Common use of PTO Accrual/Pay Out Clause in Contracts

PTO Accrual/Pay Out. Payment of PTO after six (6) months of employment will be limited to the employee’s earned PTO balance. Payments of PTO may result in negative balances during the first six (6) months of employment. This practice will be allowed only for nationally observed legal holidays as described in Section B of this Article. Part-time employees will be paid the greater of their PTO balance (up to eight hours) or four (4) hours for nationally observed legal holidays as described in Section B of this Article that occur during the first six

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

PTO Accrual/Pay Out. Payment of PTO after six (6) months of employment will be limited to the employee’s earned PTO balance. Payments of PTO may result in negative balances during the first six (6) months of employment. This practice will be allowed only for nationally observed legal holidays as described in Section part B of this Article. Part-time employees will be paid the greater of their PTO balance (up to eight hours) or four (4) hours for nationally observed legal holidays as described in Section part B of this Article that occur during the first sixsix (6) months of employment.

Appears in 1 contract

Samples: Agreement

PTO Accrual/Pay Out. Payment of PTO after six (6) months of employment will be limited to the employee’s earned PTO balance. Payments of PTO may result in negative balances during the first six (6) months of employment. This practice will be allowed only for nationally observed legal holidays as described in Section B 19.2 of this Article. Part-Part- time employees will be paid the greater of their PTO balance (up to eight hours) or four (4) hours for nationally observed legal holidays as described in Section B 19.2 of this Article that occur during the first sixsix (6) months of employment.

Appears in 1 contract

Samples: nuhw.org

AutoNDA by SimpleDocs

PTO Accrual/Pay Out. Payment of PTO after six (6) months of employment will be limited to the employee’s earned PTO balance. Payments of PTO may result in negative balances during the first six (6) months of employment. This practice will be allowed only for nationally observed legal holidays as described in Section B of this Article. Part-time employees will be paid the greater of their PTO balance (up to eight hours) or four (4) hours for nationally observed legal holidays as described in Section B of this Article that occur during the first sixsix (6) months of employment.

Appears in 1 contract

Samples: Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!