Common use of PTO Payout Clause in Contracts

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.

Appears in 4 contracts

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

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PTO Payout. Employees who resign and give 14 days’ not less than fourteen (14) calendar days written notice shall be entitled of intended resignation, or who are laid off pursuant to payment this agreement, are eligible to receive a maximum payout of all 240 accrued, 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 Temporary employees forfeit all 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.

Appears in 1 contract

Samples: Labor Agreement

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