PAID TIME OFF (OPERATIONS ONLY Sample Clauses

PAID TIME OFF (OPERATIONS ONLY. 14.1 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: <5 years 19 1.5833 days/mo. .0731/hr. 5 -- 14 years 24 2.0000 days /mo. .0923/hr. 15 -- 24 years 29 2.4167 days /mo. .1115/hr. 25+ years 34 2.8330 days /mo. .1308/hr. 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
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Related to PAID TIME OFF (OPERATIONS ONLY

  • Vacations and Sick Leave The Executive shall be entitled to paid annual vacation leave in accordance with the policies as established from time to time by the Board of Directors, which shall in no event be less than four weeks per annum. The Executive shall also be entitled to an annual sick leave benefit as established by the Board for senior management employees of the Bank. The Executive shall not be entitled to receive any additional compensation from the Bank for failure to take a vacation or sick leave, nor shall he be able to accumulate unused vacation or sick leave from one year to the next; provided, however, such Executive may carry forward from year to year a maximum of ten days of unused vacation leave.

  • Paid Time Off (PTO) During the Term, Executive shall be entitled to paid time off in accordance with Company’s policy in place from time to time; provided, however, that Executive shall be eligible to accrue no less than twenty (20) days per calendar year (with such amount prorated for the balance of 2017).

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Vacation and Paid Time Off The Executive shall be entitled to vacation and paid time off in accordance with the standard policies of the Company for executives as in effect from time to time.

  • Paid Sick Leave For those jurisdictions that have passed or will pass legislation requiring Paid Sick Leave, Paid Sick Time will be billed back to Client at the straight-time bill rate for all hours taken by any Consultant assigned to Client. This section is not applicable until the effective date of such legislation has been reached.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Vacation and Sick Leave During the Term, Executive shall be entitled to (a) sick leave in accordance with the Company’s policies applicable to similarly situated executive officers of the Company from time to time and (b) 4 weeks paid vacation each calendar year (up to 40 hours of which may be carried forward to a succeeding year).

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

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