Common use of Method and Time of Salary Payment Clause in Contracts

Method and Time of Salary Payment. Teachers shall receive their pay on Fridays and may elect one of the following methods for payment. In the absence of an election, teachers shall be paid under method (1) below: 1. Salary prorated over 52 weeks with 26 equal payments; or 2. Salary prorated over 52 weeks with 21 equal payments and one five-payment sum to be made at the end of the school year; or 3. Salary prorated over 42 weeks with 21 equal payments. 4. Once any of the above choices has been elected that method of payment will remain in effect until written notification by the teacher of the new election for the following school year by July 1. In the case of new teachers hired after July 1, the election shall be made within five (5) days after the date of hire. 5. Teachers may have their paychecks directly deposited in their personal banks by submitting the appropriate direct deposit materials and authorizations to the school district.

Method and Time of Salary Payment. Teachers shall receive their pay on Fridays and may elect one of the following methods for payment. In the absence of an election, teachers shall be paid under method (1) below: 1. Salary prorated over 52 weeks with 26 equal payments; or 2. Salary prorated over 52 weeks with 21 equal payments and one five-payment sum to be made at the end of the school year; or 3. Salary prorated over 42 weeks with 21 equal payments. 4. Once any of the above choices has been elected that method of payment will remain in effect until written notification by the teacher of the new election for the following school year by July 1. In the case of new teachers hired after July 1, the election shall be made within five (5) days after the date of hire. 5. Teachers may have their paychecks directly deposited in their personal banks by submitting the appropriate direct deposit materials and authorizations to the school districtdepartment.