Payment of PTO Sample Clauses

Payment of PTO. 10.9.1 PTO will be paid at the time of use at the nurse’s straight-time hourly wage rate on the nurse’s regularly scheduled shift and classification. 10.9.2 All accrued but unused PTO will be paid upon termination. A nurse may also cash out up to the full amount of PTO hours the nurse has accrued but not used during the calendar year, provided that the employee makes an irrevocable election during open enrollment in the preceding year. Such cashout 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. Except as otherwise provided in this Article, a nurse is not required to cash out accrued PTO and may allow it to accumulate for future use or payment upon termination.

Payment of PTO. PTO will be paid at the time of use at the nurse’s regular wage rate, which includes shift differential the nurse would have received if he or she had worked the shift(s). All accrued but unused PTO will be paid upon termination at the nurse’s straight time rate of pay. A nurse may also elect, on an irrevocable basis during open enrollment of the preceding year, to cash out PTO up to the number of PTO hours the nurse is anticipated to accrue during the calendar year. Such cash out will be paid at any time after the PTO to be cashed out has accrued during the calendar year.

Payment of PTO. 13 10.10.1 PTO will be paid at the time of use at the nurse’s straight-time 14 hourly wage rate on the nurse’s regularly scheduled hours and classification. 16 10.10.2 All accrued but unused PTO will be paid upon termination. A 17 nurse may also cash out up to the full amount of PTO hours the nurse has 18 accrued but not used during the calendar year, provided that the employee 19 makes an irrevocable election during open enrollment in the preceding year. 20 Such cashout will be paid at any time after the PTO to be cashed out has 21 accrued for the nurse during the calendar year, as a one-time lump sum payment 22 or as a per pay period amount, but in no event later than December 31 of that 23 year. Except as otherwise provided in this Article, a nurse is not required to cash 24 out accrued PTO and may allow it to accumulate for future use or payment upon 25 termination. Page 48 of 121 Date Accepted / / Accepted by XXX Accepted by Employer

Payment of PTO. 14.1.8.1 Payment for unused accrued PTO time will be made to regular full time/part time/weekend package nurses who have completed the three (3) month eligibility requirement in the following circumstances only: - In the case of a nurse leaving employment at the medical center, provided he/she has given appropriate notice. - In the case of a nurse who has involuntarily separated employment. - In the case of a full or part-time nurse or who transfers to PRN (relief) status. - In the case of a FT nurse who transfers to PT or Weekend Package status, the nurse may elect to retain one-half (1/2) of their accumulated PTO hours, up to 80 hours. The remaining PTO hours will be paid. - Upon the death of a nurse, accrued PTO will be paid to the estate of the deceased person. 14.1.8.2 The medical center requires nurses take PTO and will not allow payment for accrued PTO hours except upon termination with proper notice and in accordance with Section 14.1.8.7 of this Article. 14.1.8.3 In the event a nurse who has previously scheduled and taken at least one full shift of PTO during a pay period is called in to work an additional shift by the manager/designee of the department because of staffing issues within the unit/department, the nurse will be allowed to take PTO hours above the budgeted hours for their position. Nurses may elect to have the PTO hours taken off their timecard and use another time, if they choose. Nurses must have met their (3) month eligibility period to qualify for this benefit. This should be utilized on an emergency need only as the purpose of PTO is to allow nurses time away to rest and relax. In the event of a pre-scheduled time-off for at least one entire shift, eligible nurses may elect to take an additional one (1) hour of PTO, from their accrued balance, above their regularly scheduled hours if they are regularly scheduled on shifts between 1500 and 0730. 14.1.8.4 Nurses who leave prior to three (3) months of employment and nurses giving inadequate separation notice will not be paid for any accumulated PTO. (See Separation of Employment Policy). 14.1.8.5 PTO benefits used shall not be considered as hours worked in the computation of overtime. 14.1.8.6 All accrued PTO shall be used before unpaid time will be granted. Exceptions are staff reduction and military leave. 14.1.8.7 PTO Sell-back. Employees with at least five (5) years of consecutive service with the Employer and who have at least 272 PTO hours accrued may “sell back” up to five (5...

Payment of PTO. PTO accrual begins on the first full pay period following date of employment. PTO hours accrue each pay period based on compensated hours. The amount of PTO accrued (balance) and the amount of PTO used in the previous pay period will appear on -weekly paycheck stubs. Employees do not accrue PTO while on suspension, PTO, holiday, bereavement leave, jury duty or a paid or unpaid leave of absence (including, but not limited to, FMLA), or during Short- Term Disability, Long- Length of service determines the rate at which employees will accrue PTO. An employee becomes eligible for the new higher accrual rate on the first day of the pay period following the t rate of pay. Pre-scheduled PTO is compensation. Limits are imposed on the amount of PTO that can be maintained as a balance. Employees are not allowed to accrue PTO beyond the defined maximum accrual cap. This encourages employees to use their PTO and allows the Employer to manage its financial obligations responsibly. Once an employee reaches his/her cap, he/she will not accumulate any more PTO until he/she uses some of the time in the account and drops below the cap. After the balance falls below the cap, an employee will once again begin accruing PTO; however, an employee will not receive retroactive credit for time worked while at the cap limit. Employees who have already accrued their annual maximum accrual will no longer accrue PTO until following calendar year. Employees may carry over unused PTO balances to the next calendar year, up to a maximum carry-over of 80 hours. ACCRUAL SCHEDULE* - EMPLOYEE CLASSIFICATION: FULL-TIME 80 HOURS PER PAY PERIOD Years of Service Accrual Rate Per Work Hour Maximum Annual PTO Accrual Maximum Carry-Over PTO Cap [Accrual + Carry- Over] 0-2 .07298 (13 Days) 104 Hours 80 Hours 168 Hours 3-8 .10105 (18 Days) 144 Hours 80 Hours 9-19 .12912 (23 Days) 184 Hours 80 Hours 20+ .15719 (28 Days) 224 Hours 80 Hours *The maximum available PTO accrual includes the three additional holidays previously included in the Holiday article of this Agreement. **Annual PTO is reached over a period of nineteen (19) bi-weekly pay periods Employees carrying PTO balances may not opt to take excused absences without pay in lieu of PTO or for purposes of saving accrued PTO. With the exception of pre-planned PTO scheduled prior to January 1 for that year, employees with insufficient PTO balances to cover requested periods of time off may be granted excused time off only at the discretion of managem...

Payment of PTO. 10.9.1 PTO will be paid at the time of use at the nurse’s straight-time hourly wage rate on the nurse’s regularly scheduled shift and classification. 10.9.2 All accrued but unused PTO will be paid upon termination. A nurse may also cash out up to the full amount of PTO hours the nurse has accrued but not used during the calendar year, provided that the employee makes an irrevocable election during open enrollment in the preceding year. Such cashout will be paid at any time after the PTO to be cashed out has accrued for the nurse