Common use of Payroll Options Clause in Contracts

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. At the beginning of each school year, teachers will choose to be compensated according to one of the following methods:‌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.