Elective Cash Out Provision Sample Clauses

Elective Cash Out Provision. Employees may request cash out PTO hours at one hundred percent (100%) of their current base hourly rate, minus applicable taxes, according to the following procedure: a. Employee has successfully completed the new employee orientation period. b. A cash out may occur twice a calendar year; once in the first pay period in December and once at the discretion of the nurse. c. PTO cash outs are not allowed if the employee has given their resignation. d. A PTO donation request (as described below) will not be approved if it occurs within thirty