Common use of Vacation and PTO Clause in Contracts

Vacation and PTO. Company Employees shall be eligible to participate in Parent's vacation or PTO policy, as applicable, as soon as administratively feasible after the Effective Time but in no event later than January 1, 2001. Prior to such date Company Employees shall remain eligible for Company's vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed by Parent or Company. Parent shall include service with the Company for purposes of determining eligility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) under Parent's vacation or PTO policy, as applicable. Subject to the terms of the Company plans or policies, each Company Employee will be entitled to carry over all vacation days and sick leave acrued but unused as of the Effective Time.

Vacation and PTO. Company Employees shall be eligible to participate in Parent's vacation or PTO policy, as applicable, as soon as administratively feasible after the Effective Time but in no event later than January 1, 2001. Prior to such date Company Employees shall remain eligible for Company's vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed in any material respect by Parent or Company. Parent shall include service with the Company for purposes of determining eligilityeligibility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) under Parent's vacation or PTO policy, as applicable. Subject to the terms of the Company plans or policies, each Company Employee will be entitled to carry over all vacation days and sick leave acrued accrued but unused as of the Effective Time.

Vacation and PTO. Company Employees shall be eligible to participate in Parent's ’s vacation or PTO paid time off (“PTO”) policy, as applicable, as soon as administratively feasible after the Effective Time but in no event later than January 1, 2001Time. Prior to such date Company Employees shall remain eligible for the Company's ’s vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed in any material respect by Parent or the Company. Parent shall include service with the Company for purposes of determining eligilityeligibility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) PTO under Parent's ’s vacation or PTO policy, as applicable. Subject to the terms of the Company plans or policies, each Company Employee will be entitled to carry over all vacation days and sick leave acrued accrued but unused as of the Effective Time.