Transfer of PTO Sample Clauses

Transfer of PTO. Employees shall be allowed to transfer up to ten (10) days of their accrued PTO per calendar year to another employee of Employer at the employee's option, however, the donating employee must retain a minimum of five (5) days of accrued PTO in their own bank. Transfers of more than ten (10) days of accrued PTO will require authorization from Administration. PTO time shall be transferred in full day increments not to exceed forty (40) hours. Employees who receive transferred PTO time many not accrue accumulated PTO in excess of the accruals set forth in 10.3.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Transfer of PTO. Upon written authorization by the executive board of the GELC to the Human Resources Department, members of the unit may voluntarily transfer PTO time to another unit member. Said transfer shall only take place if both of the following criteria are met:
Sample 1Sample 2
Transfer of PTO. Employees shall be allowed to transfer up to ten (10) days of their accrued PTO per calendar year to another employee of Employer at the employee's option, however, the donating employee must retain a minimum of five (5) days of accrued PTO in their own bank. Transfers of PTO between nurses and members of the professional/technical bargaining unit earning different hourly rates will be converted to the amount of PTO for the receiving nurse or employee (i.e. , if the transferring nurse earns 20% more than the receiving nurse, then each of the transferring nurse's PTO hours will be converted to 1.2 hours of PTO for the receiving nurse. Transfers of more than ten (10) days of accrued PTO will require authorization from Administration. PTO time shall be transferred in full day increments not to exceed forty (40) hours. Employees who receive transferred PTO time many not accrue accumulated PTO in excess of the accruals set forth in 10.3.
Sample 1
Transfer of PTO. Upon written authorization from the Bargaining Unit President to the Human Resources Department, employees may voluntarily transfer or donate PTO to another employee. Transfers of PTO shall only be permitted where:
Sample 1

Related to Transfer of PTO

  • Transfer of Agreement Without prior written consent of the WFOE, the Existing Shareholders or the Domestic Company may not assign its rights and obligations hereunder to any third party.

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.

  • Transfer of Shares Shares shall be transferable on the records of the Trust only by the record holder thereof or by its agent thereto duly authorized in writing, upon delivery to the Trustees or a transfer agent of the Trust of a duly executed instrument of transfer, together with such evidence of the genuineness of each such execution and authorization and of other matters as may reasonably be required. Upon such delivery the transfer shall be recorded on the applicable register of the Trust. Until such record is made, the Shareholder of record shall be deemed to be the holder of such Shares for all purposes hereof and neither the Trustees nor any transfer agent or registrar nor any officer, employee or agent of the Trust shall be affected by any notice of the proposed transfer. Any person becoming entitled to any Shares in consequence of the death, bankruptcy, or incompetence of any Shareholder, or otherwise by operation of law, shall be recorded on the applicable register of Shares as the holder of such Shares upon production of the proper evidence thereof to the Trustees or a transfer agent of the Trust, but until such record is made, the Shareholder of record shall be deemed to be the holder of such for all purposes hereof, and neither the Trustees nor any transfer agent or registrar nor any officer or agent of the Trust shall be affected by any notice of such death, bankruptcy or incompetence, or other operation of law.

Time is Money Join Law Insider Premium to draft better contracts faster.