Gross Payroll Amount definition
Gross Payroll Amount means the gross amount of pay an employee would receive at each regular pay period before the deduction of withholding, FICA, medical and dental premiums, medical reimbursement accounts, amount contributed to a trust pursuant to a qualified cash or deferred compensation arrangement under Section 401(k) of the Code, and all other amounts to be withheld, including deductions under this Plan, but after the deduction of amounts withheld pursuant to deferred compensation arrangements.
Gross Payroll Amount means the gross amount of pay an employee would receive at each regular pay period before the deduction of withholding, FICA, medical and dental
Examples of Gross Payroll Amount in a sentence
Such limitation shall be expressed both as a maximum percentage of an eligible employee's Gross Payroll Amount that may be deducted and applied to the purchase of Shares hereunder (which percentage shall be uniform as to all eligible employees), and a maximum number of Shares that may be purchased by an eligible employee hereunder.