Period of Payment 12.10.1 Accident pay does not apply in respect of any injury during the first 5 normal workings days of incapacity.
Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.
Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.
Sick Leave Payment Any employee, at his/her option may choose to receive payment for sick leave earned during the year which is unused at the end of the year. Any such payment must be for the total number of unused sick leave hours earned during the year, must be based on the hourly rate of pay of the employee multiplied by 50 percent, and all hours for which payment is received must be deducted from the employee’s accumulated leave balance. Sick leave used during a current year will be charged against the most recently earned sick leave. Hourly rate of pay is the hourly rate at the end of the contract year.
Holiday Payment 4.1 Where an employee works on a holiday specified in Article 47 (Holidays) and opts for compensating leave under Article UN13.2 or COR13.2, he or she may elect, at that time, to receive, in addition to his or her entitlement under Article UN13.2 or COR13.2, further leave equal to the difference between the number of hours in the employee’s normal work day and his or her entitlement under Article UN13.2
Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.
Deduction from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days absent for sick leave.
Paid Sick Leave Employees shall earn and be granted paid sick leave according to the following provisions:
Callback from Vacation (a) Employees who have commenced their annual vacation shall not be called back to work, except in cases of extreme emergency.
Unpaid Time Off All accruals must be exhausted prior to taking unpaid time off (unless eligible for EIT access).
