Paid Time Off Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: SERVICE YEARS& WORKDAY EQUIVALENT TOTAL YEARLY ACCRUAL IN WORKDAYS HOURLY ACCRUAL FACTOR PER PAY PERIOD 1st year1st through 261 days 19 5.846 2nd through 4th year 262 through 1,044 days 21 6.461 5th through 9th year 1,045 through 2,349 days 25 7.692 10th through 14th year 2,350 through 3,654 days 27 8.307 15th through 19th year 3,655 through 4,959 days 29 8.923 20th and thereafter4,960 days 31 9.538
Paid Time Off Accrual. To be used for employee’s illness, family illness, vacation, family emergencies or other personal business.
Paid Time Off Accrual. RNs participating in the PTO program shall accrue PTO hours from the date of hire, however during the first 90 days of employment PTO 10 may only be used for absence on a Hospital-recognized holiday (New Year's 11 Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, 12 Christmas Day).
Paid Time Off Accrual. Paid Time Off may be accrued up to a maximum of one (1) times the annual rate of accrual. New employees will begin to accrue hours on their date of hire. They are eligible to begin using their Paid Time Off hours after they complete their probationary period. Employees on an unpaid leave will not accrue Paid Time Off hours until they return to active employment. Employees on paid leave will continue to accrue Paid Time Off hours. Paid Time Off hours are not counted as hours worked for purposes of receiving overtime pay.
Paid Time Off Accrual. PTO is a benefit granted to employees to continue normal compensation during approved absences. All full-time regular employees shall accrue PTO at the following annualized accrual rates. During the first year 200 hours of leave per year After the 1st year through 2 years 208 hours of leave per year After the 2nd through 4 years 216 hours of leave per year After the 4th through 9 years 232 hours of leave per year After the 9th through 14 years 264 hours of leave per year After the 14th through 20 years 296 hours of leave per year After 20th year through 29 years 312 hours of leave per year After 29th year 320 hours of leave per year Any regular part-time employees shall accrue PTO leave pro-rated to match the FTE percentage and adjusted by actual hours worked. PTO accrues on a pay period basis and is not available for use during the pay period in which it is accrued. PTO will only accrue when the employee is in paid status (working or using accrued paid leave) for at least forty (40) hours in the pay period, unless accrual is required to comply with the State paid sick leave law.
Paid Time Off Accrual. There is no accrual of paid time off credit while on a unpaid leave of absence. Credit will be given for the employee's total length of service which is continuous with the Company, and other predecessor Contractors who performed similar work at Stennis Space Center.
Paid Time Off Accrual. No later than December 31, 2006, each Acquired Company shall pay to its respective employees (and properly reflect on its consolidated financial statements) the cash value of any accrued Paid Time Off in excess 200 hours such that, as of the Closing Date, no Continuing Employee shall remain entitled to accrued Paid Time Off in excess of 200 hours.
Paid Time Off Accrual. Paid time off will accrue as follows:
