Examples of Assumed PTO in a sentence

Notwithstanding the foregoing, after the Assumed PTO for a Hired Employee is used by such Hired Employee, such Hired Active Business Employee will accrue paid time off and leave in accordance with the Purchaser PTO Policies as may be modified from time to time.
The Assumed PTO shall be available for use by the Hired Employees in accordance with the Purchasers paid time off and vacation policies (“Purchaser PTO Policies”).
Continuing Employees shall be permitted to use their Assumed PTO in a manner consistent with J&J policies applicable to similarly situated employees of J&J and to accrue additional vacation and other paid-time-off in accordance with J&J’s policies and procedures, as in effect from time to time.
The Assumed PTO shall be treated as Closing Indebtedness and shall be deducted from the Purchase Price.
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More Definitions of Assumed PTO

Assumed PTO has the meaning specified in Section 8.2(e).

Assumed PTO shall have the meaning set forth in Section 1.3(e).

Assumed PTO means the aggregate dollar amount of all PTO to be assumed by Buyer as of the Closing with respect to the Hired Employees pursuant to Section 8.5(b), as set forth in Schedule 2.3(c) and for which Buyer receives a purchase price reduction pursuant to Section 3.1(d) hereof. For the avoidance of doubt, Buyer shall not assume and Assumed PTO shall not include (notwithstanding any schedule to the contrary) any PTO that is not legally transferred by Seller to Buyer.

Assumed PTO has the meaning set forth in Section 2.1(b).

Assumed PTO means the accrued paid-time off, up to eighty (80) hours per employee, for each of Seller’s employees who are offered and who accept employment with Purchaser.

Assumed PTO has the meaning provided such term in 0.

Assumed PTO has the meaning set forth in Section 4.05(j).