System of Payment Sample Clauses
The "System of Payment" clause defines the method and schedule by which payments will be made under a contract. It typically outlines whether payments are to be made in lump sums, installments, or based on milestones, and may specify the timing, required documentation, and conditions for each payment. For example, in a construction contract, this clause might require payments upon completion of certain project phases or after approval of work performed. Its core practical function is to provide clarity and predictability for both parties regarding financial obligations, reducing the risk of disputes over payment timing and amounts.
System of Payment. Par.
1. It is agreed that all Mechanics, Helpers, Apprentices and Assistant Mechanics shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Company's address. Mechanics, Helpers, Apprentices and Assistant Mechanics shall be given the option to be paid by direct deposit or by direct mail. However, there shall be no obligation on the part of any employee or the Company to participate in the direct deposit/direct mail program and no discrimination against either one if either should elect not to participate. Once enrolled, an employee in direct deposit/direct mail program may elect to discontinue enrollment by giving the Company ten (10) working days written notice. Should a change to a time ticket be required, the Company shall notify the Mechanic and/or Helper, Apprentice or Assistant Mechanic in writing of the reason for such change within five (5) working days.
2. Elevator Constructors shall receive at the time of weekly payment, a check stub containing the following information:
1. Employee's name and some form of identification number other than the full social security number.
2. Total hours worked-regular and overtime, accumulative.
3. Total wages-weekly and accumulative.
4. Federal income taxes withheld.
5. FICA taxes withheld.
6. Health Benefit Plan & Pension deductions weekly and accumulative.
7. Any other authorized or legitimate deductions.
8. Vacation pay-weekly and accumulative in amount of money.
9. Annuity contributions-weekly and accumulative in amount of money.
10. 401(k) deductions-weekly and accumulative in amount of money. At the time of weekly payment, at the employee’s request, the Employer shall also provide the employee with a document, in writing, reporting the time the employee submitted to his Employer for that payment regardless of whether the employee submitted his time on paper, electronically, or by any other medium. Should the Company's payroll and/or accounting department experience a short work week due to a holiday or any other reason, the Company shall make any special arrangements necessary to insure employees receiving pay on schedule.
3. The Employer agrees to deduct from an employee’s wages, for each hour of work performed, the sum indicated on a voluntary check-off authorization card signed by that employee, as a voluntary contribution to NECPAC, the Union’s political action fund. The amount shall be remitted by the Employer to the Union’s political action fund no la...
System of Payment. Par.
1. It is agreed that all Mechanics, Helpers, Apprentices and Assistant Mechanics shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Company’s address. Mechanics, Helpers, Apprentices and Assistant Mechanics shall be given the option to be paid by direct deposit or by direct mail. However, there shall be no obli- gation on the part of any employee or the Company to par t icipate in the di rect de- posit/direct mail program and no discrimina- tion against either one if either should elect not to participate. Once enrolled, an employee in di rect depos it/di rect mail program may elect to discontinue enrollment by giving the Company ten (10) working days written no- ▇▇▇▇. Should a change to a time ticket be re- quired, the Company shall notify the Mechanic and/or Helper, Apprentice or Assistant Me- chanic in wr i t ing of the reason for such change within five (5) working days.
2. Elevator Constructors shall receive at the time of weekly payment, a check stub con- taining the following information:
1. Employee’s name and some form of iden- tification number other than the full social se- curity number.
2. Total hours worked-regular and overtime, accumulative.
3. Total wages-weekly and accumulative.
4. Federal income taxes withheld.
5. FICA taxes withheld.
6. Health Benefit Plan & Pension deductions weekly and accumulative.
7. Any other authorized or legitimate deduc- tions.
8. Vacation Pay and PTO-weekly and accu- mulative in amount of money.
9. Annuity contributions-weekly and accu- mulative in amount of money.
10. 401(k) deductions-weekly and accumu- lative in amount of money. At the time of weekly payment, at the em- ployee’s request, the Employer shall also pro- vide the employee with a document, in writ- ing, reporting the time the employee submit- ▇▇▇ to his Employer for that payment regard- less of whether the employee submitted his time on paper, electronically, or by any other medium. Should the Company’s payroll and/or ac- counting department experience a short work week due toa holiday or any other reason, the Company shal l make any special ar range- ments necessary to insure employees receiv- ing pay on schedule.
System of Payment. Par.
1. It is agreed that all Mechanics, Helpers and Apprentices shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Company's address. Mechanics, Helpers and Apprentices shall be given the option to be paid by direct deposit or by direct mail. However, there shall be no obligation on the part of any employee or the Company to participate in the direct deposit/direct mail program and no discrimination against either one if either should elect not to participate. Once enrolled, an employee in direct deposit/direct mail program may elect to discontinue enrollment by giving the Company ten (10) working days written notice. Should a change to a time ticket be required, the Company shall notify the mechanic and/or helper or apprentice in writing of the reason for such change within five (5) working days.
