Methods of Pay Sample Clauses

The "Methods of Pay" clause defines the acceptable forms and procedures for making payments under the agreement. It typically outlines whether payments should be made via check, wire transfer, electronic funds transfer, or other specified methods, and may include details such as required account information or payment processing timelines. By clearly specifying how payments are to be made, this clause helps prevent disputes and confusion regarding payment logistics, ensuring both parties understand and agree on the payment process.
Methods of Pay. At the election of the Employer one of the following options of payment will be utilized: a. Direct Deposit in employee’s bank account. (In the case of direct deposit to an employee's bank account, the employer’s bank statement Electronic Fund Transfer (EFT) effective date shall serve as the cutoff for any penalty.)
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Methods of Pay. Twelve (12) equal monthly payments beginning with September. The June check is paid on the teacher's last workday in June. The July and August checks are paid by June 30 by separate checks.
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Related to Methods of Pay

  • Methods of Payment Distributions from the Director's Deferral Accounts shall be paid in cash in a single sum unless the Participant elects, at the time a Payment Date is selected pursuant to paragraph 4.1(a) or 4.1(b), to receive the amount payable in generally equal quarterly installments over a period not to exceed ten (10) years. In addition, at least one year before the Payment Date, a Director may change the method of payment previously selected.

  • Rates of Pay (a) Employees shall be paid in accordance with the rates of pay negotiated by the Parties of this Agreement. For information purposes, the applicable rates of pay are recorded as Appendix A to this Agreement. (b) The distribution of paycheques shall be done in such a manner that the details of the paycheque shall be confidential.

  • METHODS OF CALCULATION 224. Bi-Weekly. An employee whose compensation is fixed on a bi-weekly basis shall be paid the bi-weekly salary for his/her position for work performed during the bi-weekly payroll period. There shall be no compensation for time not worked unless such time off is authorized time off with pay.

  • WAGES AND RATES OF PAY 7.01 Wage Schedules applicable to various job classifications are as set forth in Schedule “A”. 7.02 Additional classifications may be established only by mutual agreement between the Employer and the Union during the term of this Agreement and the rates for same shall be subject to negotiation between the Employer and the Union.

  • Basis of Payment The basis of payment is identified in Attachment E, Fee Schedule. Reimbursement of costs incurred under a work authorization shall be in accordance with Attachment E, Fee Schedule.