Quick ? about hand-for-hand

[Wingnut]

I was under the impression that hand-for-hand was one table at a time, but it appears that each table plays the hand at the same time, pausing between each hand.

What happens if there are 4 non-paying spots (spots at a certain pay level) left, and 5 players go out on a particular hand? Does the tiebreaker of highest initial chip stack come into play?

Thanks,
-David