Common use of Payroll Services Clause in Contracts

Payroll Services. including the issuance of payroll checks or, for all employees electing such service, the arranging of direct deposits; the preparation and maintenance of all records reasonably or statutorily required to support such payments; the effecting of appropriate amounts of withholding for taxes and authorized expenditures for each participating individual; the preparation of and filing of all returns required by any regulatory authority; and compliance with all proper wage executions, and associated collections work. These services will be provided by PNX.

Appears in 9 contracts

Samples: Administrative Services Agreement (First Investors Life Variable Annuity Fund C), Administrative Services Agreement (First Investors Life Level Premium Variable Lif Ins Sep Ac B), Administrative Services Agreement (First Investors Life Variable Annuity Fund D)

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