Common use of Paid Time Off and Holidays Clause in Contracts

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty (120) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one hundred sixty (160) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty (120) hours or less, at which point Executive will again accrue PTO until he reaches one hundred sixty (160) hours. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 7 contracts

Samples: Employment Agreement (HealthLynked Corp), Employment Agreement (Innovative Software Technologies Inc), Employment Agreement (Innovative Software Technologies Inc)

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Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty (120) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one hundred sixty (160) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty (120) hours or less, at which point Executive will again accrue PTO until he reaches one hundred sixty (160) hours. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences...

Appears in 5 contracts

Samples: Employment Agreement (Innovative Software Technologies Inc), Employment Agreement (Innovative Software Technologies Inc), Employment Agreement (Innovative Software Technologies Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he Executive reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also three (3) paid sick days, six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board CEO excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. ExecutiveEmployee’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive Employee will be eligible for one hundred twenty four (1204) hours weeks of PTO/yearpaid time off (PTO)/year (160 hours), which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO paid time-off can be accrued beyond this annual limit and carried forward for any given employee at as of the anniversary of their employment date in any timegiven year. Thus, when accrued PTO reaches one two hundred sixty (160200) hours, Executive Employee will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, less - at which point Executive Employee will again accrue PTO until he reaches one two hundred sixty (160200) hours. In addition to PTOpaid time off, there are also six (6) paid national holidays and one two (12) “floater” day days available to Company employees. Executive Employee agrees to schedule such PTO paid time-off so that it minimally interferes with the Company’s operations. Such PTO does not include Board of Directors excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he Executive reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also six (6) paid national holidays and holidays, one (1) “floater” day and three (3) paid sick days annually available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty (12020) hours days (160 hours) of PTO/PTO per year, which will accrue on a pro-rata basis throughout beginning on the Effective Date and may be carried over from year to year, provided, however, that it . It is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when Executive’s accrued PTO balance reaches one two hundred sixty (160200) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he Executive reaches one hundred sixty (160) hours. Executive is eligible to use PTO after completing three (3) months of employment. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day floating holiday, and three (3) sick days available to Company employeesExecutive per calendar year. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board Company excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he she reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he Executive reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.. 3 Employee’s Initials/s/ M.M. Execution Copy

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

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Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty (160200) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue PTO until he reaches one two hundred sixty (160200) hours. In addition to PTO, there are also six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. ExecutiveEmployee’s paid time-off (“PTO“ PTO ”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive Employee will be eligible for one hundred twenty four (1204) hours weeks of PTO/yearpaid time off (PTO)/year (160 hours), which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO paid time-off can be accrued beyond this annual limit and carried forward for any given employee at as of the anniversary of their employment date in any timegiven year. Thus, when accrued PTO reaches one two hundred sixty (160200) hours, Executive Employee will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, less - at which point Executive Employee will again accrue PTO until he reaches one two hundred sixty (160200) hours. In addition to PTOpaid time off, there are also six (6) paid national holidays and one two (12) “floater” day days available to Company employees. Executive Employee agrees to schedule such PTO paid time-off so that it minimally interferes with the Company’s operations. Such PTO does not include Board of Directors excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue /s/ GC 2 PTO until he Executive reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also three (3) paid sick days, six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. Executive’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive will be eligible for one hundred twenty sixty (120160) hours of PTO/year, which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO can be accrued beyond this annual limit for any employee at any time. Thus, when accrued PTO reaches one two hundred sixty forty (160240) hours, Executive will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, at which point Executive will again accrue Employee Initials PTO until he Executive reaches one two hundred sixty forty (160240) hours. In addition to PTO, there are also three (3) paid sick days, six (6) paid national holidays and one (1) “floater” day available to Company employees. Executive agrees to schedule such PTO so that it minimally interferes with the Company’s operations. Such PTO does not include Board excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Paid Time Off and Holidays. ExecutiveEmployee’s paid time-off (“PTO”) and holidays shall be consistent with the standards set forth in the Company’s Employee Handbook, as revised from time to time or as otherwise published by the Company. Notwithstanding the previous sentence, Executive Employee will be eligible for one hundred twenty four (1204) hours weeks of PTO/yearpaid time off (PTO)/year (160 hours), which will accrue on a pro-rata basis throughout the year, provided, however, that it is the Company’s policy that no more than forty (40) hours of PTO paid time-off can be accrued beyond this annual limit and carried forward for any given employee at as of the anniversary of their employment date in any timegiven year. Thus, when accrued PTO reaches one two hundred sixty (160200) hours, Executive Employee will cease accruing PTO until accrued PTO is one hundred twenty sixty (120160) hours or less, less – at which point Executive Employee will again accrue PTO until he reaches one two hundred sixty (160200) hours. In addition to PTOpaid time off, there are also six (6) paid national holidays and one two (12) “floater” day days available to Company employees. Executive Employee agrees to schedule such PTO paid time-off so that it minimally interferes with the Company’s operations. Such PTO does not include Board of Directors excused absences.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

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