Common use of Paid Time Off Program Clause in Contracts

Paid Time Off Program. The Paid Time Off (PTO) program provides eligible nurses with appropriate compensation during holidays, vacation time, and periods of treatment or illness of the nurse, or of a spouse or spousal equivalent, or a dependent child, pursuant to the requirements of this Article and subject to related Employer policies. The purpose is to allow each eligible nurse to utilize PTO as the nurse determines best fits the nurse’s personal needs or desires. PTO applies to nurses with an FTE status of .5 and above. Per Diems and nurses with an FTE status of less than .5 shall be paid time and one-half (1½x) when a recognized holiday, defined herein by Section 9.7, Work on Holidays, is worked.