Reconciling Deficient Pay Sample Clauses

Reconciling Deficient Pay. In the event an employee’s pay is short of money owed for the pay period and the employee brings the issue to the attention of the manager, the following shall apply: If the money owed is less than six (6) hours, the pay shall be added to the next pay period. If the money owed is six (6) hours or greater, the employer will make every reasonable effort to correct the error and provide a manual cheque within five (5) business days.
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Reconciling Deficient Pay. In the event of a payroll error resulting in an underpayment of $75.00 or less for the pay period, the correction will be made on the subsequent pay. In the event of a payroll error resulting in an underpayment in excess of $75.00 for the pay period, at the request of the employee, the correction will be made and cheque issued within three banking days of the Employer being notified. In the event of an overpayment, the parties agree that the Employer is entitled to recover the amount from monies owed the employee. A repayment plan shall be mutually agreed to between the Employer and employee.
Reconciling Deficient Pay. In the event an employee's pay is short of money owed for the pay period and the employee brings the issue to the attention of the manager, the following will apply:

Related to Reconciling Deficient Pay

  • Section 409A Compliance (a) It is intended that any benefits under this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), provided under Treasury Regulations Sections 1.409A-1(b)(4), and 1.409A-1(b)(9), and this Agreement will be construed to the greatest extent possible as consistent with those provisions, and to the extent not so exempt, this Agreement (and any definitions hereunder) will be construed in a manner that complies with Section 409A. For purposes of Section 409A (including, without limitation, for purposes of Treasury Regulations Section 1.409A-2(b)(2)(iii)), the Executive’s right to receive any installment payments under this Agreement (whether severance payments, if any, or otherwise) shall be treated as a right to receive a series of separate payments and, accordingly, each installment payment hereunder shall at all times be considered a separate and distinct payment. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “termination of employment” or like terms shall mean separation from service. In no event may Executive, directly or indirectly, designate the calendar year of a payment. Notwithstanding any provision of this Agreement to the contrary, in no event shall the timing of the Executive’s execution of the Release, directly or indirectly, result in the Executive designating the calendar year of payment of any amounts of deferred compensation subject to Section 409A, and if a payment that is subject to execution of the Release could be made in more than one taxable year, payment shall be made in the later taxable year. The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any compensation under this Agreement constitutes deferred compensation subject to Code Section 409A but does not satisfy an exemption from, or the conditions of, Code Section 409A.

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