Automatic Deposit Sample Clauses
The Automatic Deposit clause establishes that a specified sum of money will be automatically transferred or deposited into a designated account at set intervals or upon the occurrence of certain events. In practice, this clause may apply to rental agreements where security deposits are automatically collected from tenants, or to service contracts where recurring payments are required. Its core function is to streamline payment processes, reduce administrative oversight, and ensure timely fulfillment of financial obligations, thereby minimizing the risk of missed or late payments.
Automatic Deposit a. The payments shall be made by automatic deposit to the employee’s account and in accordance with the requirements of the Employment Standards Act.
Automatic Deposit. Each employee shall be paid via automatic deposit to the banking institution or credit union of their choice.
Automatic Deposit. Upon request, the Board shall provide for automatic deposit of teacher's pay to any designated bank or other financial institution.
Automatic Deposit. All employees are required to enroll in direct deposit.
Automatic Deposit. The CITY, upon authorization from any employee, shall make direct deposits to the financial institution of the employee’s choice, through the City’s duly authorized financial institution. The employee’s financial institution must have direct deposit capabilities.
Automatic Deposit. All principals will have their paychecks automatically deposited in one or more financial institutions of their choosing by completing an auto-deposit form provided by the district. Automatic deposit will commence as soon as possible following the submission of an auto-deposit form.
Automatic Deposit. Salaries of all employees will be directly deposited into a financial institution of his or her choice upon completion of necessary authorization forms. Each employee will be issued a statement every pay period with the appropriate pay information.
Automatic Deposit. 1. All employees, shall have their earnings and expenses transferred to the financial institution of their choice, provided that the institution selected is able to process electronic transfers.
2. Earnings, calculated as 50% of the monthly rate of pay, shall be deposited prior to noon on the 15th and the last day of the month.
3. Changes made by employees to their financial institution, account number, branch, etc., that affect the Company's ability to transfer their earnings and expenses to them, will require seven
Automatic Deposit. By signing an authorization agreement, your pay will be deposited directly to your banking institution. Commuter Checks are vouchers redeemed for mass transit fares. Participating agencies include BART, Muni, and almost all bus and ferry services. Up to $105 per month can be tax sheltered from paychecks in order to pay for commuting costs through these vouchers. USF will provide $35 a month to employees who do not have a parking permit. If you take advantage of this $35 stipend, up to $70 may be tax-sheltered to total the $105 per month that is allotted. USF Bookstore – 10% employee discount on most non-textbook items. Dining Dollars – 10% employee discount ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Ph.D. is the financial counselor available for individual consultations. To access the consultation schedule go to the HR web page under „Benefits and Pay‟ and then click on „Benefits Calendar,‟ or you can bookmark ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/hr/benefits/▇▇▇▇▇▇.html on your browser. The appointment times will be posted two weeks prior to the first appointment date on the USFConnect Message Board. Appointments will be taken two weeks prior to the appointment date, once the message has been posted. The TIAA-CREF and AIG VALIC schedule for one-hour individual consultations is also available online at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/hr/benefits/▇▇▇▇▇▇.html, and will be posted on the USF Connect Message Board.