Cash Alternative. Nurses may make an irrevocable election during open enrollment of the preceding year (December) to receive a cash payment from their PTO bank during a specified time period during the year. A minimum often (10) hours may berequested and a minimum of forty (40) hours must remain in the PTO bank following the cash-out. Cash-out of PTO hours will be paid at the nurse's normal rate of pay (as defined in Section 13.5) at that time. In the event that the minimum requirements are not attainable at the time the cash-out is to be made, the amount of the cashout will be adjusted to maintain the minimum requirements.
Cash Alternative. PTO may be taken by a nurse in the form of cash payment in lieu of time off each calendar year, provided that the nurse makes an irrevocable election (1) in the last calendar quarter of the preceding year during Employer’s standard benefit enrollment process or (2) during the calendar year itself with Human Resource’s approval conditioned on financial hardship, past use of PTO and current PTO balance. Such cashout will be paid out at any time after the PTO to be cashed out has accrued during the calendar year, but in no event later than December 31 of that year. PTO taken in cash payment form will be paid at the employee’s straight time rate of pay. Inclusion of shift differential in said rate of pay shall be determined in accordance with the hours normally worked by the nurse on the nurse’s regularly assigned shift.
Cash Alternative. PTO may be taken by a nurse in the form of cash payment in lieu of time off each calendar year, provided that the nurse makes an irrevocable election (1) in the last calendar quarter of the preceding year, or (2) during the calendar year itself with the department manager’s approval conditioned on financial hardship, past use of PTO and current PTO balance. Such cashout will be paid out at any time after the PTO to be cashed out has accrued during the calendar year, but in no event later than December 31 of that year. PTO taken in cash payment form will be paid at the employee’s straight time rate of pay. Inclusion of shift differential in said rate of pay shall be determined in accordance with the hours normally worked by the nurse on the nurse’s regularly assigned shift.
Cash Alternative. The Buyer may, in lieu of deliveries of any Subordinated Note to a Xxxxxx Stockholder pursuant to this Article 1 or in reduction of the principal amount thereof, deliver, on a pro rata basis among the Xxxxxx Stockholders, a certified or official bank check to the Xxxxxx Stockholders in the aggregate principal amount thereof or in any smaller amount, in which case the aggregate principal amount of such Subordinated Note shall be reduced by the amount of the check so delivered.
Cash Alternative. 6.1 Upon the receipt of the Call Option Exercise Notice, the Company, at its sole discretion, may elect not to deliver to the Manager the Call Option Shares subject to the Call Option Exercise Notice, but instead to satisfy its obligation arising out of this Agreement with cash (the “Cash Alternative”).
6.2 The Cash Alternative shall be calculated as the difference between the Exercise Price and the closing price of the Shares on the trading day at the Warsaw Stock Exchange on which the Company received the Call Option Exercise Notice multiplied by the Call Option Shares subject to the Call Option Exercise Notice.
6.3 In case the Company elects to settle its obligation to deliver the Call Option Shares to the Manager in the form of the Cash Alternative voluntarily or because of the fact that the Company does not have enough Shares to transfer to the Manager, the Company will be responsible for all Taxes related thereto, and fully indemnifies the Manager for any and all tax liabilities arising in connection with paying the Cash Alternative; however, only with respect to the amount which constitutes the difference between the tax liabilities due in relation to: (i) the settlement of the Call Option by way of delivering to the Manager the Call Option Shares; and (ii) the settlement of the Call Option by way of the Cash Alternative.
Cash Alternative. Notwithstanding anything to the contrary ---------------- contained herein, UIHI may elect not to consummate the transactions contemplated by Article II, in which case UIHI, JVI and UPC shall, and UIHI shall cause JVI and UPC to, consummate the transactions contemplated in this Article IIA. Notwithstanding an election by UIHI, in accordance with Section 12.5 hereof, to proceed pursuant to this Article IIA, failure to consummate all of the transactions contemplated by this Article IIA on or prior to December 1, 1997, shall be deemed to constitute an Alternate Consideration Event pursuant to Section 8.5 hereof.
Cash Alternative. Notwithstanding the foregoing, if Docusign determines in its sole discretion that it cannot provide the foregoing COBRA Benefit without potentially incurring financial costs or violating applicable law (including Section 2716 of the Public Health Service Act), Docusign shall in lieu thereof provide Employee a taxable cash payment in an amount equal to the monthly COBRA premium that the Company would be required to pay to continue Employee’s group health coverage in effect on the Separation Date (which amount shall be based on the premium for the first month of COBRA coverage), which payments will be paid in monthly installments on the same schedule and over the same time period that the COBRA Benefit would otherwise have been paid on behalf of Employee regardless of whether Employee elects COBRA continuation coverage and shall end on the earlier of (x) the date when the Employee and Employee’s eligible dependents become covered by health care coverage from another source, unless otherwise prohibited by applicable law or (y) the last day of the 12th calendar month following the Separation Date. Employee shall have no right to an additional gross-up payment to account for the fact that such COBRA premium amounts are paid on an after-tax basis. Employee must notify the Company within two (2) weeks if Employee obtains health care coverage from a new source.
Cash Alternative. We will not offer you cash instead of carrying out an annual service, repairs or replacements.
Cash Alternative. PTO may be taken by a nurse in the form of cash payment in lieu of time off each calendar year, provided that the nurse makes an irrevocable election (1) in the last calendar quarter of the preceding year during Employer’s standard benefit enrollment process or (2) during the calendar year itself with the Human Resource’s approval conditioned on financial hardship, past use of PTO and current PTO balance. Such cash-out will be paid out at any time after the PTO to be cashed out has accrued during the calendar year, but in no event later than December 31 of that year. PTO taken in cash payment form will be paid at the employee’s straight
Cash Alternative. If the Participant elects to allocate his or her Retention Amount to the cash alternative, such Retention Amount will retained and invested in a money-market fund specified by the Company. Any earnings or losses allocable to the Participant’s Retention Amount during the Retention Period will be subject to all required periodic tax reporting requirements.
