Salary payment plan. For ten month and 200 day Unit I members, one twenty-second of each member's salary shall be paid to a lead bank every two weeks for the ten months of employment. Ten month and 200 day Unit I members may opt to have one twenty-sixth of their salary paid to the lead bank every two weeks for twelve months each year. Unit I members who choose the 26 pay option must submit their request to the compensation office between June 1 and July 31. The Unit I member may not change that election again for a full year. The selected option will continue from year to year unless changed during a subsequent June 1 to July 31 time period. For twelve month Unit I members, one twenty-sixth of each member's salary shall be paid to the lead bank every two weeks for the twelve months of employment. The lead bank shall be chosen by the Board. Salary payments shall be calculated two weeks subsequent to the period of earnings. The first payment will be made either the second or third week in September. The Board shall, at the biweekly pay periods, provide to each member a statement of all monies earned, deductions and reductions made and the net amount deposited in the member's name with the lead bank. Beginning July 1, 2001, all newly hired Unit I members will be paid on the 26 pay schedule. The lead bank will deposit or transfer the Unit I member's pay as directed by that individual. The lead bank may deposit the member's pay in a charge-free checking account at the lead bank, forward the pay to savings or investment accounts in the lead bank as directed, or transfer the pay to a selected home bank. The member may stipulate the placement or transfer of funds by written direction. Exceptions to the payment plan will be as follows:
Salary payment plan. For ten month and 200 day Unit I members, one twenty-second of each member’s salary shall be paid to a lead bank every two weeks for the ten months of employment. Ten month and 200 day Unit I members may opt to have one twenty-sixth of their salary paid to the lead bank every two weeks for twelve months each year. Unit I members who choose the 26 pay option must submit their request to the compensation office between June 1 and July 31. The Unit I member may not change that election again for a full year. The selected option will continue from year to year unless changed during a subsequent June 1 to July 31 time period. For twelve month Unit I members, one twenty-sixth of each member’s salary shall be paid to the lead bank every two weeks for the twelve months of employment. The lead bank shall be chosen mutually by the Board and TAAAC. Salary payments shall be… (no other changes to Q.)
Salary payment plan. Teachers may elect to be paid in either 21 or 26 payments. The first payment in either case shall be no later than the second Friday after teacher contracts begin. Subsequent payments shall be every other Friday for 21 or 26 total payments. Teachers opting for the 26 payment plan shall receive all remaining payments in June on or prior to the last pay day in June for teachers. The Superintendent's Office must be informed of the teacher's payment choice at least two weeks prior to the first payday. If the teacher does not make a payment choice as outlined in this section, the district will select a 26 payment plan for the teacher. Once chosen, the payment plan cannot be altered during the school year. There shall be no salary advances or other flexible payments available.
Salary payment plan. Employees may elect to receive their salaries in either twenty-six (26) or twenty- one (21) bi-weekly installments. Teachers being paid by the twenty-six (26) installment method may choose either:
