is attached as Exhibit E.
Payroll Advance. Employees shall be entitled to one (1) payroll advance, if requested, prior to receiving their first pay and shall not be entitled to any payroll advances thereafter.