Common use of Negative Balances Clause in Contracts

Negative Balances. Employees may not access accruals that would result in a negative balance. (Employees will be denied vacation requests if their projected PTO balance would not contain sufficient accruals to cover the requested time off. In this situation, an employee may request an unpaid leave of absence).

Negative Balances. Employees may not access accruals that would result in a negative balance. (Employees will may be denied vacation requests if their projected PTO balance would not contain sufficient accruals to cover the requested time off. In this situation, an employee may request an unpaid leave of absence). If the employee’s PTO bank is below the required amount when a previously approved vacation occurs, the employee may be allowed to take the vacation with the understanding that a portion or all of the vacation will be unpaid time, subject to his/her manager’s approval.