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Union actors usually get their breakdowns on Fridays. 
Simply put, residuals are additional payments made to a director, actor, writer or producer for reusing material that they already helped create. For example, every time you see an episode of SEINFELD on TV, no matter what channel or what time of day it is, the writer, director and all the lead cast members will receive residual payments for that episode. The dollar value of residuals can vary a great deal depending the agreement made. For examples, writers can make anywhere from $2K and upwards of $5K per episode depending on how well they negotiate their contract. Do note, however, that as the particular episode continues to re-air, residual payments decrease.