Wage Advance Sample Clauses
A Wage Advance clause allows employees to receive a portion of their earned wages before the regular payday. Typically, this provision outlines the conditions under which an employee can request an advance, such as limits on the amount, frequency, and repayment terms, which may involve automatic deductions from future paychecks. The core function of this clause is to provide financial flexibility for employees facing unexpected expenses, while also ensuring the employer has a clear process for recouping advanced funds.
Wage Advance. Pending receipt of payments from the Workers' Compensation Board, an employee shall receive advances up to the amount of his/her normal earnings, less income tax deductions provided, however, that the Employer in its discretion, may limit such advances to the amount of an employee's accumulated sick leave benefits as at the commencement of his/her disability. Proof of disability will be required before such advances are made.