Payroll Matters. During the Sale Term, Merchant shall process the payroll for all Retained Employees and any former employees and temporary labor engaged for the Sale. Each Wednesday (or such other date as may be reasonably requested by Merchant to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Agent shall transfer to Merchant’s payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ compensation and benefits for such week, to the extent such amount constitutes Expenses hereunder.
Appears in 3 contracts
Samples: Agency Agreement (Bon Ton Stores Inc), Agency Agreement (Gordmans Stores, Inc.), Second Agency Agreement
Payroll Matters. During the Sale Term, Merchant shall process the base payroll for all Retained Employees and any former employees and temporary labor engaged for the SaleEmployees. Each Wednesday (or such other date as may be reasonably requested by Merchant to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Merchant shall transfer, or, to the extent that the Payment Date has passed, Agent shall transfer transfer, to Merchant’s payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ compensation and benefits for such week, to the extent such amount constitutes week which constitute Expenses hereunder.
Appears in 2 contracts
Samples: Agency Agreement (Linens Holding Co.), Agency Agreement
Payroll Matters. During the Sale Term, Merchant shall process the payroll for all Retained Employees and any former employees and temporary labor engaged for the Sale. Each Wednesday (or such other date as may be reasonably requested by Merchant to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Agent shall transfer to Merchant’s Merchant s payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ workers compensation and benefits for such week, to the extent such amount constitutes Expenses hereunder.
Appears in 1 contract
Samples: Agency Agreement
Payroll Matters. During the Sale Term, Merchant shall process the base payroll for all Retained Employees and any former employees and temporary labor engaged for the SaleEmployees. Each On Wednesday (or such other date as may be reasonably requested by Merchant to permit the funding of the payroll accounts before such each week a payroll is due and payable) to be paid during the Sale Term, Agent Merchant or Agent, as the case may be, shall transfer from the Agency Accounts to Merchant’s payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ worker’s compensation and benefits for such week, to the extent such amount constitutes week that constitute Expenses hereunder.
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