Common use of PTO CASH-OUT ON SEPARATION OF EMPLOYMENT Clause in Contracts

PTO CASH-OUT ON SEPARATION OF EMPLOYMENT. Upon separation of employment, if the employee has been employed for a minimum of six (6) months, any accrued leave shall be paid at the rate for any paid personal time off. If an employee forfeits his or her PTO because he or she was not employed for at least six (6) months, and if said employee is then rehired within twelve months of separation, then previously accrued, unused PTO shall be reinstated if the employee reached the ninetieth (90th) calendar day of employment prior to separation. If said employee did not reach the ninetieth (90th) calendar day of employment prior to separation, the previous period of employment will be counted for purposes of determining the date upon which the employee is entitled to use PTO. Employees who are discharged for cause will not be paid any accrued and unused PTO. Employees who fail to give fourteen (14) calendar days’ notice or fail to work their schedule during the notice period will have any accrued and unused PTO cash out reduced up to a maximum of fourteen (14) calendar days. The amount of the reduction will be based on the number of days of notice less than fourteen (14) calendar days or the unworked schedule during the notice period. The Employer in its sole discretion can waive the PTO cash-out reduction.