Salaries, etc Sample Clauses

Salaries, etc. Sellers shall not be responsible for the payment of the salaries, vacation pay, wages or benefits of any employees of the Hotels accruing after the Transfer Time.
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Salaries, etc. Seller shall be responsible for accrued benefits, vacation pay, wages and salaries of all of its employees up to and including the Closing Date and Buyer shall have no liability or obligation with respect to such amounts or any other compensation accrued or payable by Seller to its employees for all periods prior to the Closing Date. Seller shall not be responsible for the payment of the salaries, vacation pay, wages, incentive compensation, or benefits of any employee of the Hotel/Casino accruing after the Transfer Time. Buyer shall be responsible for the payment of the salaries, vacation pay, wages, incentive compensation, or benefits of any employees of the Hotel/Casino who are employed by the Buyer accruing after the Transfer Time. The provisions of this Article VI shall survive Closing.
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Salaries, etc. Sellers shall not be responsible for the payment of the salaries, vacation pay, wages or benefits of any Employees accruing on or after the Transfer Time, and Buyer shall not be responsible for payment of salaries, vacation pay, wages or benefits of any Employees accruing prior to the Transfer Time.
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Salaries, etc. Sellers shall not be responsible for the payment of the salaries, vacation pay, wages or benefits of any employees of the Hotels accruing after the Transfer Time. Sellers shall be responsible for all salaries, vacation pay, wages or benefits of any employees of the Hotels accruing prior to the Transfer Time.
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Salaries, etc. Sellers shall be responsible for the payment of the salaries, wages, accrued vacation pay, sick leave, bonuses, pension benefits, and other benefits earned by and due to or accrued to employees at any of the Hotels prior to the Closing Date, together with F.I.C.A., unemployment and other taxes and benefits due from any employer of such employees accruing prior to the Closing Date. Sellers shall indemnify and hold Purchaser harmless from and against any and all liability, loss, cost, damage or expense related to any of the foregoing items. Such indemnity shall survive Closing. Sellers shall not be responsible for the payment of any such items accruing after the Transfer Time.
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Salaries, etc. No Borrower will pay excessive or unreasonable salaries, bonuses, commissions, consultant or management fees or other compensation. In furtherance and not in limitation of the foregoing: (xxiii)the Borrowers shall not make any payments (other than dividends permitted pursuant to Section 7.5) to Colonial, except that the Borrowers may pay management fees to Colonial in an aggregate amount not to exceed $20,800 per month, so long as no Default or Event of Default shall have occurred or be continuing; (xxiv) the Borrowers shall not pay any salary, bonus or other compensation to any of Xxxxxxx Xxxxxx, Xxxxxxx Xxxxx or Xxxx Xxxxxxxxxxx, except in accordance with the terms and conditions of their respective employment agreements with the applicable Borrower, each dated June 25, 1999, as such employment agreements are in effect on the Closing Date, and as they may be modified after the Closing Date, so long as such modifications contain fair and reasonable terms and conditions; and (xxv) except as otherwise permitted pursuant to the foregoing clause (b), the Borrowers shall not increase the salary, bonus, commissions, consultant fees or other compensation of any Affiliate, director, officer, shareholder or consultant, or any member of their families, by more than fifteen (15%) percent in any one year, either individually or for all such persons in the aggregate, or pay any such increase from any source other than profits earned in the year of payment. Affiliate Transactions. No Borrower will enter into, or be a party to, any transaction with any Affiliate except (xxvi) in the ordinary course of and pursuant to the reasonable requirements of such Borrower's business and upon fair and reasonable terms which are no less favorable to such Borrower than would be obtained in a comparable arm's-length transaction with a Person not an Affiliate of such Borrower and (xxvii) each Borrower may be a party to the Tax Agreement, and so long as no Event of Default shall have occurred and be continuing, or would occur after giving effect to any such payment, the Borrowers may make payments and prepayments to Colonial pursuant to the Tax Agreement, in accordance with the terms of the Tax Agreement in effect on the Closing Date, provided that (xxviii) at least one week prior to each such payment, the Borrowers shall have provided the Lender with their calculations of the amount to be paid and the Lender shall have given its approval in writing to such payment (such approval not to...
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Related to Salaries, etc

