Additional Information Regarding Payroll Processing Sample Clauses

Additional Information Regarding Payroll Processing. The processing of any payroll items pursuant to this Section 3.1 for both direct deposits and checks shall be performed utilizing bank accounts of Specialty funded by Specialty, it being understood that Conexant shall have no obligation to make any payments or advance any funds with respect to such payroll processing. Specialty shall provide Conexant or the Payroll Processing Contractor with all authorizations necessary for the purpose of processing payroll payments pursuant to this Section 3.1 by check and direct deposit from Specialty's accounts. Specialty also shall supply Conexant with checks containing Specialty's name and bank account number thereon for purposes of making such payroll payments to be made by check. Conexant shall, or shall cause the Payroll Processing Contractor to, use reasonable efforts to provide Specialty with the amount of payroll payments at least one (1) business day prior to the date on which such payments are scheduled to be made. Conexant shall, or shall cause the Payroll Processing Contractor to, calculate the amount of employee authorized deductions, employee deductions required by law (including without limitation, wage garnishments, child support and other domestic relations orders and taxes and other levies), and amounts payable to third parties with respect to each such payroll based solely on employee deductions existing immediately prior to the Closing Date, as adjusted from time to time in writing by Specialty to Conexant or the Payroll Processing Contractor, consistent with such calculations made by Conexant with respect to its payroll immediately prior to the Closing Date (it being understood that neither Conexant nor the Payroll Processing Contractor will have any obligation to make payments on behalf of Specialty or Specialty employees to third parties with respect to the same). Once funding requirement information is furnished to Specialty by Conexant, Specialty shall confirm that sufficient uncommitted funds remain in the relevant payroll account, or ensure that sufficient funds are promptly transferred into the relevant payroll account no later than twenty-four (24) hours prior to each projected payroll or other disbursement. To the extent Conexant, at its sole option, makes payments for payroll or related deductions on behalf of Specialty for administrative convenience, Conexant shall notify Specialty at least one (1) business day in advance of the due date for any such payment, in which case Specialty shall...