Payment of Accrued PTO. An employee was laid off shall have the right, at the time of layoff, to receive accrued PTO pay upon written request to the Institute.
Payment of Accrued PTO. Pendrell agrees to pay Employee a lump sum payment of $114,759, representing Xx. Xxxxx’x accrued and unused PTO, capped at 1.5 times his annual accrual rate, through Pendrell’s next regularly scheduled payroll following the seven day revocation period described in Section 12 of this Agreement.
Payment of Accrued PTO. Pendrell agrees to pay Employee for accrued but unused vacation benefits that may exist as of Termination Date. As of Termination Date, Employee shall cease to accrue or be eligible for additional PTO benefits.
Payment of Accrued PTO. SxxxXxxx agrees to pay Falconer the cash value of the Accrued PTO via wire transfer in the amount of Two Hundred Seventy Thousand Seven Hundred Forty-Seven United States Dollars ($270,747) to an account designated by Falconer in writing, which wire transfer shall be dated for value on or before the date which is three (3) business days following the Closing of the Company Merger.
Payment of Accrued PTO. Unless Executive shall have revoked this Agreement as set forth in Section 4(d) of this Agreement, on June 11, 2014, the Company shall pay to Executive the amount of $9,615.00, which Executive and the Company acknowledge and agree represents the value of all of Executive’s accrued vacation days and other accrued paid time off consistent with the Company’s practice and policy.
