Employee Advances definition

Employee Advances. Borrower shall not make any loans or advances to Employees except in the ordinary course of business and consistent with past practices of Borrower in an aggregate amount not exceeding at any time $5,000;

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Employee Advances means loans or advances to any officer, director, employee or agent with respect to the Business.

Employee Advances. Employee Advances-Colorado", "Employee Advances-Florida", "Intercompany Reyn▇", "Investment-Officer's Compensation", "Minimum Pension Asset", "Prepaid Sales Commissions (Birmingham, Sentinel, San Diego and Portland)", "Prepaid Taxes-Colorado", and "Post-retirement Benefits (contra-liabilities)" (collectively, the "EXCLUDED BALANCE SHEET ASSETS").

Examples of Employee Advances in a sentence

• Employee Advances $1,766.72 is for various employees that have received advances Supplies on Hand $182,556 is for supplies within North Carolina and San Diego.

• CUSI Prpd Dept 150.00 Accounts Receivable - Other 11,840.61 Accts Rec - Cord Tap Fees 2,000.00 Employee Advances 10,753.33 Inter-Co. Ln - TOGC 2,911,279.14 Inventory - Propane 115,782.00 Deposits - W/C Ins 4,981.00 Prepaid Expenses 6,642.92 Prepaid Insurance 28,141.74 Prepaid Rent 4,083.33 Prepaid Interest 395.10 Prepaid Const.

• CUSI Prpd Dept 810.00 Accounts Receivable - Other 1,867.80 Employee Advances 11,503.33 Inventory - Propane 102,314.93 Deposits - W/C Ins 4,981.00 Prepaid Expenses 3,501.77 Prepaid Insurance 7,892.33 Prepaid Rent 3,750.04 Prepaid Const.

• Checking 6,730.81 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ 484.45 Total Checking Savings 5,850.49 Accounts Receivable 131,748.90 Accounts Receivable 131,748.90 Other Current Assets Employee Advances 510.32 Total Other Current Assets 510.32 Total Current Assets 138,109.71 Fixed Assets Computer Equipment 236,039.29 Computers 11,239.38 Office Equipment 3,199.25 Total Fixed Assets 250,477.92 Other Assets Software/Comp.

More Definitions of Employee Advances

Employee Advances means Seller's advances to and receivables from the Transferred Employees, and excludes any obligations of Transferred Employees to Employee Plans.

Employee Advances and "prepaid income taxes".

Employee Advances. Loans or advances in the ordinary course of business and consistent with past practices of Borrower, provided that FINOVA shall establish reserves against Borrower's availability under this Agreement to the extent that the aggregate of any such loans or advances to employees outstanding at any one time exceeds $50,000, and provided further that Borrower shall provide FINOVA with prior written notice of any such loan or advance that would cause the aggregate of such loans or advances to exceed $50,000.

Employee Advances. Employee advances/loans not to exceed $5,000.00. ADVANCES: Advances under the Revolving Line of Credit will be limited to 80% of eligible accounts receivable less than 90 days olds, plus 50% inventory subject to a 50% cap for inventory. Monthly Borrowing Base and monthly statements will be required once a minimum of $500,000 is outstanding on the Revolver. See attached Exhibit A.