Payroll Account Sample Clauses

Payroll Account. Manager may establish one or more separate bank accounts for handling payroll costs in the name of Lessee. Such accounts shall be in a bank selected by Lessee, and shall be handled exclusively by the individuals designated by Manager and approved in writing by Lessee. Funds shall be deposited in the payroll account or accounts from the Operating Account, as needed, in order to meet payroll requirements.

Payroll Account. You will designate and authorize either yourself and/or one or more individual users of the Payroll Processing Service with authority to act on your behalf and to bind you and/or your business (each a “Payroll Administrator”), who may access the Payroll Processing Service by entering a confidential user ID and password created by following the instructions provided via the Service and which will entitle them, depending on their designation and permissions given, to have authority to access, review, modify and/or provide approvals on your behalf. The Payroll Administrator will approve and submit the Payroll Information thereby authorizing FINSYNC to create and transmit credit or debit entries (“Entries”) necessary to process your payroll and payroll tax transactions.

Payroll Account. This account will be used solely to process payroll disbursements to the Town’s payroll provider for the benefit of our employees. There will not be any direct deposits into this account, except for the bank transfers from the ZBA master to cover checks presented for payment by ADP. This account will also handle automatic withdrawals from ADP to fund the payroll, manual checks and taxes, health and other benefits. The account should be linked and receive funding solely from this the ZBA account. Agreed, BankUnited will comply with the Town’s request

Payroll Account. Manager shall be allowed to withdraw funds from the Depository Account and to deposit them into the Payroll Account. Manager shall have sole control of the Payroll Account and Manager shall be entitled to pay out of the Payroll Account the wages, salaries, fringe benefits and other compensation and expenses relating to Hotel’s employees. All funds deposited in the Depository and Payroll Accounts shall not be mingled with Manager’s other funds. Manager shall establish controls to ensure accurate reporting, safety and security in connection with all Depository and Payroll Accounts.

Payroll Account. Operator shall maintain a separate account through which it pays the payroll and all associated taxes and other payments due with respect to the employees of Operator who work at the Restaurant ("Payroll Account"), as set forth in Section 3.02. The Payroll Account shall not be used by Operator to pay any employees of Operator, its affiliates or principals that are not employed at the Restaurant. On every other Thursday (or other day(s) agreed to by the parties) Owner shall deposit sufficient funds into the Payroll Account for the Operator's payroll for the Restaurant that is to be paid that week. Within three (3) business days after Operator's payroll is paid, Operator shall provide Owner with wire transfer receipts, bank statements Or other evidence that the payroll, including all necessary taxes and other payments due in connection therewith, have been timely paid in full. Operator shall provide Owner with copies of bank statements for the Payroll Account upon request, as well as evidence of Operator's compliance with all tax and other laws relating to payroll (i.e. copies of tax returns).

Payroll Account. KSM shall establish a payroll account (the “Payroll Account”) in KSM’s name at a bank designated by KSM. The records and bank statements shall be subject to inspection by City pursuant to the terms recited herein. On or before the Commencement Date (and in any event, prior to KSM’s incurrence of any Gross Payroll obligations), City shall remit to KSM for deposit into the Payroll Account, City’s Advances equal to at least one month’s estimated Gross Payroll obligations (“Payroll Expense Minimum”). City shall replenish the Payroll Account in order to maintain the Payroll Expense Minimum in the Payroll Account as described below. On a bi-weekly basis, KSM shall fund payroll and the Gross Payroll obligations from the Payroll Account and concurrently provide City with a statement containing such funded Gross Payroll obligations of the Golf Courses. Within five (5) days after City’s receipt of such statement from KSM, City shall remit to the Payroll Account the amount set forth in such statement, less the amount, if any, then on deposit in the Deposit Account to the extent City authorizes the transfer of such amount to the Payroll Account. The Parties agree to adjust the Payroll Expense Minimum seasonally, or as otherwise required from time to time, in order to reflect the then-current payroll obligations of the Golf Courses. All Gross Payroll for the Golf Courses shall be handled and expended exclusively through the Payroll Account

Payroll Account. The Division’s existing payroll account with Huntington Bank, to the extent possible, together with the funds necessary to cover uncashed payroll checks which issued prior to the Closing Date.

Payroll Account. Client has established the deposit account described on the Client Information Schedule as the Payroll Account (the "Payroll Account"). During the Term (and thereafter until all amounts due FSC under this Agreement are finally paid in full), FSC shall prepare checks drawn on and cause to be made funds transfers from the Payroll Account for the purpose of making payments for the benefit of Client pursuant to Sections 4.3 and 4.6.

Payroll Account. (a) Buyer acknowledges and agrees that the Company maintains a bank account at The Chase Manhattan Bank (the "Bank"), account number __________ (the "Payroll Account"), and the Company has informed Buyer that the Bonus Payments shall be paid from such account. Buyer acknowledges and agrees that, after the Closing Date, (i) Rich▇▇▇ ▇▇▇▇▇▇, ▇▇ll▇▇▇ ▇▇▇▇▇▇▇, ▇▇so▇ ▇▇▇▇▇▇▇ ▇▇▇ Dirk ▇▇▇▇▇ shall remain the sole authorized signatories on the Payroll Account, and (ii) Buyer shall not take any actions whatsoever with respect to the Payroll Account without the prior written approval of Scha▇▇ including, without limitation, closing such account, changing or adding authorized signatories thereto, authorizing or ordering stop transfer payments or other stop orders with respect to any check or other payment made or to be made on such account and writing checks or otherwise withdrawing funds from such account. (b) Scha▇▇ ▇▇▇nowledges and agrees that (i) the Payroll Account shall be used solely for the purpose of making payroll and accrued vacation payments and the Bonus Payments contemplated by this Agreement, and (ii) that all such payments, including without limitation, the applicable tax withholding for such payments (both employer and employee portion) shall be made from the Payroll Account on behalf of the Company. The Sellers acknowledge and agree that (i) the arrangement described in this Section 5.18 has been agreed to as an accommodation to Sellers; (ii) neither the Company nor Buyer makes any representation to Sellers as to the adequacy of the Payroll Account for the fulfillment of the foregoing obligations; and (iii) neither Buyer nor the Company shall have any obligations with respect to the obligations to be satisfied from the Payroll Account or the funding of or otherwise in connection with such Payroll Account after the Closing Date. Within sixty (60) days after the Closing Date, Scha▇▇ ▇▇▇ll take or cause to be taken all such actions as are necessary to terminate the Payroll Account, and shall provide evidence thereof to Buyer."