Payroll Liabilities definition

Payroll Liabilities has the meaning set forth in Section 1.3(e).
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Payroll Liabilities means all liabilities and obligations of Sellers as of the Closing Date for accrued and unpaid payroll, payroll Taxes and all other withheld amounts for all employees of Sellers.
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Payroll Liabilities means any and all amounts owed to the employees of Company by Company for work performed and any other payroll-related liabilities including, without limitation, amounts owed to third parties by Company for any amounts withheld from the gross earnings of each such employee and any and all payroll taxes related thereto
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Examples of Payroll Liabilities in a sentence

  • In such case, Buyer shall notify WSC of those current and former employees of WSC, and those Payroll Liabilities, for which WSC shall act as Buyer's agent.

  • WSC shall supply Buyer with such information regarding the Payroll Liabilities as Buyer may reasonably request.

  • As promptly as practicable after such notice is given, and in any event not less than three Business Days prior to the date on which any assumed Payroll Liability is due to be paid, WSC shall provide to Buyer a statement of the gross amount of the Payroll Liabilities and a breakdown thereof in reasonable detail.

  • Buyer and ISG shall use commercially reasonable efforts to assist Sellers in minimizing the actual amount of the Specified Liabilities and the Payroll Liabilities.

  • At Buyer's request, WSC shall act as Buyer's agent for the limited purpose of paying any or all Payroll Liabilities assumed at the Closing.

  • Buyer shall use commercially reasonable efforts to assist Sellers in minimizing the actual amount of the Payroll Liabilities.

  • Sellers shall use commercially reasonable efforts to minimize the actual amount of the Specified Liabilities and the Payroll Liabilities.

  • One (1) business day prior to the designated payroll check date(s), Ultimate Software will debit Customer’s designated bank account(s) for the Payroll Liabilities.

  • Ultimate Software is not obligated to commence providing the U.S. Payment Services until Ultimate Software has received all information and funding necessary to disburse all applicable Payroll Liabilities.

  • All Tax and Payroll Liabilities shall be retained by Sellers and paid by Sellers when due.


More Definitions of Payroll Liabilities

Payroll Liabilities means the Payroll Tax Liabilities and Garnishment Liabilities related to a designated payroll check date that Customer owes but has not yet paid.
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Payroll Liabilities is defined in the definition of Current Liabilities.
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Related to Payroll Liabilities

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Covered Liabilities as defined in Subsection 11.21.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.