PTO PAY OUT Sample Clauses

PTO PAY OUT. Employees shall be afforded the opportunity to “sell” or cash out, up to 60 hours of accrued and available PTO at the end of the year at the hourly rate that they are then being paid. This pay out is provided in a regular payroll type check at the end of the following payroll period. Employees may choose either to roll over un-used hours under this policy or be paid out for them up to the maximum of 60 hours (or 40 hours on 8 hour shifts) 8 hours shift employees are bought out for the balance of the time (i.e., 20 hours). Unused emergency PTO hours may be rolled over up to a maximum of 40 hours in a year. The parties agree that absenteeism creates problems for the plant’s owners, customers and employees, and they agree to try to reduce and manage non-productive time. They agree that employees should be paid for time they work, as well as receiving a generous benefits package with Paid Time Off and other leave provided herein, but otherwise shall not be paid for time not worked. i) Bereavement Leave (Art 18), Paid Time Off (Article 29), Paid Holidays (Art.30), Jury and Witness Duty (Art 22), Union Business (Article 17), WSIB leave are do not count as “Occurrences” under the Company’s Attendance Policy. The company’s attendance policy is designed to prevent violations of company rules, not as an added benefit of days to which employees are entitled to take off. ii) Employees who need time off and wish to avoid an occurrence may do so by arranging time off under the terms of the Paid Time Off Program, or by requesting unpaid time off and scheduling it with the supervisor. Copies of the PTO policy are available in Human Resources. iii) Employees who have been absent due to medical reasons must consistently use the same clinic or doctor for any medical certification to justify their absence in so far as possible. They may use unpaid emergency leave added to Article 32 up to10 days for legitimate illnesses or other emergency leaves as defined by the Employment Standards Act. In order to remain eligible for such benefits, the beneficiary must be seen by a doctor or specialist designated by the company or carrier within15 - 30 days of the disability if possible. iv) The definition of “hospitalized” shall be: Where an employee remains in hospital “overnight “ or attends an accredited hospital and undergoes “Day surgery” (Day surgery is defined as an out-patient who undergoes a debilitating procedure or receives a general anesthetic)

PTO PAY OUT. When an employee goes from full-time to regular part-time or per diem, the employee will be paid out their accrued and available PTO. An employee whose employment has been terminated or resigns, and who has unused accrued PTO, will receive such pay in addition to any other pay due in their final check. All PTO payouts at the time of such status change or termination, either voluntarily or involuntarily, will be paid at the employee’s then current regular base hourly wage.

PTO PAY OUT