Accrued PTO definition

Accrued PTO has the meaning set forth in Section 2.3(d).

Accrued PTO means, with respect to an Integra Employee or a SeaSpine 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

• Accrued PTO or vacation leave, whichever is applicable, shall be paid to Employee upon termination of employment.

• These amounts are classified in Compensation and benefits expense on the Consolidated and Combined Statements of Income and included in direct allocated costs.

• 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 shall be paid upon severance including severance during probationary period.

• 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.

More Definitions of Accrued PTO

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.

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 accrued vacation, accrued sick time and earned time off.

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

Accrued PTO has the meaning set forth in Section 6.4(b).

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. CH\1384542.7