Errors in Paycheck Sample Clauses

The "Errors in Paycheck" clause establishes procedures for addressing mistakes in employee wage payments. Typically, this clause outlines the steps an employee should take to report discrepancies, such as underpayments or overpayments, and details the employer's obligations to investigate and correct the error within a specified timeframe. Its core function is to ensure prompt resolution of payroll issues, thereby protecting both the employer and employee from ongoing financial inaccuracies and potential disputes.
Errors in Paycheck. 1. In the event of a mistake resulting in an overpayment to an employee, the employee shall be notified in writing of such overpayment which shall state the total amount overpaid and the reasons for the error. Employees shall contact the Location Payroll Contact person for an explanation of the error. If the Location Payroll Contact person cannot provide an explanation, the employee may contact the Payroll Department.
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Errors in Paycheck. 1. Overpayment of $100 or less — In the event of a mistake resulting in an overpayment to an employee, the employee shall be notified in writing of such overpayment which shall state the total amount overpaid and the reasons for the error. Upon notification, such overpayment shall be recovered from the employee’s next check. Such recovery shall not be made until the employee has received one additional check without such deductions being made. Employees shall contact the location payroll person for an explanation of the error. If the location payroll contact person cannot provide an explanation, the employee may contact the Payroll Department. Overpayments should be recouped in the calendar year in which it was discovered.
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Errors in Paycheck. 1. In the event of a mistake resulting in an overpayment to an employee, the employee shall be notified in writing of such overpayment which shall state the total amount overpaid and the reasons for the error. Upon notification, at the employee's option, such overpayment shall be recovered from one check or recovered from the remaining checks with an equal deduction being made from each check. In either case, such recovery shall not be made until the employee has received one additional check without such deductions being made. Employees shall contact the location contact person for an explanation of the error. If the location payroll contact person cannot provide an explanation, the employee may contact the Payroll Department.
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Errors in Paycheck. Errors in payroll checks shall be reported promptly to the payroll department. Errors in payroll checks shall be corrected no later than the next paycheck; except that an error in the last paycheck shall be corrected within ten (10) working days of notification to the payroll department. a. Salary Corrections — Amounts overpaid to employees shall be recovered by deductions from subsequent salary payments within the same fiscal year that the error is discovered. The number of subsequent checks to be affected shall be no greater than the number of checks that contained the error. If an employee terminates prior to reimbursing the District in full, the remaining balance due to the School Board shall be deducted from the final check. In the event that the amount due to the School Board is greater than the final check, or if the overpayment occurred on a person who is no longer an employee, recovery shall be by direct reimbursement and shall be due and payable within thirty (30) days of notice of the amount due.
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Errors in Paycheck 
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Related to Errors in Paycheck

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury ▇▇▇▇ rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.