Common use of Method of Payment - Bi-weekly Payroll Procedures Clause in Contracts

Method of Payment - Bi-weekly Payroll Procedures. 9.02.01 Teachers and part-time Teachers on a pro-rated basis, will be paid all salaries owing or accruing due. Twenty-six or twenty-seven, as the case may be, equal installments to be paid every second Friday commencing with the last Friday in August. Payment shall be made on the Thursday where Friday is a holiday. 9.02.02 Part-time Teachers whose service commences after the beginning of the school year shall be paid all salaries owing or due, commencing on the first full pay date in that period worked. 9.02.03 Teachers who leave the Board’s employ will be paid any salary owing, up to the last day worked in accordance with the pay periods described herein. Upon request, the Teacher will be paid this salary in a lump sum payment. A lump sum payment may result in a larger tax withholding, and a corresponding reduction in net pay. A lump sum payment in June will also result in a loss of Board paid benefit coverage during July and August . 9.02.04 Where a Teacher works only a part of the school year, the Teacher shall be paid 1/194 times the number of days worked.