PTO Pay. PTO pay shall be the rate of pay the employee would have received had the employee worked during the time of PTO.
PTO Pay. Payments per week of PTO will be equal to the employee’s basic hourly wage rate times the hours the employee is regularly scheduled to work in a normal week.
PTO Pay. PTO pay shall be the amount which the nurse would have earned had the nurse worked during that period at the nurse’s normal rate of pay.
PTO Pay. The Sellers shall credit to the Purchasers on the Closing Statement, as of the Closing Date for all earned and accrued paid vacation, sick or personal pay or other paid timeoff of all Transitioned Employees being conveyed on the Closing Date (collectively, “PTO”). The Sellers shall deliver to the Purchasers a list of PTO of Transitioned Employees employed at a Facility or employed at a regional corporate level within five (5) days prior to the Closing for such Facility (the “PTO List”), which shall include all PTO for Transitioned Employees of the applicable Facilities (i) as of the most recent pay period preceding the Closing Date and (ii) projected PTO as of the Closing Date, which shall assume no further vacation or sick days for all Transitioned Employees except for known scheduled vacation. The PTO List shall list all PTO of all Transitioned Employees, including the method of calculation of the PTO and the dollar value thereof to the Transitioned Employees to whom the amounts are potentially owed. The Purchasers shall thereafter be responsible for all such PTO to all such Transitioned Employees to the extent of the credit received from the Sellers at the Closing, and the amount of such PTO shall be subject to the post-Closing reconciliation process described in Section 9.6 below.
PTO Pay. PTO pay shall be based on the number of hours per week comprising the workweek scheduled at straight-time rate. If a holiday occurs during an employee's PTO/vacation period the employee shall be paid at his/her straight time rate and the hours for such holiday shall not be deducted from the number of PTO/vacation hours the employee has accrued. It is the employee's responsibility to ensure timesheets are completed by Payroll deadline.
PTO Pay. PTO pay is computed at the employee’s appropriate hourly wage rate, 3 including shift differential, based upon their regularly scheduled shift (e.g., from a minimum of seven 4 and a half (7.5) hours up to a maximum of eight (8) twelve (12) hours per day at the time the PTO is 5 taken. The employee may elect to use the maximum hours if he/she were scheduled to work those 6 hours. 7
PTO Pay. Any accrued Employee Paid Time Off (“PTO”) remaining as of the Termination Date will be paid on the June 1, 2018 payroll, less applicable taxes and withholdings.
PTO Pay. PTO shall be paid at the wage rate the employee would have received had the employee worked during the period in question, and it may be used in fifteen (15) minute blocks.
PTO Pay. A week of PTO pay as provided for in Section 1 above shall equal forty (40) hours of pay at the employee's straight-time hourly rate as of the anniversary date upon which he qualified for such PTO.
