PAYMENT OF WAGES METHOD OF PAYMENT Sample Clauses

The 'Payment of Wages Method of Payment' clause defines how employees will receive their wages, specifying the acceptable forms and processes for wage disbursement. Typically, this clause outlines whether payment will be made via direct deposit, check, or another method, and may include details such as pay frequency and any requirements for changes to payment methods. Its core function is to ensure both employer and employee have a clear understanding of how and when wages will be paid, reducing confusion and potential disputes over payment procedures.
PAYMENT OF WAGES METHOD OF PAYMENT. ‌ (1) Payment of wages shall be by electronic funds transfer to each Employee's nominated Australian financial institution account. (2) Wages shall be paid weekly in arrears and no later than Thursday in each week. (3) Payslips will be provided to employees on site no later than the close of business Thursday of each week. (4) In any week on which a holiday falls on the normal pay day, wages shall be paid on the preceding day.
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PAYMENT OF WAGES METHOD OF PAYMENT. 1) Wages shall be paid in full, in cash or by cheque payable at par, no later than Thursday of each week. Wages shall be paid to an employee during working hours and in the work place. With the employee’s consent, however, the employer may pay the wages by means of a bank transfer, before the end of the standard working day on Thursday. 2) When Thursday or Friday is a holiday, the employee shall receive his pay no later than the preceding Wednesday, except when such payment is made by bank transfer. 3) Employers shall facilitate the cashing of cheques outside working hours for any employee working outside his region. 4) When payment is made by cheque, the cheque shall be dated no later than the date of payment. 5) For an employee on vacation, the payment of wages is postponed to no later than Thursday of the employee’s next work week. 6) An employee working on a second shift or whose working hours are scheduled between 16:00 and 7:00 shall receive his weekly wages before the end of his work day starting on Wednesday. 7) When an employee is absent on pay day, the em- ployer shall send the employee’s pay cheque to his residence, mailing it no later than Friday, unless the employee agrees with the employer to pick it up himself at another time. 8) Wages payable to an employee who has been laid off or dismissed, or who has voluntarily left his em- ployment shall be sent by the employer by regis- tered or certified mail to the employee’s residence, in accordance with the provisions of this article. 9) When an employee is laid off or dismissed, or vol- untarily leaves his employment, his employer shall give him the employment termination form on the day of his departure or shall mail, email or fax the form to the employee according to the informa- tion provided in the document specified in Article
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PAYMENT OF WAGES METHOD OF PAYMENT. 1) Wages shall be paid in full, in cash or by cheque payable at par, no later than Thursday of each week. Wages shall be paid to an employee during working hours and in the work place. With the employee’s consent, however, the employer may pay the wages by means of a bank transfer, before the end of the standard working day on Thursday. 2) When Thursday or Friday is a holiday, the employee shall receive his pay no later than the preceding Wednesday, except when such payment is made by bank transfer. 3) Employers shall facilitate the cashing of cheques outside working hours for any employee working outside his region. 4) When payment is made by cheque, the cheque shall be dated no later than the date of the employee’s pay day. 5) For an employee on vacation, the payment of wages is postponed to no later than Thursday of the employee’s next work week. 6) An employee working on a second shift or whose working hours are scheduled between 16:00 and 7:00 shall receive his weekly wages before the end of his work day starting on Wednesday. 7) When an employee is absent on pay day, the employer shall send the employee’s pay cheque to his residence, mailing it no later than Friday, unless the employee agrees with the employer to pick it up himself at another time. 8) Wages payable to an employee who has been laid off or dismissed, or who has voluntarily left his employment shall be sent by the employer by registered or certified mail to the employee’s residence, in accordance with the provisions of this article. 9) When an employee is laid off or dismissed, or voluntarily leaves his employment, his employer shall give him the employment termination statement on the day of his departure or shall mail this statement to the employee within the deadlines prescribed under the Employment Insurance Act at the employee’s last known address. 10) When, at the request of the employer, employees must go to the employer’s office or to a place other than the job site to receive their wages, either during working hours or outside working hours, the employer shall pay any transportation costs and the necessary travelling time, at the applicable wage rate. 11) When an employee does not receive his pay at the latest on Thursday before the end of the standard working day, the employer shall pay him on Friday in cash or by cheque, but in the latter case, he shall allow the employee the time needed to cash his cheque before the end of the standard working day with no loss in wages.
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Related to PAYMENT OF WAGES METHOD OF PAYMENT

  • Method of Payment Subject to Section 8.01(c), distributions required to be made to Certificateholders on any Payment Date as provided in Section 5.01 shall be made to each Certificateholder of record on the preceding Record Date by wire transfer, in immediately available funds, to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Payment Date or, if not, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register.

  • Purchase Price and Method of Payment 4.1 The Purchase Price of the Property shall be the amount stated in paragraph 4.2 The Purchaser shall pay the Attorneys the Reservation Deposit as stated in paragraph D2 of the Information Schedule on signature of this Agreement, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.2 shall constitute authority to the Conveyancers, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit. The Reservation Deposit will be used by the Purchaser towards the payment of Transfer and or Bond costs payable by the Purchaser as per clause 6.2 of this Agreement. 4.3 The Purchaser shall pay the Attorneys the Deposit as stated in paragraph D3 of the Information Schedule within 30 (Thirty) days of Signature Date, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.3 shall constitute authority to the Attorneys, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit. 4.4 The Balance of the Purchase Price of the Property, as stated in paragraph D5 of the Information Schedule, shall be paid to the Seller on the Transfer Date. 4.5 Within 30 days after Signature Date, the Purchaser shall furnish the Seller with an irrevocable guarantee issued by a registered commercial bank for the due payment of the Balance of the Purchase Price of the Property. 4.6 Alternatively to 4.5 above, the Purchaser shall be entitled to pay into the trust account of the Attorneys the Balance of the Purchase Price of the Property, to be held by such Attorneys in an interest bearing trust account, interest to accrue for the benefit of the Purchaser until the date upon which payment of the relevant amount falls due. 4.7 The Purchaser hereby undertakes to provide the Attorneys with all such information and/or documentation required in order to comply with the Financial Intelligence Centres Act No. 38 of 2001 requirements, which information shall include, but not be limited to, proof of the Purchaser's Income Tax Registration Number, residential address and certified copies of identity documents or company, close corporation or Trust documentation as the case may be. 4.8 The Purchaser hereby acknowledges that he is aware that no monies can be invested as provided for herein until such time as the information required in terms of 4.7 is furnished to the Attorneys.