Borrowing PTO Clause Samples
The Borrowing PTO clause allows employees to use paid time off (PTO) before they have fully accrued it. In practice, this means an employee may request and take leave in advance, with the borrowed days being deducted from future PTO accruals as they are earned. This clause provides flexibility for employees who need time off unexpectedly, while also ensuring that the employer can track and recover the advanced leave over time.
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Borrowing PTO. With Company approval, an employee with five (5) or more years of service may borrow up to five (5) PTO days forty (40) hours from the employee's PTO allotment for the following year. Borrowed PTO may only be used for Short Term Disability absences occurring later in the year (during the months of October, November or December).