Payment and Cashout. PTO will be paid at the time of use at the nurse’s 8 Appendix A hourly wage rate on the nurse’s regularly scheduled shift and
Payment and Cashout. PTO will be paid at the time of use at the nurse’s Appendix A hourly wage rate on the nurse’s regularly scheduled shift and classification. Except in the event of PTO cash out, the inclusion of shift differential in said rate of pay shall be determined in accordance with the hours normally worked by the employee on the employee’s assigned shift. All accrued but unused PTO will be paid upon termination. In addition, while a nurse is employed at the Employer, the nurse may cash out up to the full amount of PTO hours the nurse has accrued but not used during that calendar year, provided that the nurse makes an irrevocable election of such cash out during open enrollment in the preceding year. Such cash out will be paid at any time after the PTO to be cashed out has accrued for the nurse during the calendar year, as a one-time lump sum payment or as a per pay period amount, but in no event later than December 31 of that year. The nurse must further designate when the one-time lump sum payment is to be paid by the Employer at least two (2) weeks prior to its disbursement. A nurse is not required to cash out accrued PTO and may allow it to accumulate for future use or payment upon termination, up to a maximum of 600 hours of PTO.
Payment and Cashout. PTO will be paid at the time of use at the nurse’s 19 Appendix A hourly wage rate. Except in the event of PTO cash out, the 20 inclusion of shift differential in said rate of pay shall be determined in 21 accordance with the hours normally worked by the employee on the 22 employee’s assigned shift. All accrued but unused PTO will be paid upon 23 termination. In addition, while a nurse is employed at the Employer, the nurse 24 may cash out up to the full amount of PTO hours the nurse has accrued but 25 not used during that calendar year, provided that the nurse makes an 26 irrevocable election of such cash out during open enrollment in the preceding 27 year. Such cash out will be paid at any time after the PTO to be cashed out 28 has accrued for the nurse during the calendar year, as a one-time lump sum 29 payment or as a per pay period amount, but in no event later than December
Payment and Cashout. PTO will be paid at the time of use at the nurse’s Appendix A hourly wage 29 rate on the nurse’s regularly scheduled shift and classification. All accrued but unused PTO will be 1 out up to the full amount of PTO hours the nurse has accrued but not used during that calendar year, 2 provided that the nurse makes an irrevocable election of such cash out in October of the preceding 3 year. Such cash out will be paid at any time after the PTO to be cashed out has accrued for the nurse 4 during the calendar year, as a one-time lump sum payment or as a per pay period amount, but in no 5 event later than December 31 of that year. The nurse must further designate when the one-time lump 6 sum payment is to be paid by the Hospital at least two (2) weeks prior to its disbursement. A nurse 7 is not required to cash out accrued PTO and may allow it to accumulate for future use or payment 8 upon termination, up to a maximum of 600 hours of PTO.
Payment and Cashout. PTO will be paid at the time of use at the nurse’s Appendix A hourly wage rate. Except in the event of PTO cash out, the inclusion of shift differential in said rate of pay shall be determined in accordance with the hours normally worked by the employee on the employee’s assigned shift. All accrued but unused PTO will be paid upon termination. In addition, while a nurse is employed at the Employer, the nurse may cash out up to the full amount of PTO hours the nurse has accrued but not used during that calendar year, provided that the nurse makes an irrevocable election of such cash out during open enrollment in the preceding year. Such cash out will be paid at any time after the PTO to be cashed out has accrued for the nurse during the calendar year, as a one-time lump sum payment or as a per pay period amount, but in no event later than December 31 of that year. The nurse must further designate when the one-time lump sum payment is to be paid by the Employer at least two (2) weeks prior to its disbursement. A nurse is not required to cash out accrued PTO and may allow it to accumulate for future use or payment upon termination, up to a maximum of 600 hours of PTO. ONA/PHMC Collective Bargaining Agreement February 1, 2020 April 1, 2024 through March 31, Page 48 202824
