Accrual-Paid Time Off Sample Clauses

Accrual-Paid Time Off a. Regular full time and part time Nurses shall accrue the following amounts of paid time off: • 0 – 4 Years of Service = 184 hours per year (Maximum PTO Accrual cap is 276 hours *) • 5 – 9 Years of Service = 240 hours per year (Maximum PTO Accrual cap is 360 hours *) • 10 – 14 Years of Service = 280 hours per year (Maximum PTO Accrual cap is 420 hours *) • 15 + Years of Service = 280 hours per year** (Maximum PTO Accrual cap is 420 hours*) *Maximum PTO cap is the maximum amount of PTO hours that a Nurse can accrue in their PTO accrual account. Once the Nurse has reached the maximum PTO accrual cap, the Nurse will stop accruing PTO until their PTO accrual balance is below the maximum accrual cap amount. ** All eligible Nurses with 15+ years of service as of December 31, 2015 will be grandfathered to accrue up to 312 hours per year (312 hours based on full-time eligibility – maximum accrual cap is 468 hours). • PART-TIME: PTO days shown above are for full-time Nurses. Part-Time Nurses PTO days would be less if hours worked are less than full-time.
Sample 1
AutoNDA by SimpleDocs
Accrual-Paid Time Off a. Regular full time and part time Nurses shall accrue the following amounts of paid time off:  0 – 4 Years of Service = 184 hours per year (Maximum PTO Accrual cap is 276 hours *)  5 – 9 Years of Service = 240 hours per year (Maximum PTO Accrual cap is 360 hours *)  10 – 14 Years of Service = 280 hours per year (Maximum PTO Accrual cap is 420 hours *)  15 + Years of Service = 280 hours per year** (Maximum PTO Accrual cap is 420 hours*) *Maximum PTO cap is the maximum amount of PTO hours that a Nurse can accrue in their PTO accrual account. Once the Nurse has reached the maximum PTO accrual cap, the Nurse will stop accruing PTO until their PTO accrual balance is below the maximum accrual cap amount. ** All eligible Nurses with 15+ years of service as of December 31, 2015 will be grandfathered to accrue up to 312 hours per year (312 hours based on full-time eligibility – maximum accrual cap is 468 hours).  PART-TIME: PTO days shown above are for full-time Nurses. Part-Time Nurses PTO days would be less if hours worked are less than full-time.  PTO CASH-OUT: Nurses who elected in December 2014 to have a PTO cash-out in December 2015 will not be able to change these elections. If a Nurse does not have sufficient hours available in December for the PTO cash-out election, no cash-out will be paid.  ONE TIME PTO CASH-DOWN: Nurses with existing PTO accrual balances over the new maximum accrual shall be cashed down to seventy-five percent (75%) below the accrual caps above so that such nurse will continue to accrue PTO.
Sample 1
Accrual-Paid Time Off. A. Less than 5 Years of Service An employee must be continuously employed by the College for a minimum of six (6) consecutive calendar months to be eligible to use paid time off. Employees with less than 5 years of service will receive 16 days paid time off. An employee will accrue paid time off at 1 1/3 days per month.
Sample 1
Accrual-Paid Time Off a. Regular full time and part time Nurses shall accrue the following amounts of paid time off through the pay period preceding the first full pay period in January 2023. Years of Service Hourly Accrual Rate Annual Accrual Rate Maximum PTO Accrual 0-4 .08860 184 276 5-9 .11565 240 360 10-14 .13500 280 420 15+ .13500 280** 420** ** All eligible Nurses with 15+ years of service as of December 31, 2015 will be grandfathered to accrue up to 312 hours per year (312 hours based on full-time eligibility – maximum accrual cap is 468 hours).
Sample 1

Related to Accrual-Paid Time Off

  • Unpaid Time Off All accruals must be exhausted prior to taking unpaid time off (unless eligible for EIT access).

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • 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.

  • 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.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year During the first year of current continuous employment Ninety-six (96) During the second year of current continuous employment One hundred four (104) During the third and fourth years of current continuous employment One hundred twelve (112) During the fifth, sixth, and seventh years of total employment One hundred twenty (120) During the eighth, ninth, and tenth years of total employment One hundred twenty-eight (128) During the eleventh year of total employment One hundred thirty-six (136) During the twelfth year of total employment One hundred forty-four (144) During the thirteenth year of total employment One hundred fifty-two (152) During the fourteenth year of total employment One hundred sixty (160) During the fifteenth year of total employment One hundred sixty-eight (168) During the sixteenth year of total employment and thereafter One hundred seventy-six (176)

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

  • Annual Paid Sick Leave Fifteen (15) days sick leave per year shall be earned by an employee at the rate of 1.25 days for every month that an employee is employed.

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!