Common use of Final Pay Clause in Contracts

Final Pay. Regardless of whether the termination is on notice or without notice, the employee’s final pay is payable in the next available pay cycle, unless the employee requests of the employer in writing to receive the final pay on the last day of the employee’s work. G5 DEBT RECOVERY‌ G5.1 Notwithstanding anything contained elsewhere in this agreement or in law the parties agree that the Employer is entitled to make a deduction from the salary (including final pay and holiday pay in the case of a termination) of the Employee for a debt lawfully owed to the University. Deductions may be made, for example, for time lost through sickness or accident not covered by sick leave, unauthorised absence, non-return or damage of University property, default by you, holidays taken in advance, overpayment of salary, outstanding debts or money owed to the University by you. The Employee will be consulted before any deductions are made from pay. The Employer agrees that in an ongoing employment relationship where regular deductions from an employees’ salary is necessary to discharge the debt, the amount deducted will be fair and reasonable, considering the interests of both parties, including whether the proposed amount is affordable for the Employee. G6 EMPLOYMENT RELATIONSHIP PROBLEMS‌ The Employment Relations Act 2000 requires that all individual agreements contain a plain- language explanation of the services and processes available to resolve any employment relationship problems.