Accrued PTO means, with respect to an InvenTrust Employee or a Highlands 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.

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.

Examples of Accrued PTO in a sentence

Accrued PTO or vacation leave, whichever is applicable, shall be paid to Employee upon termination of employment.
Accrued PTO as appropriate shall be payable at the employee’s regular rate of pay on the first (1st) day of bona fide illness, injury, disability due to pregnancy or childbirth, or illness or injury of the employee or the employee’s dependent child, spouse, parent, parent-in-law, or grandparent, pursuant to state law.
Accrued PTO may be used during any waiting period for State Disability Insurance or Workers’ Compensation for which ESL is not available and may be used to supplement any such disability payments during a period of disability to equal the Nurse’s regular earnings (at regular hourly rate of pay) after ESL has been exhausted.
Accrued PTO will be cashed out on the employee's last paycheck if the employee is laid off or voluntarily terminates with two weeks’ notice.
Accrued PTO may be used during the waiting period for workers’ compensation until the Regular Nurse becomes eligible for ESL, and may be used to supplement any such workers’ compensation payments to equal the Nurse’s regular earnings (at regular hourly rate of pay), after ESL has been exhausted.

More Definitions of Accrued PTO

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 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 has the meaning set forth in Section 10.10(c).

Accrued PTO has the meaning set forth in Section 1.3(c).

Accrued PTO shall have the meaning ascribed to such term in Section 6.07(c).