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

• You will provide an authorization for us or our designee to: (i) initiate debit or credit entries to your Payroll Account for the applicable charges related to the Payroll Services; (ii) send or transmit to the bank, a credit entry to the account of an employee to effect a payment from you to the employee; and/or (iii) send or transmit a debit entry to the employee’s account in order to effect a payment from the employee to you or cover any shortfall.

• Under this method, you authorize your bank to accept a debit request by us from your Payroll Account sufficiently funded to meet your obligations related to the Payroll Services.

• Grantee may pay wages and fringe benefits for staff funded through this grant from its General or Payroll Account, then reimburse its General or Payroll Account for such advance using grant funds.

• Supporting documentation, along with a rationale for the expense, must be kept for each check written from the grant account to the General or Payroll Account.

• Any such reimbursement must closely parallel the payment to be made from the General Account or Payroll Account.

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 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 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, collectively, those deposit accounts designated on Schedule A, Exhibit D attached hereto as a “payroll acct”.

Payroll Account means a zero balance account maintained by Borrower used exclusively to process payroll and related taxes.

Payroll Account defined in Section 3.4 (d)(iv).