The Division shall direct deposit the payroll for each teacher. Each teacher shall supply to the Division a void cheque drawn on the account to which the deposit is to be made. Salaries shall be paid in twenty-four (24) approximately equal semi-monthly payments, one payment on the 15th of the month and one payment on the last day of the month. If any of these days occur on a weekend or statutory holiday, payments will be made on the last immediately preceding banking day. When the contract between a teacher and the Division is terminated the unpaid salary, to the extent that this can be determined, shall be paid to the teacher upon such termination.