Common use of PTO Cash Out Option Clause in Contracts

PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty (40) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (60) hours of their PTO balance such that their balance does not drop below eighty (80) hours.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty (40) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (60) hours of their PTO balance such that their balance does not drop below eighty (80) hours.

Appears in 2 contracts

Samples: Union Representation Agreement, Collective Bargaining Agreement

PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty (40) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (6080 ) hours of their PTO balance such that their balance does not drop below eighty (80) hours. 9.7.1 During November of each year, an additional cash out period shall be had but only PTO-WS may be cashed out.

Appears in 1 contract

Samples: Employment Agreement

PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty (40eighty( 80) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (60) hours of their PTO balance such that their balance does not drop below eighty (80) hours. 9.7.1 During November of each year, an additional cash out period shall be had but only PTO- WS may be cashed out.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty (40) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (60) hours of their PTO balance such that their balance does not drop below eighty (80) hours. 9.7.1 During November of each year, an additional cash out period shall be had but only PTO-WS may be cashed out.

Appears in 1 contract

Samples: Union Representation Agreement

PTO Cash Out Option. During February and August of each year, employees with a PTO balance greater than eighty (80) hours may choose to cash out up to forty eighty (4080) hours of their PTO balance such that their balance does not drop below eighty (80) hours. Employees assigned to the 24 Hour Weekend Schedule may choose to cash out up to sixty (60) hours of their PTO balance such that their balance does not drop below eighty (80) hours. 9.7.1 During November of each year, an additional cash out period shall be had but only PTO-WS may be cashed out.

Appears in 1 contract

Samples: Union Representation Agreement

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