Cash Out of PTO. Employees who have at least 200 hours in their PTO bank may cash out 80 hours within 30 days of employee's anniversary each calendar year. Employees may cash out up to 80 hours on each request.
Cash Out of PTO. An employee who elects to participate in the ACP will receive a payoff for all accrued Paid Time Off (PTO) upon entering the ACP. Such payoff will be at the base wage rate that is in effect on the day prior to entering the ACP. No additional hours will accrue while in the ACP. Benefits Participation of An Employee in ACP An employee who satisfies applicable requirements and is enrolled in ACP will have the following applied based on an option to participate or, as applicable, automatically: • Additional hours will be paid at the ACP wage rate differential; • Commuter Spending Account; • Dependent Care Spending Account; • Designated Holidays worked paid at one and a half (11/2) times the base wage rate; unworked Designated Holiday will not be paid; • Employee-purchased Optional Life Insurance; • Health Care Spending Account; • Jury Duty paid at the ACP wage rate differential; • Xxxxxx Permanente Employees Pension Plan (KPEPP), (with Final Average Monthly Compensation at the base wage rate without the 20% ACP differential); • Shift differentials paid on all applicable hours; • Survivor Assistance Benefit (paid at the base wage rate without the 20% ACP differential); • Tax-Deferred Retirement Savings; • Tuition Reimbursement; and 324 325 326 327 328 329 • Unpaid Leaves of Absence, including FMLA/CFRA, Personal Leave, Medical Leave, Occupational Injury or Illness Leave, have no benefit coverage or accruals associated with the leaves.
Cash Out of PTO. Once each year, an employee may elect a cash out of up to sixty (60) hours of his/her accrued and unused Paid Time Off (PTO) per payroll year. The employee must make an irrevocable election of such cash-out during the open enrollment period of the preceding year. The employee must also retain at least forty (40) hours in his or her PTO bank after the cash- out, or the cash-out amount will be reduced or denied. The employee must select two cash-out dates from amongst the pay periods designated by the Employer at the time of open enrollment, and may select the third date from among all other regular pay periods for that year. The employee may elect to be paid on one, two or three dates at their discretion indicating their choice during open enrollment.
Cash Out of PTO. An employee having five (5) or more years of service, may cash out up to a maximum of forty (40) hours of accrued PTO once each fiscal year. Requests for cash-out shall be made in accordance with Human Resources procedures, and provided employee has:
a) Already used no fewer than forty (40) hours of PTO in the fiscal year in which he is requesting the cash-out and,
b) Has no fewer than forty (40) hours of accrued PTO after the cash-out being requested. Cash-out shall be calculated at the employee’s hourly rate of pay.
Cash Out of PTO. No more than two hundred forty (240) hours of PTO can be accumulated from prior anniversary years, and any excess amounts will be paid to the employee in the first (1st) pay period in October, unless and to the extent an employee has requested a vacation in which he/she will use all PTO in excess of the two hundred forty (240) hours by the end of the calendar year (December 31) and such time off had been granted in accordance with 13.6 (b) (1) Time of Submission of Requests. Employees also may elect, no fewer than thirty (30) days before the commencement of their anniversary year, to be paid for PTO accumulation in excess of eighty (80) hours.
Cash Out of PTO. An employee may cash out a maximum of one hundred sixty (160) hours of PTO per calendar year so long as any cash out does not make the employee’s PTO bank fall below a minimum of forty (40) hours. A maximum of eighty (80) hours may be cashed out in a given pay period. Cash out of PTO will include evening and night shift differentials, if applicable, based on the majority of your regular monthly schedule. Weekend Premium is not included.
Cash Out of PTO. AN employee may request a payout of PTO hours in any payroll period with the following conditions/restrictions. • Payout hours requested must be a minimum of 8 hours per request • Cumulative payouts in any calendar year quarter may not exceed 25% of the available PTO balance at the time of the first payout request in any quarter • The employee’s PTO balance must not be less than 40 hours after applying the payout hours. • The supervisor authorized PTO Payout Request and Authorization form must be delivered to payroll no less than 3 working days before the appropriate pay period end • Paid Time Off payout will be included with regular pay at regular pay periods. No manual checks will be issued for PTO payout.
Cash Out of PTO. An employee may elect a one-time cash out of up to thirty (30) hours of his/her accrued and unused Paid Time Off (PTO) per payroll year. The employee must malice an irrevocable election of such cash-out during the open enrollment period of the preceding year. The employee must also retain at least forty (40) hours in his or her PTO bank after the cash-out, or the cash-out amount will be reduced or denied. The employee must select a cash-out date from amongst the pay periods designated by the Employer at the time of open enrollment.
Cash Out of PTO. PERSONAL CARE ASSISTANTS AND PART TIME AMBASSADORS
