Bonus Payables definition
Bonus Payables means any unpaid bonuses payable by the Seller to the Transferred Employees and accrued as of the Effective Time (whether payable prior to, on or following the Effective Time).
Examples of Bonus Payables in a sentence
The Bonus Payables set forth on the Effective Time Bonus Payable Statement shall be the same as that set forth on the unaudited statement of current assets and current liabilities included in the Business Financial Statements, as updated by the Seller prior to the Closing to reflect any Bonus Payables accrued by the Seller prior to the Effective Time in the Ordinary Course from and after the date of the Original Agreement in accordance with Section 6.1.