Accrued Payroll definition

Accrued Payroll means all wages and other related obligations that have accrued since the end of the last payroll period immediately prior to the Closing Date.

Accrued Payroll means any compensation or other amounts payable to any current or former employee, officer, director, independent contractor or consultant of the Business, including hourly pay, commission, bonus, salary, accrued vacation, fringe, pension or profit-sharing benefits or severance pay for any period relating to service with Sellers at any time on or prior to the Closing Date.

Accrued Payroll line item with respect to accrued vacation liabilities shall be $2,552,733.

Examples of Accrued Payroll in a sentence

• Current Liabilities: 1) Accounts Payable - Public School Tuition (Restricted);2) Accounts Payable - All Other;3) Accrued Payroll Taxes;4) Short-Term Cash Flow Loans;5) Mortgages Secured by Real Property - Current Portion;6) Loans Secured by Fixed Assets (Not Real Property) - Current Portion;7) Salaries Payable; and8) Deferred Income.

• The Seller agrees that it will pay any and all outstanding Trade Accounts Payable, Shared Accounts Payable and Accrued Payroll and Benefits following the Closing in accordance with their terms, but in all circumstances within one hundred twenty (120) days following the Closing.

• Monies received to cover incidentalCurrent Liabilities – 200201 – Accounts Payable202 – Accrued Payroll Taxes (if any)203 – Other Restricted Funds – 300dues.

• As of June 30th of each fiscal year, the Finance Office prepares adjusting entries to recognize any revenues earned but not received (i.e. Accounts Receivables) and expenses incurred but not paid (e.g., Accounts Payable, Accrued Payroll), that converts the annual financial statements to the required accrual basis.

• Accrued Payroll and Benefits and Annual Leave that represent both a funded and unfunded liability.

• Account 242 shall be subaccounted as follows: 242.1 Accrued Rentals 242.2 Accrued Payroll 242.3 Accrued Employees’ Vacations and Holidays 242.4 Accrued Insurance 242.5 Other Current and Accrued Liabilities 242.1 Accrued Rentals This account shall include unpaid joint use pole rentals and other rentals.

• Current Liabilities:1) Accounts Payable - Public School Tuition (Restricted);2) Accounts Payable - All Other;3) Accrued Payroll Taxes;4) Short-Term Cash Flow Loans;5) Mortgages Secured by Real Property - Current Portion;6) Loans Secured by Fixed Assets (Not Real Property) - Current Portion;7) Salaries Payable; and8) Deferred Income.

• Accrued Payroll Bene fitsEarned but unpaid vacation is fully accrued and recorded in the financial statements.Post employment benefits are accrued and recorded in the financial statements.

• The claims that have been billed by DOL are included in Accrued Payroll and Benefits.

• Accrued Payroll and Annual Leave: These categories include salaries, wages, and other compensation earned by employees, but not disbursed as of September 30.

More Definitions of Accrued Payroll

Accrued Payroll means all wages and other related obligations that have accrued since the end of

Accrued Payroll and (to the extent relating to any Assumed Liability hereunder) "accrued interest" that are included on the December 31, 1998 balance sheet referred to in section 5.5(a) or incurred subsequent thereto in the ordinary course of business, consistent with past practices and not in contravention of section 7.1, in each case to the extent not discharged by the Transferor before the Closing;

Accrued Payroll means wages due to Company employees, incurred in the Ordinary Course of Business plus the employer portion of payroll taxes due thereon, and subject to the following limitations: (A) Accrued Payroll shall not exceed two (2) weeks of wages and payroll taxes, (B) Accrued Payroll shall not include any obligation to pay accrued bonus or other incentive payments above base compensation rates; and (c) Accrued Payroll shall not include the employer portion of payroll taxes that was deferred under the CARES Act. A schedule of such Accrued Payroll as of April 8, 2022 is set forth on Schedule 2.6(a), to be updated in the Closing Date Balance Sheet.