Common use of Redemption of PTO Clause in Contracts

Redemption of PTO. A. Upon termination or transfer to a non-benefit position, 100% of the employee’s PTO balance will be paid. The payoff rate will be at the employee's current straight-time base hourly rate.

Redemption of PTO. A. Upon termination or transfer to a non-benefit benefited position, 100% of the employee’s entire PTO balance will be paid. The payoff rate at which such hours are paid will be at the employee's current straight-time ’s base hourly raterate immediately prior to the transfer or termination.

Redemption of PTO. A. Upon termination or transfer to a non-benefit benefited position, 100% of all PTO balances will be paid out to the employee’s PTO balance will be paid. The payoff rate will be at the employee's ’s current straight-time base hourly raterate at time of termination or before transfer status.

Redemption of PTO. A. Upon termination or transfer to a non-benefit position, 100% of the employee’s PTO balance will be paid. The payoff rate will be at the employee's ’s current straight-time base hourly rate.

Redemption of PTO. A. Upon termination or transfer to a non-benefit position, 100% of the employeeEmployee’s PTO balance will be paid. The payoff rate will be at the employee's Employee’s current straight-time base hourly rate.