Salary and PTO Clause Samples
The "Salary and PTO" clause defines the employee's compensation and entitlement to paid time off. It typically outlines the base salary amount, payment frequency, and the number of days or hours of paid leave the employee is eligible to take each year, such as vacation or personal days. This clause ensures both parties have a clear understanding of the financial and leave benefits provided, helping to prevent misunderstandings regarding pay and time off entitlements.
Salary and PTO. On the Termination Date, the Company will pay you $ (less all applicable withholding taxes and other deductions). This amount represents all of your salary earned through the Termination Date and all of your accrued but unused PTO, as well as bonus payments, if any, that are due in accordance with the applicable bonus plans. You acknowledge that, if you did not execute this Agreement, you would not be entitled to receive any additional money from the Company. The only payments and benefits that you are entitled to receive from the Company in the future are those specified in this Agreement.
Salary and PTO. On Executive’s last day of employment, Executive received all salary and paid time-off (PTO) payable through that date.
Salary and PTO. On Executive's last day of employment, Executive received all salary and paid time-off (PTO) payable through that date, or at Employee's option, postponed payment of the PTO until after the Severance Delay Period, but in all events no later than March 15, 2017.
Salary and PTO. On the Separation Date, Executive will receive all his salary and accrued but unused paid time-off (PTO) payable through the Separation Date.