Common use of Pay Frequency Clause in Contracts

Pay Frequency. All employees will be paid in twenty-four (24) equal installments with the exception of employees beginning work after the first day of their work calendar. Employees hired after the start of their normal work calendar will be paid in equal installments for the remaining pay periods of that pay year. 10-month employees will have the option of having their final paycheck for that school year paid in a lump sum on the June 15 payroll, referred to as a “summer lump sum.” All deductions in place as of the May 30 paycheck will remain as deductions. Insurance premiums will be processed as a lump sum deduction for the months of June - August. Once the summer lump sum pay option is elected, the employee may change back to twenty-four (24) pays, however, if the employee changes back to the twenty-four (24) pay option, the employee will no longer have the option to elect a summer lump sum option. A signed requested form must be received by the payroll coordinator no later than April 30 in order for the summer lump pay option to be processed.