Common use of PTO Payout Clause in Contracts

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. 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 including 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. 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 occur in the pay period following the employees’ request and 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.