Common use of Overpayment and Underpayment Clause in Contracts

Overpayment and Underpayment. (a) Should the Employer issue an Employee an overpayment/underpayment of wages and/or entitlements, then the Employer may make the necessary monetary or entitlement adjustments. The Employer shall take such internal administrative action as is necessary to correct such errors, providing such corrective action is taken within six (6) months of the overpayment/underpayment. (b) In the event an Employee is overpaid, the Employer shall notify the Employee, in writing, that an overpayment has been made and discuss repayment options. By mutual agreement between the Employer and the Employee, repayment arrangements shall be made. In the event mutual agreement cannot be reached, the Employer shall recover the overpayment by deducting up to twenty percent (20%) of the Employee’s gross earnings per pay period. (c) In the event an Employee is underpaid, the Employee shall notify the Employer in writing, that an underpayment has been made. If the amount of the underpayment is in excess of two hundred dollars ($200.00) the full amount will be paid to the Employee within five (5) business days. If the amount of the underpayment is less than two hundred dollars ($200.00) the full amount will be paid to the Employee in the pay period following the date on which the error come to the Employer’s attention.

Overpayment and Underpayment. (a) Should the Employer issue an Employee an overpayment/underpayment of wages and/or entitlements, then the Employer may make the necessary monetary or entitlement adjustments. The Employer shall take such internal administrative action as is necessary to correct such errors, providing such corrective action is taken within six (6) months of the overpayment/underpayment. (b) In the event an Employee is overpaid, the Employer shall notify the Employee, in writing, that an overpayment has been made and discuss repayment options. By mutual agreement between the Employer and the Employee, repayment arrangements shall be made. In the event mutual agreement cannot be reached, the Employer shall recover the overpayment by deducting up to twenty percent (20%) of the Employee’s gross earnings per pay period. (c) In the event an Employee is underpaid, the Employee shall notify the Employer Employer, in writing, that an underpayment has been made. If the amount of the underpayment is in excess of two hundred dollars ($200.00) the full amount The correction will be paid to the Employee within five (5) business days. If the amount of the underpayment is less than two hundred dollars ($200.00) the full amount will be paid to the Employee made in the pay period following the date on which the error come comes to the Employer’s attention.