  • SALARIES AND WAGES Contractor and any subcontractors must pay all salaries and wages due all employees performing Services under this Contract unconditionally and at least once a month without deduction or rebate on any account, except only for those payroll deductions that are mandatory by law or are permitted under applicable law and regulations. If in the performance of this Contract Contractor underpays any such salaries or wages, the Comptroller for the City may withhold, out of payments due to Contractor, an amount sufficient to pay to employees underpaid the difference between the salaries or wages required to be paid under this Agreement and the salaries or wages actually paid these employees for the total number of hours worked. The amounts withheld may be disbursed by the Comptroller for and on account of Contractor to the respective employees to whom they are due. The parties acknowledge that this paragraph is solely for the benefit of the City and that it does not grant any third party beneficiary rights.

  • SALARIES AND COMPENSATION 47 Section 17.1. Base Pay and Merit Increases……………………………………….. 47 Section 17.2. Employee's Contribution to OPERS……………………………….… 49 Section 17.3. Salary Deductions……………………………………………………... 50 Section 17.4. Working Out of Classification.......................................................... 50 Section 17.5. Shift Differential............................................................................... 51 Section 17.6. Service Credit................................................................................. 51 Section 17.7. Adoption Assistance Program......................................................... 52 Section 17.8. Pre-Tax Dependent Care Program................................................. 53 Section 17.9. Wage Rate Adjustment.................................................................. 53 Section 17.10. Individual Classification Pay Grade Assignment Change…………… 53 ARTICLE 18 – INSURANCE…………………………………………………………. 53 Section 18.1. Health and Hospitalization, Prescription Drug, Disability, Dental and Vision Coverage…………………………………………………………………… 53 Section 18.2. Cost……………………………………………………………………... 58 Section 18.3. Life Insurance………………………………………………………….. 59 Section 18.4. Continuation of Benefits while on Unpaid Leave…………………… 60 Section 18.5. Terms of Insurance Policies to Govern……………………………... 60 Section 18.6. IRC Section 125 Plan…………………………………………………. 60 Section 18.7. Disability Leave………………………………………………………… 60 Section 18.8. Benefits Booklet……………………………………………………….. 62 Section 18.9. Training…………………………………………………………………. 62

  • Salaries wages and other similar remuneration, other than a pension, paid by a Contracting State or a political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.

  • SALARIES AND ALLOWANCES 20.01 The Employer shall pay salaries and wages by direct deposit bi-weekly in accordance with Schedule "A" attached hereto and forming part of this Agreement.

  • Salaries and Benefits (i) Seller shall be responsible for (A) the payment of all wages and other remuneration due to Active Employees with respect to their services as employees of Seller through the close of business on the Closing Date, including pro rata bonus payments and all vacation pay earned prior to the Closing Date; and (B) the payment of any termination or severance payments and the provision of health plan continuation coverage in accordance with the requirements of COBRA and Sections 601 through 608 of ERISA.

  • Salaries and Fees of Officers The Manager shall pay all salaries, expenses, and fees of the officers and directors of the Corporation who are affiliated with the Manager.

  • Payment of Salaries Short-term relievers

  • Benefits of Agreement Nothing in this Agreement or in the Certificates, expressed or implied, shall give to any Person, other than the Certificateholders and the parties hereto and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Agreement.

  • PERSONNEL FOLDERS A. An employee shall be entitled to review the contents of his/her official departmental personnel folder at reasonable intervals, upon request, during hours when the office in which records are housed is open for business. Such review shall not interfere with the normal business of the department, office, or bureau.

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

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