Common use of Payment of Unused Paid Time Off Clause in Contracts

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.

Payment of Unused Paid Time Off. (a) If an eligible hourly 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.