The old physician was a 'P.C.' and the new doctor uses his name followed by 'P.A.'. I have accrued nearly 100 hours of PTO and have been told by the new doctor that the old one was responsible for paying me for them before he left. The practice name remained the same; the old physician has since told me in the purchasing contract, it was stated that the purchaser was to assume 'all financial responsibility' after buying. We have a (financially) separate aesthetics business that is a part of our office, pays half of all of our expenses but is owned by two other individuals. I have worked for the aestheticians all along but the payroll is run/paid under the doctor. Can the new owner just dissolve/remove all of my PTO? Any information would be helpful. Thank you!
This is a difficult question to answer without seeing the terms of your initial employment contract, but generally no your PTO cannot just be dissolved.
In many cases where a business is sold from one person to another, especially in "professional" fields like medicine / accounting / law, the purchasing party takes the liability for the accrued PTO of the employees who will be staying. That liability is then one of the factors considered as the two parties hash out a purchase price.
I would strongly encourage you to talk with a lawyer who does labor and employment law to walk you through this. You're welcome to give me a call and I can provide the name and number of an attorney in my building who works on these issues.
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