Extract to table

Under the laws of certain states in which the Debtors operate, accrued but unused PTO and vacation time is considered earned compensation that must be paid out upon an Employee's termination or separation from employment

For example, under Louisiana law, upon termination of employment, an employer is required to pay all amounts due, including accrued vacation, within a specified period

Section 1129(a)(9)(B) of the Bankruptcy Code requires that, as a condition of confirmation, a plan must provide for the payment in full of all priority claims under sections 507(a)(4) and 507(a)(5), unless the holder of a particular claim agrees to different treatment

§§ 1408 and 1409, and (d) adequate and sufficient notice of the Motion has been provided under the circumstances, and no other or further notice need be given; and the Court having determined that the legal and factual bases set forth in the Motion and the Kowalski Declaration establish just cause for the relief granted herein; and after due deliberation and good and sufficient cause appearing therefor, ^2 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Motion

No bank or financial institution that honors or processes any such payment in good faith and in reliance upon this Order shall have any liability to any party for doing so

Notwithstanding Bankruptcy Rule 6004(h), this Order shall be effective immediately upon entry and shall not be stayed for fourteen (14) days