Employee Payments. (i) The hours worked by and payments made to the Company's employees have not been in violation in any respect of the Fair Labor Standards Act or any other applicable federal, foreign, state or local laws dealing with such matters.
Employee Payments. 29.01 Electronic Funds Transfer (EFT) shall be the primary method for paying employees, including salary as well as other payments, as determined by management. In addition to mandatory exclusions from this policy set by statute or regulation, other exclusions from this policy, if permitted by governing regulations, are: (a) temporary and seasonal employees with appointments less than 180 days; (b) employees for whom hardship exists as determined by management on a case-by-case basis; and (c) employees stationed in locations where no financial institution capable of receiving EFT payments is available within reasonable distance of the duty station or temporary duty site.
Employee Payments. The Borrower has withheld from each payment to any of its officers, directors and employees the amount of taxes, including, but not limited to income tax and other deductions required to be withheld therefrom and has paid the same to the proper tax or other receiving officers within the time required under any applicable legislation. The Borrower is not subject to any claim by its employees arising from salary or benefits which would rank pari passu with, or prior to, the charges of the Security, all such salary and benefits being paid when and as due; (o)
Employee Payments. As soon as is reasonably practicable after the Closing (but in no event later than 30 days after the Closing Date), Seller shall estimate the total amount of vacation pay, sick leave pay and other amounts accrued by, but not paid to (or assumed by Seller under the Assumption of Liabilities), employees of the Company on or prior to the Closing Date (collectively, the "Accrued Pay"), and shall pay to Purchaser, in cash, an amount equal to 50% of such estimated amount (the "Estimated Payment"). On the date one year after the Closing Date, Seller shall pay to Purchaser, in cash, an amount equal to the excess, if any, of (i) any Accrued Pay that has been paid by Purchaser, over (ii) the Estimated Payment; provided, however that Purchaser shall provide Seller with such reasonable documentation as is requested by Seller in connection with such payments by Purchaser. Notwithstanding the foregoing, if Purchaser is not obligated to pay all of the Estimated Payment to employees of the Company (whether because of early termination of such employees or otherwise), Purchaser shall pay to Seller, in cash, on the date one year after the Closing Date, an amount equal to the excess of (x) of the Estimated Payment, over (y) any Accrued Pay that has been paid by Purchaser.
Employee Payments. All salaries, wages, back pay, vacation pay, bonuses, commissions and other compensation payable by the Company to the employees of and consultants to the Company and any previous employees of or consultants to the Company through the date of Closing, including any retention bonus or other compensation payable in connection with the Closing, have been or will be paid in full or waived in writing as of the date of the Closing.
Employee Payments. The Borrower will withhold from each payment to any of its officers, directors and employees the amount of all source deductions, including, but not limited to income tax and other deductions required to be withheld therefrom and will pay the same to the proper tax or other receiving authorities within the time required under any applicable legislation; (k)
Employee Payments. Schedule 3.1(z) of the Company Disclosure Schedule accurately sets forth the amount of all Employee Payments (as hereinafter defined) and a listing of each contract, arrangement or understanding pursuant to which any Employee Payment may be due and payable other than pursuant to an agreement with Parent or one of its current Affiliates. For purposes of this Agreement, “Employee Payments” means payments or other distributions required to be made by any Person (other than Parent or one of its current Affiliates) pursuant to any oral or written contracts or other agreements, to any directors, officers, employees or agents of the Company or any of the Subsidiaries pursuant to the terms of such contracts or agreements.
Employee Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (either alone or in combination with another event) (i) result in any payment becoming due, or increase the amount of any compensation or benefits due, to any current or former employee of Parent; (ii) increase any benefits otherwise payable under any Parent Plan; (iii) result in the acceleration of the time of payment or vesting of any such compensation or benefits; or (iv) result in the payment of any amount that would, individually or in combination with any other such payment, be an “excess parachute payment” within the meaning of Section 280G of the Code. No Person is entitled to receive any additional payment (including any tax gross-up or other payment) from Parent or any of its Subsidiaries as a result of the imposition of the excise taxes required by Section 4999 of the Code or any taxes required by Section 409A of the Code.
Employee Payments. Blue Chip has paid to the date of this Agreement all amounts due and payable on account of salary, fees, bonus payments, commissions and all other remuneration and other payment obligations to or on behalf of any and all of their respective employees, and the Financial Information properly reflects all required accruals, whether for vacation pay or otherwise.
Employee Payments. EcoHome has paid to the date of this Agreement all amounts due and payable on account of salary, fees, bonus payments, commissions and all other remuneration and other payment obligations to or on behalf of any and all of their respective employees, and the Financial Information properly reflects all required accruals, whether for vacation pay or otherwise.
