Employee Accruals definition

Employee Accruals means, with respect to any Facility, all Employee Benefits which have been or would have been earned, accrued and/or payable in accordance with existing employee benefit plans, or shall be or would be earned, accrued and/or payable in accordance with existing employee benefit plans, but which remain unpaid with respect to or for any period ending prior to the Effective Time.
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Employee Accruals has the meaning set forth in Section 1.03(b).
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Employee Accruals means the amount the Companies would be required to pay under the Companies' employee benefit plans and applicable law, with respect to accrued and unused vacation days sick leave days and the like, if on the Closing Date the Companies were to terminate the employment of all of their employees without cause.
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Examples of Employee Accruals in a sentence

  • The amount of accrued vacation and sick pay liabilities for employees associated with the Services (the "Service Employees") as of Closing, as set forth in Schedule 2.3.1 (the "Employee Accruals"); c.

  • Yohn SE, Santerre JL, Nunes EJ, Kozak R, Podurgiel SJ, Correa M, et al.

  • Buyer will assume the liability of Seller for employee bonuses, vacation and sick pay due from Seller to the Transferred Employees (as that term is defined in Section 13)), but only in the amount and to those persons for which Buyer receives a credit as provided in Section 5(b) herein (the "Assumed Employee Accruals").

  • An amount equal to the total amount of the Employee Accruals shall be deemed paid by Karrington's assumption thereof at Closing; and b.

  • Statutory Employee Accruals - International Financial Accounting Standards require that the cost of providing employee benefits, including paid leave, should be recognised in the period in which the benefit is earned by the employee rather than when it is paid or payable.

  • Allow time entry clerks access to other programs within Munis such as Employee Accruals and the Employee Accruals Report.Benefits: Increases efficiency and eliminates double/triple entry of duplicate information.

  • Employee Accruals – will be updated by Personnel Records When new employees are set up, accrual records are created but the balances are left blank.

  • Landlord and Tenant hereby agree that the Estimated Accrued Benefits Amount set forth above is an estimate only and, therefore, on or before the date that is ten (10) days after the Transition Date, Tenant and New Operator shall reconcile the exact amount of awarded (prior to the Transition Date) Employee Accruals for those employees of Tenant who are retained by New Operator on the Transition Date (the “Final Accrued Benefits Amount”).

  • An amount equal to the Employee Accruals shall be deemed paid by Karrington's assumption thereof at Closing; and b.

  • Discussion on Employee Accruals Hours-Peggy Short- There are 2 employees who.


More Definitions of Employee Accruals

Employee Accruals means any and all amounts that may, on or after Closing, be due or payable to a DMI Group Employee pursuant to a non-disclosure agreement entered into between the Corporation and such employee in relation to the transaction contemplated hereunder.
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Employee Accruals means all accrued unpaid benefits including, but not limited to, vacation, sick, and personal accruals, for the Employees of the Hotel.
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Related to Employee Accruals

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Compensation Accrued at Termination means the following:

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Contributions means all amounts paid into ASRS by an

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after the effective date of the NYSE listing standard, (ii) after the person became an Executive Officer and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.