Payroll Closing Date definition

Payroll Closing Date means the last business day of that pay period on which changes that affect the amount of the Employee’s paycheck for that pay period, or the credits and debits appearing on the Employee’s pay advice for that pay period, can be accepted for processing.
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Examples of Payroll Closing Date in a sentence

  • For purposes of contribution directions, Timely Receipt shall mean receipt on or before the Payroll Closing Date for the payroll period or such other date as may be required by the Plan Administrator.

  • Any election or change thereto shall become effective as of the first day of a payroll period provided the Plan Administrator receives the election or change on or before the Payroll Closing Date for such payroll period or on or before such other date as may be required by the Plan Administrator.

  • With respect to payroll periods having a Payroll Closing Date on or after January 1, 2002, the Applicable Percentages shall be any percentage, in increments of 1/2%, from 1% up to a maximum of 25%.

  • With respect to payroll periods having a Payroll Closing Date prior to July 16, 1996, the Applicable Percentages shall be 21/2%, 5%, or 10%.

  • Subject to the terms of the Plan: with respect to payroll periods having a Payroll Closing Date on or after January 1, 2002, the Applicable Percentages shall be any percentage from a minimum of 1% up to a maximum of 25%, in increments of 1/2%.