Payroll Options Clause Samples

Payroll Options. At the beginning of each academic year*, teachers shall have one of these options: • To receive their annual pay in 20 equal installments, less legal, contracted and teacher authorized deductions. • To receive their pay in 24 equal installments, less legal, contracted and teacher authorized deductions. *Payroll dates will be on the 5th and 20th of each month unless those dates occur on a holiday or weekend. If that occurs, the payroll date will either be the previous work day or the following work day.

Payroll Options. A. Teachers shall elect to be paid in twenty-six (26) or twenty-two (22) equal bi-weekly payments. This election will remain in effect for the entire year and will continue year to year thereafter unless the Superintendent's office is notified in writing by August 1 of any year that the teacher wishes to change the elected pay option. Both the twenty-six (26) and twenty-two (22) payroll options shall be made by direct deposit into the individual teacher bank account identified by the teacher to the Board. Each teacher shall have the right to change the bank account into which the Board deposits their payroll check upon seven (7) days written notice to the superintendent. B. Newly employed teachers will be informed of these two (2) pay options and shall select one or the other within two (2) weeks of their employment. C. Teachers will be notified of the school corporation's pay schedule for the ensuing year by July 15 of each year.

Payroll Options. ‌ At the teacher’s option, he/she will receive his/her contracted salary in twenty-one

Payroll Options. At the beginning of each school year, school year and extended year employees may select one of three payroll options: (A) Hourly rate – paid by hours worked per pay period (B) 22 equal payments – salary prorated over 42-week contract period with 22 payments.

Payroll Options. Modification of payroll options on payroll warrants for less than twelve (12) month employees (whose schedules do not fluctuate) who have completed their probationary period may opt to have their pay in 12 equal checks by indicating their request on their annual off duty worksheet.

Payroll Options. Once at the beginning of each fiscal year (July 1), or upon employment, teachers shall have the option of being paid either: 1. On the basis of 26 pay periods, six of which are combined in the last paycheck of the school year, Or 2. On the basis of 21 equal paychecks. Direct deposit notices will be provided electronically to all members of the WITA unless members request a paper copy.

Payroll Options. The following additional payroll options shall be available: a) Tax-sheltered Annuities b) Automatic Saving Deductions - c) All components of I-125 Series according to Federal Guidelines Authorization of such options shall be on forms approved by the Board and must be made on a fixed and regular basis and once discontinued shall not be reactivated during that fiscal year (July 1 to June 30).

Payroll Options. At the beginning of each school year, teachers will choose to be compensated according to one of the following methods:‌ Plan 1: The contract salary shall be divided into twenty-five (25) equal parts and 1/25 of the contract salary shall be paid every other Friday. Any fractional part of salary remaining shall be paid in a lump sum at the end of June for that school year. Any teacher shall have the option of receiving one extra pay (l/25th of salary) on the last regular pay period in November if an amount equal to 1/25 of the salary has been withheld by then. Plan 2: The contract salary shall be paid in equal installments every other Friday during the school year. Once a plan is chosen, it may not be changed during the current school year.

Payroll Options. In effect only if option (1) or (2) and a Limit of Liability is specified in the Declarations. 1. ORDINARY PAYROLL - LIMITED COVERAGE Limit of liability for "ordinary payroll expense" shall not exceed the amount stated in the Declarations, which amount is included in the blanket amount of the Policy and the liability of the Insurer for "ordinary payroll expense" as hereinafter defined, is limited to such expense which must necessarily continue during the interruption of business for not exceeding 90 consecutive calendar days immediately following the date of the damage to or destruction of the described property. The following Co-Insurance Clause is substituted for Clause III of this rider: The Insurer shall not be liable, in the event of loss, for a greater proportion thereof than the amount hereby insured bears to 80% of the "gross earnings", less the entire "ordinary payroll expense" as hereinafter defined, that would have been earned (had no loss occurred) during the 12 months immediately following the date of the damage to or destruction of the described property, plus 80% of the "ordinary payroll expense", as hereinafter defined, that would have been earned (had no loss occurred) during the 90 day period specified above. 2. ORDINARY PAYROLL EXCLUSION The Insurer shall not be liable for any "ordinary payroll expense" as hereinafter defined. The following Co-insurance Clause is substituted for Clause III of this rider: The Insurer shall not be liable, in the event of loss, for a greater proportion thereof than the amount hereby insured bears to 80% of the "gross earnings" that would have ben earned (had no loss occurred) during the 12 months immediately following the date of the damage to or destruction of the described property, less the same percentage of "ordinary payroll expense" for that 12 month period.