PTO Payout Sample Clauses

PTO Payout. Employees who resign and give 14 days’ notice shall be entitled to payment of all unused PTO hours, provided they have at least six months of continuous service. Employees who resign with less than 14 days of notice or who are terminated for cause shall not be entitled to payment of unused PTO hours upon termination. After one (1) year of continuous employment, employees will receive payment for fifty percent (50%) of unused, available PTO hours upon termination of employment.
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PTO Payout. An employee may cash out up to a maximum of 80 hours annually of accrued but unused PTO during June and/or December of each year, by notifying the County’s Human Resources Department in writing (or by e-mail) no later than the end of pay period 12 for a June payout and pay period 24 for a December payout. Such pay shall be at the employee’s straight time regular rate of pay at that time. Employees may elect to transfer such amounts into a County 401(k) or 457 account.
PTO Payout. Accrued PTO in excess of the collective bargaining agreement schedule will be paid off at the time of transfer.
PTO Payout. An employee may be eligible for payment of unused accrued PTO, up to a maximum of 120 hours (pro-rated based on budgeted hours), upon termination or employment or transfer to a position that is not eligible for PTO.
PTO Payout. All PTO shall be paid out at the regular rate of pay. Should an employee leave the Company for any reason prior to using their accrued PTO, employees shall be paid on the basis of accumulated hours.

Related to PTO Payout

  • Payout At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

  • Performance Incentives As a bonus, to supplement Head Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Head Coach knew or should have known. Head Coach must also complete the _________ [insert sport] season as Head [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Head Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

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