PTO definition
Examples of PTO in a sentence
Executive shall receive such other benefits, payments, or items of compensation as are provided under the employee benefit plans of Employer, or as are made available from time to time under compensation policies set by Employer for management employees of Employer having similar salary and level of responsibility; including, but not limited to, paid time off (“PTO”) based on years of service, as defined in Employer’s PTO policy.
Additionally, the Company will provide twenty-five (25) days of paid time off (“PTO”) to the Executive, in accordance with the Company’s PTO policy.
No additional compensation will be paid for failure to take PTO, except upon certain terminations of employment as set forth in Section 6 hereof.
The Executive’s ability to carry over unused PTO days from one fiscal year to the next, if any, shall follow Company policy in effect at the time.
Executive shall report PTO through the Company’s reporting system then in effect.