ACCRUAL OF PAID TIME OFF Sample Clauses

ACCRUAL OF PAID TIME OFF. Paid time off benefits will be paid out as follows: Permanent full-time employees will earn paid time off at the rate of twenty-four (24) days (192 hours) per year, accruing from the first day of initial work. Employees shall not be allowed to take paid time off during the probationary period unless authorized by the Chief Executive Officer. Beginning with fourth (4th) anniversary of regular employment, employees shall earn paid time off at the rate of twenty-seven (27) days (216 hours) per year. Employees may not accrue more than 336 hours of unused paid time off at any time except the accrual shall be increased to 480 hours for those employees who are planning a maternity/paternity leave, provided that the Payroll Department is notified by the employee, in writing, when the employee or spouse or domestic partner becomes pregnant. The increased amount of PTO hours may be used only for maternity/paternity leaves. Any unused accrued paid time-off in excess of this limitation shall be forfeited, unless prior approval is given by the Executive Director for excess accruals based upon the Employer’s needs.
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ACCRUAL OF PAID TIME OFF. All employees shall accrue one (1) hour of Paid Time Off (PTO) for every twenty-five (25) hours worked. Effective June 1, 2019, all employees shall accrue one (1) hour of Paid Time Off (PTO) for every twenty-three (23) hours worked.
ACCRUAL OF PAID TIME OFF. Paid time off benefits will be paid out as follows: Permanent full-time employees will earn paid time off at the rate of twenty-four (24) days (192 hours) per year, accruing from the first day of initial work. Employees shall not be allowed to take paid time off during the probationary period unless authorized by the Chief Executive Officer. Beginning with fourth (4th) anniversary of regular employment, employees shall earn paid time off at the rate of twenty-seven (27) days (216 hours) per year. Beginning with tenth (10th) anniversary of regular employment, employees shall earn paid time off at the rate of thirty (30) days (240 hours) per year. Employees may not accrue more than 360 hours of unused paid time off at any time except the accrual shall be increased to 480 hours for those employees who are planning a maternity/paternity leave, provided that the Payroll Department is notified by the employee, in writing, when the employee or spouse or domestic partner becomes pregnant. The increased amount of PTO hours may be used only for maternity/paternity leaves. Any unused accrued paid time-off in excess of this limitation shall be forfeited, unless prior approval is given by the Executive Director for excess accruals based upon the Employer’s needs.
ACCRUAL OF PAID TIME OFF. ‌ All full-time employees will begin accruing PTO after 60 days of continuous work with the Employer and continue accruing PTO thereafter unless interrupted by a leave of absence or termination of employment. Upon return from an unpaid leave of absence, they will begin accruing PTO again. All Regular employees will stop accruing PTO when they have accrued 120 hours of PTO. Any previously accrued ETO will be counted towards the 120 hours of PTO. Once this maximum accrual amount has been reached, no additional PTO will be earned until previously accrued PTO is used. There will be no retroactive grant of PTO for the period of time that the accrued PTO accrual was at the maximum accrual amount.
ACCRUAL OF PAID TIME OFF. Unused PTO may accumulate up to one hundred twenty (120) days. A certified employee who notifies the district of their retirement on or before January 15th at the time of retirement shall be entitled to receive compensation for accrued PTO leave up to a maximum of 30 days at the staff member's Per Diem Rate of pay. A certified employee who notifies the district of their resignation on or before January 15th at the time of resignation after ten (10) or more years of service with the district, shall be entitled to receive compensation for accrued PTO leave up to a maximum of 30 days at the substitute teacher daily rate of pay. In the case of the death of an employee, the unused leave will be paid to the employee’s designee. Any employee who is terminated for cause will forfeit all rights to the accumulated leave payment option.
ACCRUAL OF PAID TIME OFF. 2. PTO shall accrue at the rate of 4.177 hours per week; there is no accrual for overtime. Accrual continues during periods of PTO. There is no accrual for any period of unauthorised or unpaid absence.
ACCRUAL OF PAID TIME OFF. PTO shall be earned during each pay period based on the number of hours paid to a maximum of eighty (80) hours for all eighty (80) hour employees; a maximum of eighty (80) hours for all seventy-two (72) hour employees with 0-59 months of service; a maximum of seventy-two (72) hours for all other severity-two (72) hour employees; and a maximum of eighty (80) hours for all regular part-time employees. Subject to the preceding maximums, PTO will accrue on hours worked, paid jury duty time, paid bereavement, paid union release time (e.g. Article VI), PTO used on paid time off and paid leaves of absence, as well as hours of low census. PTO will not accrue for on-call hours, unpaid leave, or any other hours. The PTO Hourly Accumulation Rate is based on Hospital Seniority, not Bargaining Unit Seniority, as defined in Article 11, Section 1. Paid Time Off shall accrue for each full-time and regular part-time employee at the rates set forth below: 72-Hour Employees Months Maximum PTO Hours/Year Max/PP Hourly Accumulation Rate 0-35 148 5.69232 0.071154 36-59 168 6.46152 0.080769 60-119 196 7.538472 0.104701 120-999 232 8.923104 0.123932 80-Hour Employees and Regular Part-Time Employees Months Maximum PTO Hours/Year Max/PP Hourly Accumulation Rate 0-35 148 5.69232 0.071154 36-59 168 6.46152 0.080769 60-119 208 8 0.1 120-999 248 9.53848 0.119231
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ACCRUAL OF PAID TIME OFF. Paid time off begins accruing immediately but may not be used until after sixty (60) days of employment.

Related to ACCRUAL OF PAID TIME OFF

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Time Off The company recognises that sufficient time off to attend to personal matters and for recreation are important to the employee’s wellbeing, job satisfaction and overall productivity. Accordingly, time off may be taken with the consent of the Company, which shall not be unreasonably withheld. In considering the approval to have time off, the Parties will have regard to the current works programme and the urgency of the reason for time off. In the event that time off is to be taken, it will be the employee’s obligation to advise the Company in advance or as soon as practicable on the day of absence, recognising that unplanned absences can cause costly disruption to programmed works and are a major source of annoyance for the company, other employees and clients. The object of offering flexible working hours is that in return employees will take very seriously their obligation to turn up when they are expected. In view of the disruption caused by unplanned and or notified absenteeism, repeated failure to observe the protocol for time off would constitute misconduct.

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