PAID TIME OFF (OPERATIONS Sample Clauses

PAID TIME OFF (OPERATIONS. ONLY) 14.01 PTO eligibility: PTO is an allotted number of excused paid days provided to each employee for such things as personal illness, family matters or personal business as well as for vacation. An employee’s total annual allocation of PTO days is available as of January 1 of each year because employees are permitted to borrow prospectively from their annual allocation within the same calendar year. In all instances, use of PTO is subject to the approval of the employee’s supervisor or scheduling. Regular employees will be granted PTO days in each calendar year on the following basis: a. For all regular full-time employees hired on or after June 1, 2012, the following PTO Accrual Chart will apply. Less than 5 years 1.667 days 20 days or 160 hours 5 years but fewer than 10 years 1.833 days 22 days or 176 hours 10 years but fewer than 15 years 2.0 days 24 days or 192 hours 15 years but fewer than 20 years 2.167 days 26 days or 208 hours 20 years but fewer than 25 years 2.333days 28 days or 224 hours 25 years or more 2.5 days 30 days or 240 hours b. Annual PTO allotment for employees hired prior to June 1, 2012 is accrued on the following basis: Service Categories Annual Allotment of PTO Days Monthly Accrual Rate - Full-time Monthly Accrual Rate - Part-time i. Service categories are defined as the beginning of the month following the fifth (5th), fifteenth (15th) or twenty-fifth (25th) anniversary of employment. ii. Part time employees are calculated (using accrual rate above) on a pro- rated basis based on the number of regular hours worked. c. New Hires