PTO Amount definition
Examples of PTO Amount in a sentence
Buyer’s Transfer Offer shall include a consent from each Transferred Employee to Buyer’s or its Affiliates’ assumption of the unused PTO Accrual set forth on the Closing PTO Amount Schedule.
As of the Closing, the Closing PTO Amount Schedule will set forth an accurate and complete list of the amount of PTO Accrual for each of the Target Employees.
As of the Closing, the Closing PTO Amount Schedule will set forth an accurate and complete list of the amount of Accrued PTO for each of the Target Employees.
This includes all taxes payable upon a Severance Amount, PTO Amount, or Retention Amount distribution from the Trust.
No authorization, ---------------------------------- consent, approval, order, license, exemption from, or filing, registration or qualification with, any Governmental Agency is required to authorize, or is otherwise required in connection with, the execution, delivery and performance by Borrower of this Agreement.
Seller agrees to use its reasonable best efforts to obtain necessary consents (which shall be included in the Transfer Offers) from each Transferred Employee relating to Buyer’s or its Affiliates’ assumption of the accrued, but unused PTO set forth on the Closing PTO Amount Schedule.
Notwithstanding that the Parties shall determine the foregoing amounts separately for each Closing, the Parties shall calculate and prepare a reconciliation, on a biweekly basis, with respect to all Closings for which the Actual Inventory Value, the Actual Accrued PTO Amount and the Actual Proration Amounts shall have been determined within such biweekly period in accordance with the foregoing sentence.
Payment of Employee’s PTO Amount, after reduction for employer taxes and net of withholding taxes (as defined in the Trust Agreement) will be made by ADP Direct Pay.
As of the Closing, the Closing PTO Amount Schedule will set forth an accurate and complete list of the amount of Accrued PTO for each of the Target Employees and Key Employees.
Buyer shall indemnify, defend and hold Seller harmless from and against any or all losses, claims, demands, liabilities or causes of action arising from (i) any failure by Buyer to pay or provide the Hired Employees PTO Amount to those Hired Employees for which Buyer received payment of the Hired Employees PTO Amount from Seller, or (ii) Buyer’s breach of its other obligations under this Section 10.10.