Employee Payables definition

Employee Payables means any and all amounts due and owing for Employee payroll and payroll related accruals, including, without limitation, Employee compensation, wages, and salaries, bonuses, 401k and related retirement contributions, Benefit Arrangements, vacation, sick, and other paid time off, unpaid continuing education, overtime, or such other related amounts. The foregoing includes any accrued but unpaid amounts of the foregoing compensation and benefits.
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Employee Payables means any and all amounts due and owing for and to Seller’s Employees, including, without limitation, any and all amounts for payroll and payroll related accruals, Employee compensation, wages, and salaries, bonuses, 401k and related retirement contributions, Benefit Arrangements, vacation, sick, and other paid time off, unpaid continuing education, overtime, or such other related amounts. The foregoing includes any accrued but unpaid amounts of the foregoing compensation and benefits.
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Employee Payables means all amounts payable to Employees or for the benefit of Employees, including all accrued wages, salary, severance, accrued vacation, termination and pay in lieu of notice obligations for Employees as of the Closing Date arising from events occurring prior to the Closing Date, except for (i) those extraordinary bonuses based on the sale of the Business described at sub-part C)(i) of Schedule 4.1(w)(v), and (ii) any liabilities or amounts payable relating to or arising under any Benefit Plans (including any pension or post-retirement plan or arrangement of Vendor, its Affiliates (including the U.S. Affiliate) or their predecessors (including Nortel).
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Examples of Employee Payables in a sentence

  • To the extent that Seller and Stockholder are released by an employee from liability and obligation for any Employee Claims or Employee Payables pursuant to the General Release attached as Exhibit A to the Escrow Agreement and such employee further agrees with Buyer to an alternative form or method of payment therefor, all Escrow Funds allocated for such Employee Claims and Employee Payables shall be released and paid forthwith to Buyer.

  • Nucryst and S&N acknowledge that the Purchase Price for the Purchased Assets was determined based on the assumption that as at the Closing Date the book value of the Inventories plus Accounts Receivable plus Prepaid Expenses would equal the book value of Accounts Payable plus Employee Payables plus Deferred Revenue.

  • The Office’s financial instruments include Due from the General Revenue Fund, Accounts Payable, and Accrued Employee Payables.

  • All Employee Payables have, to the extent due, been paid or discharged in full together with all related payments to third party benefit providers or relevant authorities.

  • Seller shall pay all Employee Payables and any liabilities related thereto accrued as of the date immediately prior to the Closing to its current employees no later than the next regular payroll date following the Closing.

  • Create with Template GL A/C: 100702Text: Affiliated Payables Save it.Create with Template GL A/C: 100703Text: Employee Payables Save it.

  • The Escrowed Funds shall be Buyer's sole liability or obligation for Employee Claims and for accrued and owed Employee Payables.

  • MergerCo shall apply the receipts from such collections, the Closing Date Cash and, to the extent necessary, the Receivables Deposit to only the Employee Payables, the January Shareholder Payables and the March Payables and, to the extent not offset by Other Assets, to Other Liabilities.

  • Any amounts of the Escrow Fund remaining in escrow after the expiration of 90 days from the Closing Date or, if after such time there are any outstanding claims or disputed amounts for such Employee Claims or Employee Payables, after the settlement, dismissal or final judgment of each such dispute, shall be returned to Buyer, along with all accrued interest thereon.

  • Except as otherwise provided in Section 1.04 (a)(vii), Buyer has no further obligation or liability for any amounts of Employee Payables, as described in Section 1.04(a)(vii) or Employee Claims or any other employee or consultant payables that are not reflected on the Closing Balance Sheet.


More Definitions of Employee Payables

Employee Payables means all payables to Company employees, including accrued salaries, wages, commissions, bonuses, paid time off and benefits.
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Employee Payables means all amounts payable to Employees or for the benefit of Employees in connection with their employment, including all benefits and accrued vacation, as of the Closing Time on the Closing Date, arising from events occurring prior to the Closing Date, but excluding all amounts on account of obligations and liabilities that are obligations and liabilities of the Vendor pursuant to Section 2.7.
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Employee Payables has the meaning attributed to such term in Section 3.1.2;
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Related to Employee Payables

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Employee Taxes means all taxes, assessments, charges and other amounts whatsoever payable in respect of, and measured by the wages of, the Vendor’s employees (or subcontractors), as required by the Federal Social Security Act and all amendments thereto and/or any other applicable federal, state or local law.