Accrued PTO definition
Accrued PTO means the amount of salaries and wages which the Employees are entitled to receive (including all employment taxes with respect thereto) for any personal time off for holiday or sick days accrued by such Employees as of the time in question (computed at the rate of the salaries and wages earned by such Employees as of the time in question), but expressly excluding any Accrued Vacation Pay.
Accrued PTO means, with respect to an Inland American Employee or a Xenia Employee, such individual’s accrued vacation, paid-time-off and sick time, if any.
Accrued PTO has the meaning set forth in Section 1.3(c). “Acquired Assets” has the meaning set forth in Section 1.1.
Examples of Accrued PTO in a sentence
Accordingly, other than as set forth in Section 7.4(c)(ii) or Section 7.4(d), references in this Agreement to the Closing or the Closing Date (including the definition of Accrued PTO) with respect to the Delayed Conveyance Employees shall be deemed to mean the Delayed Conveyance Transfer Time.
In the case of any Inactive Employee who becomes a Transferred Employee following the Closing Date, all references in this Agreement to the Closing or the Closing Date (including in the definition of Accrued PTO) shall be deemed to be references to the date on which such individual becomes a Transferred Employee.
More Definitions of Accrued PTO
Accrued PTO has the meaning set forth in Section 2.3(d).
Accrued PTO has the meaning given to it in the Section 5.6(a).
Accrued PTO means accrued vacation, accrued sick time and earned time off.
Accrued PTO has the meaning set forth in Section 10.10(c).
Accrued PTO has the meaning set forth in Section 1.3(c).
Accrued PTO means all earned but unused vacation, sick leave, and other paid time off entitlements and benefits attributable to the Transferred Employees who have executed an authorization to transfer such entitlements to Purchaser as of the Closing Date.
Accrued PTO means, with respect to any Employee, the salary and wages which such Employee is entitled to receive for any personal time off accrued or earned but unused by such Employee as of the time in question, together with all employment taxes with respect thereto, including, without limitation, any withholding and employer contributions required under Applicable Law.