Scenario Four. Where a statutory holiday falls on an employee's scheduled day off and the employee is in receipt of Weekly Indemnity, Long-term Disability or WorkSafeBC benefits on the scheduled work day preceding the statutory holiday, but works his/her next scheduled work day following the statutory holiday, the employee earns a day in lieu.
Scenario Four. An organization established in the US that monitors Irish data subjects’ behavior or offers them goods or services, regardless of whether the organization requires payment. In this scenario, the GDPR only applies German law if the data subjects are currently located in Germany.
Scenario Four. Scenario Four contemplates (i) the Rehabilitator’s stress case loss estimates for both the General and Segregated Accounts, (ii) realization of R&W Recoveries equal to 84% of the nominal cash flows employed in Ambac’s GAAP financial statements as of March 31, 2017, and (iii) the low end of our valuation range for AUK ($300 million assuming a 5.1% discount rate), with dividends from AUK to AAC assumed to commence in 2036. Under Scenario Four, all post-transaction Policy Claims would be paid in full, the new Senior Secured Notes would be paid in full, the Tier 2 Notes would receive an 81.7% recovery, and the Surplus Notes and Junior Surplus Notes would receive no recovery. See Exhibit G.
