ACCRUED PAYROLL LIABILITIES definition
ACCRUED PAYROLL LIABILITIES means the accrued payroll liabilities of Trader with respect to the Transferred Employees which are described on Schedule 3.7.
ACCRUED PAYROLL LIABILITIES means all obligations of the Selling Parties with respect to accrued payroll liabilities relating to any Business Employee, including all accrued payroll charges for time worked through the Closing Date, all accrued bonuses and commissions, accrued payroll taxes and insurance, and accrued vacation, paid holiday, sick leave and related payroll expenses and taxes.
ACCRUED PAYROLL LIABILITIES. Accrued Vacation Pay," and "Other Accrued Expenses" as derived from the balance sheet of the Business (as of the Most Recent Balance Sheet Date, in the case of the Preliminary Closing Date Balance Sheet, and as of the Closing Date, in the case of the Adjustment Schedule), in each case, per the books and records of the Sellers kept in accordance with GAAP, consistent with past practice and consistent with manner in which the Most Recent Financial Statements were prepared.