Amount of PTO Sample Clauses

Amount of PTO. After completing ninety (90) calendar days of employment, an employee shall be eligible to receive PTO benefits accrued from date of hiring according to the following schedule: Years of Service PTO Accrual Levels Maximum Hours and Days [Hourly Rate] 3-Jan 200 (25 working days) 5-Apr 240 (30 working days) 7-Jun 248 (31 working days) 9-Aug 256 (32 working days) 14-Oct 280 (35 working days) 15-16 304 (38 working days) 17-20 312 (39 working days) 20+ 320 (40 working days) A part-time employee with a Full Time Equivalent (FTE) status of .5 FTE or above shall accrue according to the above schedule based on hours worked and paid per pay period. An employee may use PTO benefits to the extent accrued in increments of not less than one (1) normally scheduled work hour up to the equivalent of the employee’s regularly scheduled shift. In all cases, PTO shall be payable for regularly scheduled days of work. (An employee also may use PTO hours to the extent accrued for any recognized holidays that occur during the probationary period.)
Sample 1Sample 2
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Amount of PTO. After completing ninety (90) calendar days of employment, nurses shall be eligible to receive PTO benefits accrued from date of hire according to the following schedule: PTO Accrual Levels Years of Service Maximum Hours & Days [Hourly Rate] 1-3 200 (25 working days) 4-5 240 (30 working days) 6-7 248 (31 working days) 8-9 256 (32 working days) 10-14 280 (35 working days) 15-16 304 (38 working days) 20+ 320 (40 working days) Part-time nurses accrue according to the above schedule based on hours worked and paid per pay period. Nurses may use PTO benefits to the extent accrued in increments of not less than one (1) normally scheduled work hour up to the equivalent of their regularly scheduled shift. In all cases, PTO shall only be payable for regularly scheduled days of work. Nurses also may use PTO hours to the extent accrued for any recognized holidays that occur during the probationary period.
Sample 1Sample 2
Amount of PTO. After completing ninety (90) calendar days of employment, nurses shall be eligible to receive PTO benefits accrued from date of hire according to the following schedule: PTO Accrual Levels Years of Service Maximum Hours & Days [hourly rate] 1-3 200 (25 working days) .0963 4-5 240 (30 working days) .1155 6-7 248 (31 working days) .1193 8-9 256 (32 working days) .1232 10-14 280 (35 working days) .1347 15-19 304 (38 working days) .1462 20-24 320 (40 working days) .1538 25-26 328 (41 working days) .1577 27 + 336 (42 working days) .1615 Part-time nurses accrue according to the above schedule based on hours worked paid up to full- time status per pay period. Nurses may use PTO benefits to the extent accrued in increments of not less than one (1) normally scheduled work hour. In all cases, PTO shall only be payable for regularly scheduled days of work. For purposes of determining a nurse’s “regularly scheduled days of work” under this Section 9.1, FTE shall not be controlling. Rather, the nurse shall be entitled to take PTO up to the average number of hours worked over the preceding ninety (90) day period.
Sample 1Sample 2
Amount of PTO. The company recognizes the need for employees to relax and spend time away from their work responsibilities. We also understand there are many reasons an employee would need to be away from work. We value our staff and want to encourage them to relax, recharge, and have time to take care of personal responsibilities. Paid Time Off (PTO) will be earned by full and part-time employees based on year of service. Paid Time Off (PTO) will be accrued at the following rates, based on the number of hours worked up to a maximum of 2080. Years of Service Accrual Rate Hours Days 0-2 years 0.0385 80.08 10.01 5 years 0.0577 120.016 15.002 10 years 0.0769 159.952 19.994 10+ years 0.0962 200.096 25.012 13.3 PTO (Vacation) on Weekends: Employees can schedule PTO vacation for any scheduled workday, with the exception of weekends. An employee with one (1) or more years of service may request PTO time on his/her regularly scheduled weekend shift once per year. A weekend is defined as Saturday and Sunday. An employee with five (5) or more years of service may request PTO time on his/her regularly scheduled weekend shift twice per year. A weekend is defined as Saturday and Sunday.
Sample 1
Amount of PTO. 0 – 2 Years - .0385 per hour worked 2 – 5 Years - .0577 per hour worked 5 – 10 Years - .0769 per hour worked 10 + Years - .0962 per hour worked
Sample 1
Amount of PTO. After completing ninety (90) calendar days of employment, an employee shall be eligible to receive PTO benefits accrued from date of hiring according to the following schedule: PTO Accrual Levels Years of Service Maximum Hours and Days [Hourly Rate] 4-5 240 (30 working days) 6-7 248 (31 working days) 20+ 320 (40 working days) A part-time employee with a Full Time Equivalent (FTE) status of .5 FTE or above shall accrue according to the above schedule based on hours worked and paid per pay period. An employee may use PTO benefits to the extent accrued in increments of not less than one (1) normally scheduled work hour up to the equivalent of the employee’s regularly scheduled shift. In all cases, PTO shall be payable for regularly scheduled days of work. (An employee also may use PTO hours to the extent accrued for any recognized holidays that occur during the probationary period.)
Sample 1
Amount of PTO. After completing ninety (90) calendar days of employment, nurses shall be eligible to receive PTO benefits accrued from date of hire according to the following schedule: PTO Accrual Levels Years of Service Maximum Hours [hourly rate] 1-3 200 .0963 4-5 240 .1155 6-7 248 .1193 8-9 256 .1232 10-14 280 .1347 15-19 304 .1462 20-24 320 .1538 25-26 328 .1577 27 + 336 .1615 Part-time nurses accrue according to the above schedule based on hours worked paid up to full- time status per pay period. Nurses may use PTO benefits to the extent accrued in increments of not less than one (1) normally scheduled work hour. In all cases, PTO shall only be payable for regularly scheduled days of work. For purposes of determining a nurse’s “regularly scheduled days of work” under this Section 9.1, FTE shall not be controlling. Rather, the nurse shall be entitled to take PTO up to the average number of hours worked over the preceding ninety (90) day period.
Sample 1
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Related to Amount of PTO

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  • Principal Amount The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture (the “Initial Notes”) shall be $100,050,000 (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 3.6, 9.6 or 11.7 of the Base Indenture). The Company may from time to time, without the consent of the Holders of Notes, issue additional Notes (in any such case “Additional Notes”) having the same ranking and the same interest rate, Maturity and other terms as the Initial Notes. Any Additional Notes and the Initial Notes shall constitute a single series under the Indenture and all references to the Notes shall include the Initial Notes and any Additional Notes unless the context otherwise requires.

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