2. Elevator Constructors shall receive at the time of weekly payment, a check stub containing the following information:
1. Employee's name and social security number.
2. Total hours worked - regular and overtime, accumulative.
3. Total wages - weekly and accumulative.
4. Federal income taxes withheld.
5. FICA taxes withheld.
6. Health Benefit Plan & Pension deductions weekly and accumulative.
7. Any other authorized or legitimate deductions.
8. Vacation pay - weekly and accumulative in amount of money. At the time of weekly payment, at the employee’s request, the Employer shall also provide the employee with a document, in writing, reporting the time the employee submitted to his Employer for that payment, regardless of whether the employee submitted his time on paper, electronically, or by any other medium. Should the Company's payroll and/or accounting department experience a short work week due to a holiday or any other reason, the Company shall make any special arrangements necessary to insure employees receiving pay on schedule.
System of Payment. 1. The financing is provided to the Beneficiary in the form of advance payments in the case of first payment and interim payments and refunds of the eligible expenditure actually incurred for the Project – in case of the final payment. Payments are made on the basis of the Agreement in accordance with the approved “Schedule of the planned disbursement of funds” by the applicant as part of the application form and based on accepted interim reports and the final report on implementation of the Project.
2. Financing is provided in accordance with the Act on Public Finance of 27 August 2009 (Journal of Laws No. 157, item 1240, as amended).
3. The payments under the EEA Financial Mechanism shall be transferred by the Programme Operator through the National Economy Bank (hereinafter referred to as “NEB”) to the Beneficiary's bank account in PLN number open only for those funds.
System of Payment. Par.
1. It is agreed that all Mechanics and Helpers shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Company’s ad-
2. Elevator Constructors shall receive at the time of weekly payment, a check stub containing the following information:
1. Employee’s name and social security number.
2. Total hours worked-regular and over- time, accumulative.
3. Total wages-weekly and accumulative.
4. Federal income taxes withheld.
5. F.I.C.A. taxes withheld.
6. Health Benefit Plan & Pension deduc- tions- weekly and accumulative.
7. Any other authorized or legitimate de- ductions.
8. Vacation pay-weekly and accumulative in amount of money. Should the Company’s payroll and/or ac- counting department experience a short work week due to a holiday or any other rea- son, the Company shall make any special arrangements necessary to insure employ- ees receiving pay on schedule.
System of Payment. Par. 1 It is agreed that all Mechanics, Helpers and Apprentices shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Company's address. Mechanics, Helpers and Apprentices shall be given the option to be paid by direct deposit or by direct mail. However, there shall be no obligation on the part of any employee or the Company to participate in the direct deposit/direct mail program and no discrimination against either one if either should elect not to participate. Once enrolled, an employee in direct deposit/direct mail program may elect to discontinue enrollment by giving the Company ten (10) working days written notice. Should a change to a time ticket be required, the Company shall notify the mechanic and/or helper or apprentice in writing of the reason for such change within five (5) working days.
1. Employee's name and social security number.
2. Total hours worked - regular and overtime, accumulative.
3. Total wages - weekly and accumulative.
4. Federal income taxes withheld.
5. FICA taxes withheld.
6. Health Benefit Plan & Pension deductions weekly and accumulative.
7. Any other authorized or legitimate deductions.
8. Vacation pay - weekly and accumulative in amount of money.
9. Annuity contributions-weekly and accumulative in amount of money 10. 401- (k) deductions-weekly and accumulative in amount of money
System of Payment. Par.
1. It is agreed that all Mechanics and Helpers shall be paid weekly by check, which shall be sent to any address they elect to designate other than the Employer’s ad- dress. Mechanics and Helpers shall be given the option to be paid by direct deposit or by direct mail. However, there shall be no oblig- ation on the part of any employee or Em- ployer to participate in the direct deposit/di- rect mail program and no discrimination against either one if either should elect not to participate. Once enrolled, an employee in direct deposit/direct mail program may elect to discontinue enrollment by giving his Em- ployer ten (10) working days written notice.
2. Elevator Constructors shall receive at the time of weekly payment, a check stub
1. Employee’s name and social security number.
2. Total hours worked-regular and over- time, accumulative.
3. Total wages-weekly and accumulative.
4. Federal income taxes withheld.
5. F.I.C.A. taxes withheld.
6. Health Benefit Plan & Pension deduc- tions — weekly and accumulative.
7. Any other authorized or legitimate de- ductions.
8. Vacation pay-weekly and accumulative in amount of money. Should an Employer’s payroll and/or ac- counting department experience a short work week due to a holiday or any other rea- son, the Employer shall make any special arrangements necessary to insure employ- ees receiving pay on schedule.