Employee Advances Clause Samples
The Employee Advances clause outlines the terms under which an employer may provide funds to an employee in advance of their regular compensation or for specific business-related expenses. Typically, this clause specifies the conditions for requesting an advance, the maximum allowable amounts, and the process for repayment, such as through payroll deductions or reimbursement upon submission of receipts. Its core function is to facilitate employee access to necessary funds for work-related purposes while ensuring the employer has a clear mechanism for recovering the advanced amounts, thereby reducing financial risk and administrative confusion.
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Employee Advances. Borrower shall not make any loans or advances to Employees except in the ordinary course of business and consistent with past practices of Borrower in an aggregate amount not exceeding at any time $5,000.
Employee Advances loans or advances made by a Loan Party and their Restricted Subsidiaries to its employees in the ordinary course of business consistent with past practices for travel and entertainment expenses, relocation costs and similar purposes up to a maximum of $5,000,000 in the aggregate at any one time outstanding;
Employee Advances. As and when initiated by an Employee through the Software, Dayforce EMEA will make an Advance to Client up to the Maximum Employee Advance, for and on behalf of the Client, for distribution to the Employee via the Dayforce Card Account. Each Advance processed by Dayforce EMEA will be considered an Advance at the end of the Business Day on the date of processing of the Advance.
Employee Advances. Borrower shall not make any loans or ------------------ advances to Employees except in the ordinary course of business and consistent with past practices of Borrower in an aggregate amount not exceeding at any time $10,000.
Employee Advances. Sellers shall transfer all accounts receivable to Buyer relating to employee advances set forth on Schedule 7(e)(viii), and Buyer shall keep all repayments of such advances.
Employee Advances. Payroll, travel and similar advances to cover matters expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business. Various loans and advances to employees for office equipment, tuition, and moving expenses made in the ordinary course of business.
Employee Advances. From time to time in its sole discretion, PSMI may grant RVP an advance on compensation for services rendered pursuant to this Agreement. Such advance shall be secured by amounts payable to RVP by PSMI hereunder and by amounts which later become payable. PSMI, within its discretion, may provide RVP with an advance in an amount determined by PSMI. Such advance shall be payable at the next regular pay date unless otherwise approved in writing by PSMI. This advance option is subject to change or elimination at the discretion of PSMI, from time to time and without prior notice to RVP. RVP hereby authorizes PSMI to deduct from the undersigned’s compensation under the Agreement all prior advances. In the event that this Agreement is terminated in accordance with the provisions hereof, the unpaid balance of the advance shall be due and payable within thirty (30) days of termination of the Agreement.
Employee Advances. Borrowers shall not make any loans or advances to ------------------ Employees except
Employee Advances. From time to time in its sole discretion, PSMI may grant LO/RVP an advance on compensation for services rendered pursuant to this Agreement. Such advance shall be secured by amounts payable to LO/RVP by PSMI hereunder and by amounts which later become payable. PSMI, within its discretion, may provide LO/RVP with an advance in an amount determined by PSMI per loan application registered with PSMI by LO/RVP. Such advance shall be payable at the first pay date of each month and shall be based on all applications registered with PSMI for the preceding calendar month. This advance option is subject to change or elimination at the discretion of PSMI, from time to time and without prior notice to LO/RVP. LO/RVP hereby authorizes PSMI to deduct from the undersigned’s compensation under the Agreement all prior advances. In the event that this Agreement is terminated in accordance with the provisions hereof, the unpaid balance of the advance shall be due and payable within thirty (30) days of termination of the Agreement.
Employee Advances. Loans and advances to employees to meet ----------------- expenses incurred by such employees in the ordinary course of business, including without limitation relocation expenses;