Payroll Project. 12.13.1. In case the Client works in an enterprise/organization involved in the Bank's payroll project (hereinafter referred to as the "Payroll Project"), this Agreement and all its annexes shall apply to them, subject to the different terms/tariffs agreed upon under the relevant payroll project (if any). However, if any of the conditions stipulated in this contract contradicts the terms of the salary project, preference will be given to the condition set by the relevant salary project. In the event of termination of the relevant cooperation between the Bank and the organization involved in the payroll project, and/or the organization and the Client/Cardholder, this Agreement shall not terminate and the Agreement between the Bank and the Client/Cardholder shall continue to operate under standard terms/tariffs.
12.13.2. The director of the relevant enterprise/organization involved in the payroll project (authorized to act as a representative) has the right to take all appropriate actions on behalf of the client/cardholder and sign all necessary documents to prepare/renew and receive the card on behalf of the client/cardholder.
Payroll Project. 17.1.1 The payroll project service implies the transfer of funds upon the client’s request from its current account to the accounts of the client’s employees (hereinafter the “employees”) through the special system – payroll program module (hereinafter the “module”).
17.1.2 The client may, at its discretion pay its employees’ commissions for card issuance and withdrawal of funds from the accounts.
17.1.3 The payment operations performed by the bank from the client’s account through its payroll program module are carried out by way of special program agreed in advance between the parties (compact disc, internet banking, EXCEL file).
17.1.4 Upon the client’s wish the bank shall convert funds transferred on the employees’ accounts (transfer from GEL account to foreign currency account) with the established exchange rate.
17.1.5 In order to establish relations with the bank regarding the payroll offer and the module, the client shall act independently or via the person appointed by him/her, for whom the representative powers shall be concluded by the Bank in the form offered to the client
17.1.6 For the purposes of obtaining the module services the client shall petition to the bank with the application as per paragraph 1.2 of this agreement.
17.1.7 When taking advantage of the payroll offer, if the funds (salary) are not transferred from the client’s account to the employee’s account during 6 (six) months (if there is not turnover), the employee shall lose all advantages which applied within the framework of the payroll offer. Additionally, in case if during the validity of payroll offer, the funds (salary) are not transferred from the client’s account to the employees’ accounts during 6 (six) months, together with termination of the discounted fees/privileges for the employees the client shall stop taking advantage of the service which it received under the payroll offer and all other discounts which the client benefited from within the framework of the aforementioned service shall be terminated
Payroll Project. 11.1. For receiving the service envisaged by the payroll project, the client addresses the bank with the application consistent with clause 2.3 of the present agreement;
11.2. On the basis of the payroll project, the bank performs transfer operations from the current account of the client, under the client’s order and on the basis of the information provided by the client, to the accounts of the employees of the client.
11.3. The client acknowledges that the overdraft can be activated to the salary accounts of the employees enrolled in the payroll project on the basis of the application submitted by the client to the bank and by processing respective overdraft agreement between the bank and the employee.
11.4. The client is committed, to permanently transfer salaries (also premiums, business trip amounts and other purpose amounts to be issued to the employee) by means of the present payroll project and for this purpose, in a form agreed between the parties, each month submit to the bank the list of employees to whom the salaries or other payables are to be transferred, with indication of their names, family names, identification numbers, amounts to be transferred and the account numbers.
11.5. The client is obliged, to notify the bank at least for 90 (ninety) calendar days earlier on full or partial termination of the use of the payroll project service/moving to the other bank establishment;
11.6. The client is obliged, to promptly notify the bank on termination of the labor relations with the employee, on his/her resignation or dismissal by the client and make final settlement with the employee by means of the bank account opened for the employee in the framework of the present project;
11.7. In case of breaching the liabilities envisaged by clause 11.4 and 11.5 of the present agreement, the client shall reimburse the bank generated arrear (among them overdraft and accrued interest amount) and/or damage incurred as a result of breach of the indicated liability and the bank is authorized for this purpose to effect non accepted deduction from the client’s account;
11.8. The client shall be obliged to nominate its representative in relation with the bank, who shall be responsible to provide all necessary documents/certificates to the bank in the framework of the payroll project;
11.9. The bank is obliged, no later than in 3 (three) working days after submitting information by the client, as envisaged by clause 11.3 of the agreement, to transfer amounts to th...
Payroll Project. 1Description of the service
Payroll Project. For receiving particular services/products outlined in the present agreement the client addresses the bank with respective written application (or uses other form determined by the present agreement) by which it confirms that is familiar with all details of the present agreement, agrees and accepts them. In the event the client does not use any of the bank products/services, relevant clause(s) of the indicated product/service shall not be applicable to the client. Relevant terms shall be exercised upon granting the right to use particular bank products/services;
Payroll Project
