Payroll Accounts definition

Payroll Accounts means depository accounts used only for payroll.

Payroll Accounts means accounts #670-0000000, #670-1771913 and #670-1771816 maintained by the Company at The Bank of New York, which accounts are used solely to fund the Company’s payroll and payroll-related expenses and Cafeteria Benefit Plan.

Payroll Accounts as defined in Section 3.5.1(b). Person - an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

Examples of Payroll Accounts in a sentence

• Notwithstanding anything herein or in the Security Agreement to the contrary, the Borrower and its Domestic Subsidiaries shall use commercially reasonable efforts to maintain all Deposit Accounts (other than any Excluded Payroll Accounts, any Excluded Local Operating Accounts, or any Excluded Controlled Accounts) held with a Lender other than the Administrative Agent, subject to a Control Agreement.

• Authorize Payroll, Accounts Payable Registers, Assessing Forms and or PAF’s.

• Notwithstanding any other provision of the Plan, the Company shall deduct from all Payroll Accounts paid under the Plan all federal, state, local and other taxes required by law to be withheld with respect to such payments.

• Examples of these services include Human Resources, Payroll, Accounts Payable and Purchasing.

• Each pay period, these Debtors fund their respective Payroll Accounts from their respective Operating Accounts.

More Definitions of Payroll Accounts

Payroll Accounts deposit accounts maintained in the ordinary course of business by the Borrower or any of its Subsidiaries for the purpose of paying payroll and related benefit costs and remitting withholding and other payroll taxes and costs.

Payroll Accounts means any deposit account of Borrower designated as a payroll account used exclusively for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and set forth on the Schedule hereto.

Payroll Accounts means deposit accounts of Borrower and the Guarantors maintained with banks located in the State of New Mexico for the sole purpose of facilitating the payment of employees of Borrower and the Guarantors.

Payroll Accounts has the meaning set forth in Section 6.6.

Payroll Accounts means, collectively, the Imprest/Payroll Accounts that are identified as payroll accounts in Exhibit F.

Payroll Accounts has the meaning set forth in Recital A.

Payroll Accounts has the meaning set forth in SECTION 2.15(b).