Payment of Unused Paid Time Off Sample Clauses

Payment of Unused Paid Time Off. (a) If an eligible employee is employed on the Paid Time Off Benefit payout date in the first quarter of the next payroll calendar year, and has unused Paid Time Off days from the prior year, those unused Paid Time Off days will be paid at the employee’s current primary job code rate. (b) If an employee moves from regular hourly status to another status such as casual on call, temporary, contract or salary between the last day of the payroll year and the Paid Time Off Benefit payout date in the first quarter of the next payroll calendar year, and the employee has unused Paid Time Off days from the prior payroll calendar year, then the employee will be paid the remainder of their days owing at their current primary job code. This payment will be processed before the employee transfers into their new position. (c) An employee’s participation in the Paid Time Off Benefit is meant to provide flexibility and is a benefit to employees. Since it is a benefit to retain and assist current employees, there is no entitlement or ‘value’ for employees who are leaving their employment. Upon the date an employee’s notice of resignation is received by the Company or upon involuntary termination of employment, an employee will not be eligible to take any unused Paid Time Off days or to receive the payout of any unused Paid Time Off days (including any unused days from the prior payroll year), if applicable.
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Payment of Unused Paid Time Off. ‌ If an eligible employee is employed on the Paid Time Off benefit payout date in the first quarter of the next payroll calendar year and has unused Paid Time Off days from the prior year, those unused Paid Time Off days will be paid at the employees current primary job code rate. If an employee moves from regular full-time hourly status to another status such as part-time temporary, or salary between the last day of the payroll year and the Paid Time Off benefit payout date in the first quarter of the next payroll calendar year, and the employee has unused Paid Time Off days from the prior payroll calendar year, then the employee will be paid the remainder of their days owing at their current primary job code. The payment will be processed before the employee transfers into their new position.
Payment of Unused Paid Time Off. Employees who voluntarily resign or are separated from employment in good standing will receive payment for 75% of their accrued and unused Paid Time Off at the time of separation. Employees who are eligible for and retire from Pasco County will receive 100% of their accrued and unused Paid Time Off at the time of their retirement. (For employees in the DROP program, please see additional provisions listed in the DROP policy). Employees dismissed for misconduct will not receive the accrued time, unless specifically recommended by the department manager and approved by the Director of Human Resources. Employees placed on layoff status will receive 100% pay for accrued Paid Time Off up to time of the layoff. New employees who have not completed their initial six (6) month probationary period will not be eligible for payment of leave, upon separation, and will have to pay back any PTO used during their initial six months out of their last paycheck in accordance with Federal law.
Payment of Unused Paid Time Off. Employees who voluntarily resign or are separated from employment in good standing will receive payment for 75% of their accrued and unused Paid Time Off at the time of separation. Employees who are eligible for and retire from Pasco County will receive 100% of their accrued and unused Paid Time Off at the time of their retirement. Employees dismissed for misconduct will not receive the accrued time, unless specifically recommended by the Fire Chief and approved by the Director of Human Resources. a. Employees placed on layoff status will receive 100% pay for accrued Paid Time Off up to time of the layoff. b. New employees who have not completed their initial six (6) month or one year probationary period will not be eligible for payment of leave, upon separation, and will have to pay back any PTO used during their initial six months out of their last paycheck in accordance with Federal law.
Payment of Unused Paid Time Off. Upon the termination of employment, all employees will be paid for their then accrued and unused Paid Time Off. If for any reason, an eligible employee has used more Paid Time Off days than available, Oxfam America will deduct the unearned days from the last paycheck, and the employee must reimburse Oxfam America for any remainder.
Payment of Unused Paid Time Off a. Employees who voluntarily resign or are separated from employment in good standing will receive payment for 80% of their accrued and unused Paid Time Off at the time of separation. Employees who are eligible for and retire from the Town of Davie will receive 100% of their accrued and unused Paid Time Off at the time of their retirement. (For employees in the DROP program, please see additional provisions listed in the DROP policy). Employees dismissed for misconduct will not receive the accrued time, unless specifically recommended by the department manager and approved by the Director of 2186 Human Resources. 2187

Related to Payment of Unused Paid Time Off

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • 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.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Time Off The company recognises that sufficient time off to attend to personal matters and for recreation are important to the employee’s wellbeing, job satisfaction and overall productivity. Accordingly, time off may be taken with the consent of the Company, which shall not be unreasonably withheld. In considering the approval to have time off, the Parties will have regard to the current works programme and the urgency of the reason for time off. In the event that time off is to be taken, it will be the employee’s obligation to advise the Company in advance or as soon as practicable on the day of absence, recognising that unplanned absences can cause costly disruption to programmed works and are a major source of annoyance for the company, other employees and clients. The object of offering flexible working hours is that in return employees will take very seriously their obligation to turn up when they are expected. In view of the disruption caused by unplanned and or notified absenteeism, repeated failure to observe the protocol for time off would constitute misconduct.

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