Pay Fund definition

Pay Fund means a total of One Million Dollars
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Pay Fund means a total of One Million Dollars ($1,000,000), which sum shall include Employer Payroll Taxes, allocated for the settlement of pay claims.
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Examples of Pay Fund in a sentence

  • The remaining payments will be placed in the Future Pay Fund to be used against the 5/1/03 payment.

  • The total of 18,654,300 shares is comprised of 2,657,300 shares which are owned of record by Tamir Fishman Severance Pay Fund - General; 6,893,500 shares are owned of record by Tamir Fishman Education Fund - General; 8,262,000 shares that are owned of record by Tamir Fishman Provident Fund - General; 289,000 shares are owned of record by Tamir Fishman Education Fund - Shares; and 552,500 shares are owned of record by Tamir Fishman Provident Fund - Shares.

  • To a Pension Fund are not less than 14 1/3 % of the Exempted Salary or 12% of the Exempted Salary if the employer pays for its employee, in addition to this, supplementary severance payments, towards a Severance Pay Fund or an Insurance Fund in the name of the employee, at a rate of 2 1/3% of the Exempted Salary.

  • The total of 10,805,900 Shares is owned of record by: Tamir Fishman Severance Pay Fund – General, Tamir Fishman Education Fund – General, Tamir Fishman Provident Fund – General, Tamir Fishman Education Fund - Shares and Tamir Fishman Provident Fund - Shares.

Related to Pay Fund

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Fresh Funds means funds that:

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Member Account means the regular account and the variable account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Holding Account means an account:

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.