Common use of Twelve-Month Payment Option Clause in Contracts

Twelve-Month Payment Option. The parties agree that a twelve-month payment option for 281 9-month employees shall be offered each year during an annual open enrollment period from April 1 to 282 June 30. If chosen by the employee, this payment option shall become effective for one year starting with 283 the first full pay period beginning after August 8. The plan shall allow for employees to select a fixed 284 savings amount to be deducted from each of the nineteen full bi-weekly paychecks received during the 285 Fall and Spring semesters with a change in that amount to account for those paychecks from which 286 double premiums are deducted. The total savings shall be returned to the employee in equal amounts for 287 the five full bi-weekly paychecks received during the Summer semester. The University shall provide an 288 online calculator and assistance as reasonable, taking into account time and resources, to assist the 289 employee in determining a savings amount and fixed reduction amount that will allow the employee’s net 290 paychecks to remain approximately level across the 24 pay periods. Pay received for supplemental 291 summer assignments shall be unaffected by this plan. This pay plan is subject to tax limitations. 292

Twelve-Month Payment Option. The parties agree that a twelve-month payment option for 281 267 9-month employees shall be offered each year during an annual open enrollment period from April 1 to 282 268 June 30. If chosen by the employee, this payment option shall become effective for one year starting with 283 269 the first full pay period beginning after August 8. The plan shall allow for employees to select a fixed 284 270 savings amount to be deducted from each of the nineteen full bi-weekly paychecks received during the 285 271 Fall and Spring semesters with a change in that amount to account for those paychecks from which 286 272 double premiums are deducted. The total savings shall be returned to the employee in equal amounts for 287 273 the five full bi-weekly paychecks received during the Summer semester. The University shall provide an 288 online 274 calculator and assistance as reasonable, taking into account time and resources, to assist the 289 employee in 275 determining a savings amount and fixed reduction amount that will allow the employee’s net 290 paychecks 276 to remain approximately level across the 24 pay periods. Pay received for supplemental 291 summer 277 assignments shall be unaffected by this plan. This pay plan is subject to tax limitations. 292278

Twelve-Month Payment Option. The parties agree that a twelve-month payment 259 option for 281 9-month employees shall be offered each year during an annual open enrollment 260 period from April 1 to 282 June 30. If chosen by the employee, this payment option shall 261 become effective for one year starting with 283 the first full pay period beginning after August 262 8. The plan shall allow for employees to select a fixed 284 savings amount to be deducted from 263 each of the nineteen (19) full bi-weekly paychecks received during the 285 Fall and Spring 264 semesters with a change in that amount to account for those paychecks from which 286 double 265 premiums are deducted. The total savings shall be returned to the employee in equal 266 amounts for 287 the five (5) full bi-weekly paychecks received during the Summer semester. 267 The University shall provide an 288 online calculator and assistance as reasonable, taking into 268 account time and resources, to assist the 289 employee in determining a savings amount and 269 fixed reduction amount that will allow the employee’s net 290 paychecks to remain 270 approximately level across the 24 pay periods. Pay received for supplemental 291 summer 271 assignments shall be unaffected by this plan. This pay plan is subject to tax limitations. 292272

Twelve-Month Payment Option. The parties agree that a twelve-month payment 353 option for 281 9-month employees shall be offered each year during an annual open enrollment 354 period from April 1 to 282 June 30. If chosen by the employee, this payment option shall 355 become effective for one year starting with 283 the first full pay period beginning after August 356 8. The plan shall allow for employees to select a fixed 284 savings amount to be deducted from 357 each of the nineteen (19) full bi-weekly paychecks received during the 285 Fall and Spring 358 semesters with a change in that amount to account for those paychecks from which 286 double 359 premiums are deducted. The total savings shall be returned to the employee in equal 360 amounts for 287 the five (5) full bi-weekly paychecks received during the Summer semester. 361 The University shall provide an 288 online calculator and assistance as reasonable, taking into 362 account time and resources, to assist the 289 employee in determining a savings amount and 363 fixed reduction amount that will allow the employee’s net 290 paychecks to remain 364 approximately level across the 24 pay periods. Pay received for supplemental 291 summer 365 assignments shall be unaffected by this plan. This pay plan is subject to tax limitations. 292366

Twelve-Month Payment Option. The parties agree that a twelve-month payment option for 281 241 9-month employees shall be offered each year during an annual open enrollment period from April 242 1 to 282 June 30. If chosen by the employee, this payment option shall become effective for one year 243 starting with 283 the first full pay period beginning after August 8. The plan shall allow for employees 244 to select a fixed 284 savings amount to be deducted from each of the nineteen (19) full bi-weekly 245 paychecks received during the 285 Fall and Spring semesters with a change in that amount to account 246 for those paychecks from which 286 double premiums are deducted. The total savings shall be returned 247 to the employee in equal amounts for 287 the five (5) full bi-weekly paychecks received during the 248 Summer semester. The University shall provide an 288 online calculator and assistance as reasonable, 249 taking into account time and resources, to assist the 289 employee in determining a savings amount and 250 fixed reduction amount that will allow the employee’s net 290 paychecks to remain approximately level 251 across the 24 pay periods. Pay received for supplemental 291 summer assignments shall be unaffected 252 by this plan. This pay plan is subject to tax limitations. 292253

Twelve-Month Payment Option. The parties agree that a twelve-month payment option for 281 290 9-month employees shall be offered each year during an annual open enrollment period from April 1 to 282 291 June 30. If chosen by the employee, this payment option shall become effective for one year starting with 283 292 the first full pay period beginning after August 8. The plan shall allow for employees to select a fixed 284 293 savings amount to be deducted from each of the nineteen full bi-weekly paychecks received during the 285 294 Fall and Spring semesters with a change in that amount to account for those paychecks from which 286 295 double premiums are deducted. The total savings shall be returned to the employee in equal amounts for 287 296 the five full bi-weekly paychecks received during the Summer semester. The University shall provide an 288 297 online calculator and assistance as reasonable, taking into account time and resources, to assist the 289 298 employee in determining a savings amount and fixed reduction amount that will allow the employee’s net 290 299 paychecks to remain approximately level constantlevel across the 24 pay periods. Pay received for 300 supplemental 291 summer assignments shall be unaffected by this plan. This pay plan is subject to tax 301 limitations. 292302 2017-08-11 Article 23 BOT Proposal #4 tracked from Status Quo