Extract to table

However, the total equity payout at closing represents a significant component of the aggregate transaction consideration and must be factored into Penterra's economic analysis, including for purposes of the Section 280G analysis discussed below

Under California law, vested PTO is treated as earned wages that must be paid to the employee upon termination of employment

3 provides that all vested vacation must be paid at the employee's final rate of pay at the time of termination

Additionally, the merged plan must satisfy applicable nondiscrimination testing requirements, and crediting service for eligibility and vesting purposes for Veridian employees must be addressed to avoid gaps in coverage

Alternatively, if Penterra elects to terminate Veridian's 401(k) Plan, the termination must comply with IRS procedures, including the filing of a final Form 5500 and the distribution or rollover of participant account balances