Grandfathered PTO definition
Examples of Grandfathered PTO in a sentence
Sellers shall, prior to or as soon as practicable following the Closing, pay all Grandfathered PTO to Business Employees.
Grandfathered PTO time can be used if the employee’s current accrued PTO time is exhausted.
All Grandfathered PTO Hours will be carried over regardless of current accrual.
Prior to the Closing, GCC shall pay all Continuing Employees any Grandfathered PTO to which they are entitled and shall transfer all PTO liabilities other than Grandfathered PTO to ▇▇▇▇▇, subject to Section 6.4 below.
Prior to the Closing, the Contributor shall pay, or cause to be paid, all Transferring Employees any Grandfathered PTO to which they are entitled and shall transfer all PTO liabilities other than Grandfathered PTO to SRS or an Affiliate thereof, subject to Section 6.3 below.
Grandfathered PTO time can be used if the N employee’s current accrued PTO time is exhausted.
Until at least the end of the first calendar year commencing after the Effective Date, SRS or an Affiliate shall continue to allow Transferring Employees to use such PTO (other than Grandfathered PTO) and to accrue additional paid time off in accordance with Contributor’s PTO policy as in effect immediately prior to the Closing Date.
Until at least the end of the first calendar year commencing after the Effective Date, ▇▇▇▇▇ shall continue to allow Continuing Employees to use such PTO (other than Grandfathered PTO) and to accrue additional paid time off in accordance with GCC’s paid time off policy as in effect immediately prior to the Closing Date.