Accrued Wages definition

Accrued Wages means, with respect to each Hired Employee, the amount of accrued and unpaid wages, and the amount of accrued and unpaid payroll and other withholding taxes in respect thereof, payable by any of the Sellers since the last payroll date occurring immediately prior to the Closing Date.
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Accrued Wages shall have the meaning set forth in Section 2.4.
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Examples of Accrued Wages in a sentence

  • In the event LBC terminates this Agreement and the Executive’s employment with LBC at any time for Just Cause, the Executive shall only be entitled to his Accrued Wages.

  • The Executive agrees that he shall provide LBC with sixty (60) days written notice of termination and acknowledges that the Executive shall only be entitled to his Accrued Wages.

  • Subject to the terms and conditions of this Agreement, the Company agrees to pay the Employee the Accrued Wages in accordance with the payment schedule set forth on Exhibit A hereto.

  • In the event PFGL terminates this Agreement and the Executive’s employment with PFGL at any time for Just Cause, the Executive shall only be entitled to his Accrued Wages.

  • The Company agrees to pay Employee all Accrued Wages, less applicable federal and state withholding and all other ordinary payroll deductions, including 401K contributions, within five (5) business days of the Termination Date.

  • Of the Purchase Price, the sum of (i) $15,830,000 plus (ii) an amount equal to the Accrued Wages plus (iii) an amount equal to the Outstanding Checks (collectively, the "Closing Payment") shall be paid to the Sellers at Closing by wire transfer of immediately available federal funds in accordance with the written directions of the Sellers as provided to the Buyer.

  • For administrative ease, Gentherm has agreed to pay Employee’s full recurring paycheck on the next regularly scheduled payroll date, May 31, 2018 (which payment will therefore include the Accrued Wages plus an additional 7 days of pay).

  • In the event KMSC terminates this Agreement and the Executive’s employment at any time for Just Cause, the Executive shall only be entitled to his Accrued Wages or such lesser amount as meets the the minimum extent required by the ESA.

  • Transition Work, Payment of Accrued Wages, Vested Benefits, COBRA, and Amounts Otherwise Required by Law.

  • Subject to the fulfillment or written waiver of the conditions set forth in this Agreement, as consideration for the sale, transfer, and conveyance of the Purchased Assets, the Buyer shall pay the Sellers the sum of: (i) $16,830,000, plus (ii) an amount equal to the Accrued Wages, plus (ii) an amount equal to the Outstanding Checks, (collectively, the "Purchase Price").