Payroll Account definition

Payroll Account means an account maintained by the Company with respect to each Participating Employee as contemplated by Section 5.
Payroll Account has the meaning set forth in Section 5.14(b).
Payroll Account means any Deposit Account of a Pledgor that is used by such Pledgor solely as a payroll account for the employees of such Pledgor.

Examples of Payroll Account in a sentence

  • Payroll Account The net salaries of all employees of the Board were deposited in the Payroll Account.

  • Payroll Account The net salaries of all employees of the Board were deposited in the payroll account.

  • Payroll Accounts The net salaries of all employees of the School were deposited in the Payroll Account.

  • When a gain or loss on a non- monetary item is recognised in the profit or loss, any exchange component of that gain or loss is recognised in profit or loss.

  • One special demand deposit account, designated "Otay Water District, Payroll Account," shall be maintained for the sole purpose of paying wages, salaries and taxes for District employees.


More Definitions of Payroll Account

Payroll Account means an account maintained by the Company with respect to each Participant as contemplated by Section 7 hereof.
Payroll Account a zero balance deposit account exclusively used for tax withholding, payroll, payroll taxes, employee benefits (including workers’ compensation, unemployed insurance or other forms of governmental insurance or benefits).
Payroll Account means a bank account maintained by the Borrower or any Subsidiary solely for the purpose of paying salary, bonuses and similar items to employees.
Payroll Account means any Deposit Account of a Grantor that is used by such Grantor solely as a payroll account for the employees of such Grantor.
Payroll Account. Is defined in Section 7-3(a)(iv).
Payroll Account defined in Section 3.4 (d)(iv).