Common use of PTO Cash Out During Continued Employment Clause in Contracts

PTO Cash Out During Continued Employment. After one year of continuous employment, nurses may cash out PTO at eighty-five percent (85%) of the value based on the nurse’s base rate of pay, including BSN/certification pay, permanent charge nurse pay, and shift differential for personnel permanently assigned to evening or night shifts, excluding overtime, standby pay, and/or other premium pay allowances, at the time the request is made.

PTO Cash Out During Continued Employment. After one year of continuous employment, nurses Nurses may cash out PTO at eighty-five percent (85%) % of the value based on which shall be paid at the nurse’s base rate of pay, including BSN/certification pay, permanent charge nurse pay, and shift differential for personnel permanently assigned to evening or night shifts, excluding overtime, standby pay, and/or other premium pay allowances, at the time the request is made.

PTO Cash Out During Continued Employment. After one year of continuous employment, nurses Nurses may cash out PTO at eighty-five percent (85%) of the value based on which shall be paid at the nurse’s base rate of pay, including BSN/certification pay, permanent charge nurse pay, and shift differential for personnel permanently assigned to evening or night shifts, excluding overtime, standby pay, and/or other premium pay allowances, at the time the request is made.

PTO Cash Out During Continued Employment. After one year of continuous employment, in each calendar quarter thereafter, nurses may cash out sixty (60) hours of PTO at eighty-five percent (85%) of the value based on the nurse’s base rate of pay, including BSN/certification pay, permanent charge nurse pay, and shift differential for personnel permanently assigned to evening or night shifts, excluding overtime, standby pay, and/or other premium pay allowances, at the time the request is made.