Paid Time Off; Holidays. During the Term, Executive shall be eligible for paid time off (PTO) in accordance with policies approved from time to time by the Company for the benefit of executives generally. As of the Effective Date, the Company’s policy is not to place a fixed limit on the amount of PTO that executives may take, provided that, subject to applicable law, PTO is taken at such times and in such periods as shall not interfere with the duties required to be rendered by Executive hereunder. Executive shall also be entitled to paid holidays as provided by Company policy from time to time.
Paid Time Off; Holidays. Executive is entitled to four (4) weeks of paid time off per calendar year, with carryover for unused paid time off in accordance with Company policy applicable to other senior executives of the Company, as well as paid holidays in accordance with the Company’s policies in effect from time to time.
Paid Time Off; Holidays. In accordance with Company policies, Employee shall be entitled to accrue up to four (4) weeks of paid time off during each calendar year (January 1- December 31), subject to applicable maximum accrual caps; and Employee shall also be entitled to certain paid holidays.
Paid Time Off; Holidays. During the Term, the Executive shall be entitled to accrue up to twenty (20) days of paid time off (“PTO”) in each calendar year which shall be accrued ratably per pay period. Unused PTO cannot be carried over to the next calendar year and all unused PTO remaining at the end of a calendar year, or upon the termination of this Agreement by either party with or without cause, will be forfeited without payment. The Executive shall also be entitled to all paid holidays given by the Company to its senior executives.
Paid Time Off; Holidays. During the Term, the Executive shall be entitled to 3 weeks of paid time off (“PTO”) each full calendar year. The PTO shall be used for vacation time, personal days and sick days. Any vacation or personal time shall be taken at the reasonable and mutual convenience of the Company and the Executive, and with prior approval of the Company, and shall be counted as PTO. Any PTO that the Executive is entitled to in any calendar year that is not used by the end of such calendar year shall be forfeited. Any unused accrued PTO will be paid to Executive at the time of termination from employment. Holidays shall be provided in accordance with Company policy, as in effect from time to time.
Paid Time Off; Holidays. You will initially be eligible to accrue up to three weeks of paid time off during each calendar year, subject to applicable maximum accrual caps, in accordance with the Company’s paid time off policies as in effect from time to time. You will also be eligible for certain paid holidays pursuant to Company policy. The Company reserves the right to cancel or change its policies regarding paid time off, paid sick leave and/or holidays from time to time without amendment of this Agreement.
Paid Time Off; Holidays. Executive shall be eligible to accrue a total of thirty-three (33) days of paid time off (PTO) during each calendar year. PTO shall accrue and carryover in accordance with Company’s paid time off policy for its employees as stated in Company’s employee handbook, as amended from time to time. Such PTO shall be taken by Executive at such time or times as are reasonable under the circumstances in light of Executive’s duties hereunder and in accordance with Company’s paid time off policy. Additionally, Executive shall be entitled to the same paid holidays as are made available to all full-time employees of Company.
Paid Time Off; Holidays. Section 1. Paid Time Off (PTO) is provided to full-time bargaining unit employees and should be viewed as a “bank” of hours from which the employee can draw, depending on his/her needs . PTO includes, but is not limited to, leisure time off, personal time off, time lost from work due to illness or injury, bereavement, family emergencies, medical/dental appointments, facility closure due to inclement weather, and natural emergency conditions . Employees are responsible for managing their own PTO accounts . • PTO Accrual: Paid Time Off is accrued for regular full-time bargaining unit employees as follows: Years of Continuous Service Accrual of PTO hours per week Accrual of PTO hours per year 0-4 years of service 2 .31 hours 120 hours 5-9 years of service 3 .08 hours 160 hours 10-19 years of service 3 .85 hours 200 hours 20+ years of service 4 .62 hours 240 hours • PTO will be accrued by employees based on Company Service Credit in the table above . PTO will not accrue during unpaid leave of absences unless required by law . • PTO will not accrue during Long Term Disability Leave . • PTO will not accrue during leave for Union Business . • PTO pay will based on employee’s straight time hourly rate, plus any applicable shift differential . It is paid for the hours designated on the timesheet not to exceed the number of hours in a normal workweek . • A maximum of 240 PTO hours may be rolled over to the following calendar year . • In the event of separation, payment will be made for all earned, but unused PTO . • Employees may not use PTO to extend their termination date .
Section 2. Separate from your PTO bank, ten Holidays are available each year . The current Holidays include: • New Year’s Day • Xxxxxx Xxxxxx Xxxx, Xx .’s Birthday • Good Friday • Memorial Day • Independence Day • Labor Day • Thanksgiving Day • The day after Thanksgiving • Christmas Eve • Christmas Day The specific 10 days recognized as holidays above may be changed at the mutual agreement of the Company and Union . An employee will be paid for recognized holidays an amount equivalent to ten (10) times the employee’s straight-time hourly rate, subject to the following conditions:
1) An employee who is instructed to work on a holiday but who fails to report and does not have an acceptable excuse will receive no pay for the holiday .
2) Holidays are charged separately, ten hours, and are not included in PTO accrual .
3) For the purpose of calculating overtime pay, holiday hours will not be consid...
Paid Time Off; Holidays. Employee shall be entitled to paid vacation, sick leave, and other paid leave (“PTO”). Sick leave may be taken for those reasons set forth in the Employer’s sick leave policy. Employee shall be entitled to paid leave for all holidays as recognized by the District. Vacation and other leave may be taken at such times as will not materially affect the efficient operations of the District. Prior to taking such leave, Employee shall notify the Board Chair concerning which days she will be on leave, her location while on leave, and contact information.
Paid Time Off; Holidays. Employee shall be entitled to paid vacation, sick leave, and other paid leave (“PTO”). Sick leave may be taken for those reasons set forth in the Employer’s sick leave policy. Employee shall be entitled to paid leave for all holidays as recognized by the District. Vacation and other leave may be taken at such times as will not materially affect the efficient operations of the District. Prior to taking such leave, while acting as Interim General Manager Employee shall notify the Board Chair concerning which days he will be on leave, his location while on leave, and contact information. After re- assuming duties as the Associate General Manager, the notification will be given to the General Manager.
