Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Closing to employees of the Business and the amount of bonuses due to such employees for all such periods will be paid by Company directly to such employees.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods prior to the Effective Date to employees of the Business and the amount of bonuses due to such employees for all such periods will be paid by Seller directly to such employees.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Closing Date to employees of Company will be paid by Company directly to such employees promptly following the Closing.
Other Payments and Adjustments. The amount of wages, salaries, commissions, bonuses and other remuneration due to employees and independent contractors of the Company (including, without limitation, with respect to all Transferred Employees) for all periods prior to the Closing shall be paid by the Company directly to such employees and independent contractors on or before the Closing Date.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the relevant Closing Date to employees of Sellers and Companies and the amount of bonuses due to such employees for all such periods will be paid by Sellers directly to such employees. Except to the extent taken into account in the relevant calculation of Estimated Net Working Capital (as to which Sellers covenant that they will include an estimate of the following Liabilities), Buyers shall receive a credit in the calculation of the Final Net Working Capital for each Business on each Settlement Date in an amount equal to all vacation and sick pay unpaid by Sellers and Companies as of the relevant Closing Date for the Business then being sold attributable to any period or partial period of employment by Sellers and Companies, plus employee payroll taxes applicable thereto due or to become due, for Affected Employees (as hereinafter defined) and (i) who have not as of the relevant Closing Date taken vacation or sick time earned prior to Closing, or (ii) who have not earned vacation or sick time as of the relevant Closing Date but who would have earned vacation or sick time for any such period or partial period of employment prior to the relevant Closing (on a pro rata basis) had they continued as employees of Sellers to the date when such vacation or sick pay would have accrued to them.
Other Payments and Adjustments. The amount of wages, salaries, commissions, bonuses, accrued vacation, holiday and/or sick time and other remuneration due to employees of Company for all periods prior to the Effective Time shall be paid by Company directly to such employees on or before the Closing Date.
Other Payments and Adjustments. The amount of wages and other renumeration due in respect of the periods to and including 1/31/97 to employees of Seller, the amount of bonuses due and unused vacation pay and any other employee benefits to such employees for all such periods shall remian a liability of, and be paid by Seller directly.
Other Payments and Adjustments. 8 [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. TABLE OF CONTENTS (CONT'D)
Other Payments and Adjustments. MAI may elect to make certain distributions of intangible assets and/or award certain stock options to certain of its employees prior to Closing with Buyer's consent not to be unreasonably withheld (the "Recognition Payments"). To the extent the Recognition Payments have post Closing economic and/or tax effects, Buyer, MAI and the Shareholders agree to make such adjustments as are appropriate so that the economic and tax benefits & detriments of any such Recognition Payments remain with Seller and are neutral to Buyer from all economic, GAAP and tax standpoints.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Effective Time to employees of the Business and the amount of bonuses due to such employees for all such periods will be paid by Company directly to such employees. Buyer shall receive an estimated credit at Closing and a "true-up" credit on the Settlement Date in an amount equal to all vacation, holiday and sick pay unpaid by Company as of the Effective Time accrued by the Company on its books and records pursuant to Company policy. Schedule 3.6 describes certain relevant Company accounting policies related to accruals for vacation pay.
