Common use of Method of Payback Clause in Contracts

Method of Payback. 1. The employee must choose one of the following options for paying back the overpayment: a. Voluntary wage deduction b. Cash c. Check 2. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made, unless a longer period is agreed to by the employee and the agency. The payroll deduction to repay the overpayment shall not exceed five percent (5%) of the employee’s disposable earnings in a pay period, unless the College and employee agree to an amount that is more than the five percent (5%). 3. If the employee fails to choose one of the three options described above, within the timeframe specified in the agency’s written notice of overpayment, the agency will deduct the overpayment owed from the employee’s wages. This overpayment recovery will take place over a period of time equal to the number of pay periods during which the overpayment was made.

Method of Payback. 1. The employee must choose one of the following options for paying back the overpayment: a. Voluntary wage deduction b. Cash c. Check 2. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made, unless a longer period is agreed to by the employee and the agency. The payroll deduction to repay the overpayment shall not exceed five percent (5%) of the employee’s disposable earnings in a pay period, unless the College and employee agree to an amount that is more than the five percent (5%). 3. If the employee fails to choose one of the three options described above, within the timeframe specified in the agency’s written notice of overpayment, the agency will deduct the overpayment owed from the employee’s wages. This overpayment recovery will take place over a period of time equal to the number of pay periods during which the overpayment was made. 4. Any overpayment amount still outstanding at separation of employment will be deducted from their final pay.