Section 16 – PTO Cash Out Sample Clauses

Section 16 – PTO Cash Out. ‌ 5 Benefitted nurses may request PTO cash out twice (2 times) a year by 6 following the procedures of the Hospital’s established PTO cash out policy in 7 existence at the time of the request. Unless otherwise provided by law, the 8 PTO cash out will not include shift differential. An employee may donate up 9 to forty (40) hours of accrued PTO time per calendar year to another 10 employee to utilize as sick time, with the understanding that such donation 11 does not extend the forty (40)-hour limit for protected leave under the Oregon 12 Sick Leave law (OL 537, 2015).
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Related to Section 16 – PTO Cash Out

  • Compensatory Time Cash Out All compensatory time must be used by June 30th of each year. If compensatory time balances are not scheduled to be used by the employee by April of each year, the supervisor will contact the employee to review their schedule. The employee’s compensatory time balance will be cashed out every June 30th or when the employee:

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

  • Timing of Return or Disposition Data shall be returned or disposed of by the following date: As soon as commercially practicable By the following agreed upon date:

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