Common use of Transfer of PTO Clause in Contracts

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.

Transfer of PTO. Employees shall be allowed to transfer up to ten five (105) 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 only shall be transferred in full day increments not to exceed forty (40) hours. Employees who receive transferred PTO time many may not accrue accumulated PTO in excess of the accruals set forth in 10.3.