Common use of Payroll Project Clause in Contracts

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. 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 (by way of disc, compact disc, internet banking, EXCEL filefile or file with db extension). 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