PTO Accrued Liabilities definition
PTO Accrued Liabilities has the meaning set forth in Section 2.041.1(a)(x).
PTO Accrued Liabilities means the accrued liability as recorded in the Seller's Financial Statements as of the Effective Time for vacation and holiday benefits related to the Hired Employees.
Examples of PTO Accrued Liabilities in a sentence
At such time, Seller shall also pay to all Transferred Employees all PTO Accrued Liabilities or any other “Paid Time Off” amounts accrued or accumulated on the books and records of Seller or to which such Transferred Employees are entitled.
No such PTO Accrued Liabilities or other “Paid Time Off” amounts will be Assumed Liabilities for any purpose hereunder.