Pay Distribution Sample Clauses

The Pay Distribution clause defines how and when payments will be allocated among the parties involved in an agreement. Typically, it outlines the schedule for disbursing funds, the method of payment, and the specific shares or percentages each party is entitled to receive. For example, it may specify that payments are made monthly via bank transfer, with each party receiving a predetermined portion. This clause ensures transparency and fairness in financial transactions, preventing disputes over payment timing or amounts.
Pay Distribution. Members of the bargaining unit will be compensated over the course of the year in twenty- six (26) equal biweekly pays. Direct deposit stubs will be available through the District's human resource web page. When an employee leaves employment from the District (resigns, retires, etc.), access to the web and email shall be available up to their last pay date. Severance will be paid by check rather than direct deposit. For the 2016-2017 school year only, there will be twenty-seven (27) pay dates from September 1, 2017, through August 31, 2018. As such, pay periods during the summer of 2017 shall be moved to the following dates: • June 9 through June 12 • June 23 through June 27 • July 7 through July 12 • July 21 through July 27 • August 4 through August 11
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Pay Distribution. Employees may elect one of the following methods of distribution: 1) Direct Deposit into employee’s account; Or 2) Mail deposit by regular first-class mail at the United States Postal Service. Deposits to banks or mail shall be made on the pay dates as defined above. Changes in direct deposit status shall take effect as soon as practicable after the employee completes and submits the appropriate forms.
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Pay Distribution. 24.1 All pays are computed on the basis of the work performed during each week as defined in Article VII, paragraph 7.1. 24.2 Pay distribution will normally be made every Friday for all pay due including overtime for work performed during the previous week, less taxes and other deductions for the previous week.
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Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: Pay-Day Annual Salary * The Pay stubs for the December 24, 2003 pay date will be in the schools on December 19, 2003.
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Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: Pay-Day Annual Salary All payments will be deposited directly in the employee’s bank account.
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Pay Distribution. Pay will be dated and distributed on the basis of the following schedule: 2004-2005 BI-WEEKLY PAY SCHEDULE Pay Days Portion of Annual Salary September‌ 9, 2004 1/26 23 1/26 October 7 1/26 21 1/26 November 4 1/26 18 1/26 December 2 2/26 16 1/26 30* 1/26 January 13, 2005 1/26 27 1/26 February 10 1/26 24 1/26 March 10 1/26 24 1/26 April 7 1/26 21 1/26 May 5 1/26 19 1/26 June 2 1/26 16 1/26 30 4/26 * The pay stubs for the December 30, 2004 pay date will be in the schools on January 5, 2005. The cheques for the December 30, 2004 pay will be mailed. 2005-2006 BI-WEEKLY PAY SCHEDULE Pay Days‌ Portion of Annual Salary September‌ 8, 2005 1/26 22 1/26 October 6 1/26 20 1/26 November 3 1/26 17 1/26 December 1 2/26 15 1/26 29* 1/26 January 12, 2006 1/26 26 1/26 February 9 1/26 23 1/26 March 9 1/26 23 1/26 April 6 1/26 20 1/26 May 4 1/26 18 1/26 June 1 1/26 15 1/26 29 4/26 * The pay stubs for the December 29, 2005 pay date will be in the schools on December 23, 2005. The cheques for the December 29, 2005 pay will be mailed.
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Pay Distribution. 6 Employees shall be paid in twelve (12) monthly installments by check or direct deposit, payments to 7 be made on or before the last banking day of each month. * 8 9 *One current employee will be grandfathered at a 10-(ten) month pay distribution. 10
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Related to Pay Distribution

  • Qualified Distributions Qualified distributions from your ▇▇▇▇ ▇▇▇ (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any ▇▇▇▇ ▇▇▇ (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your ▇▇▇▇ ▇▇▇ for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Required Distributions Except in the case of a special needs beneficiary, the assets of the ▇▇▇▇▇▇▇▇▇ ESA are required to be distributed to the designated beneficiary within 30 days of the designated beneficiary’s attainment of age 30. The designated beneficiary will be subject to both income tax and an additional 10 percent penalty tax on the portion of the distribution that represents earnings, if the designated beneficiary does not have any qualified education expenses in that year. Any balance remaining in the ▇▇▇▇▇▇▇▇▇ ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a death beneficiary is named and the death beneficiary is a qualified family member under age 30. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the date of death. Qualified family members include the designated beneficiary’s child, grandchild, or ▇▇▇▇▇▇▇▇▇, brother, sister, stepbrother, or stepsister, nephew or niece, parents, stepparents, or grandparents, uncle or aunt, spouses of all the family members listed above, cousin, and the designated beneficiary’s spouse. If a qualified family member becomes the designated beneficiary, the custodian, if it so chooses for any reason (e.g., due to limitations of its charter or bylaws), may require a total distribution of the ▇▇▇▇▇▇▇▇▇ ESA by December 31 of the year following the year of the original designated beneficiary’s death.

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

  • No Distribution Except with respect to any Shares that may be offered and sold pursuant to the Registration Statement, Counterparty is not entering into the Transaction to facilitate a distribution of the Shares (or any security that may be converted into or exercised or exchanged for Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Shares) or in connection with any future issuance of securities.