PTO Sample Clauses

The PTO (Paid Time Off) clause defines an employee's entitlement to take time away from work while still receiving their regular pay. This clause typically outlines how much PTO an employee accrues, the process for requesting time off, and any limitations or conditions on its use, such as blackout periods or carryover rules. Its core function is to ensure employees have a clear understanding of their leave benefits, promoting work-life balance and reducing disputes over time off.
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PTO. During the Term, the Executive is eligible to earn paid-time-off (“PTO”), to be accrued on a pro rata basis and subject to the terms and conditions of the Company’s policies and procedures relating to PTO.
PTO. Executive will be entitled to paid time off (PTO) in accordance with the Company’s PTO policy, with the timing and duration of specific days off mutually and reasonably agreed to by the parties.
PTO. Employee shall be entitled to paid time off ("PTO") in accordance with the Company's PTO policy in effect at the time the PTO is taken. In the event that the full PTO is not taken by Employee, no PTO time shall accrue for use in future years, except in accordance with the Company's then existing policy for the carry forward of accrued PTO.
PTO. During the Term, the Executive is eligible to earn up to four weeks of paid-time-off (“PTO”), to be accrued on a pro rata basis and subject to the terms and conditions of the Company’s policies and procedures relating to PTO.
PTO. Employee is eligible for PTO (paid time off) subject to the Employee Handbook.
PTO. Executive shall be entitled to paid time off in accordance with the Company’s policy applying to other similarly-situated executives, but in no event less than four (4) weeks of paid time off in each year during the Term.
PTO. Any Paid Time Off improvements regarding the replenishment of PTO that may be granted to all SHS employees shall also include SEIU members.
PTO. The Executive will be entitled to 176 hours of Paid Time Off ("PTO") annually, calculated from the Executive's anniversary date, during the term of this Agreement. No additional compensation will be paid for failure to take PTO.
PTO. PGY1 and PGY2 Resident Physicians have ten (10) days of paid annual paid time off. PGY3, PGY4 and PGY5 Resident Physicians have fifteen (15) days of paid annual paid time off.
PTO. Section 14.1 All Benefit Eligible Employees hired on or after October 10, 2014, shall be enrolled in the Employer’s Paid Time off (PTO) program which is in lieu of vacation and sick leave benefits. Section 14.2 PTO is designed to meet on a fair and equitable basis the individual employee’s need for personal time off or cash conversion while providing the employee with protection in the event of serious illness. Section 14.3 PTO hours may be used for vacation, illnesses, family emergencies, health or dental care, personal business and other elective absences. An employee shall be required to use available PTO time for absent days. Part time and casual LPN’s shall make themselves available to share in providing coverage for PTO absences. Section 14.4 Accrual of PTO starts with the date of hire. Employees are eligible to begin using accrued PTO immediately. PTO benefits are accrued on the basis of total hours paid. Complete Hours of Recognized Service Accrual Rate Per Hour Worked Annual Accumulation In Hours for 1.0 FTE Section 14.5 The maximum permitted accumulation in the PTO Bank will be one and one quarter (1 1/4) times the annual accrual. When the employee reaches the maximum permitted accumulation, the accruals then begin in the Reserve Bank until hours are used in the PTO Bank. When hours are used in the PTO Bank, accruals end in the Reserve Bank and begin again in the PTO Bank. Section 14.6 Requests for scheduled PTO that are intended as vacation time will be considered in the manner set forth in Section 11.6. Other requests for scheduled PTO time must be submitted to the manager or supervisor well in advance of the anticipated time off. Management shall respond to requests for time off in advance of the requested time off, in accordance with department guidelines. In the event of illness or emergencies, the employee is expected to provide as much advance notice of use of PTO as is possible. Managers may limit the granting of PTO to assure proper staffing levels. Section 14.7 Payment of PTO will be made at the employee’s regular rate of pay. PTO used will be considered as hours worked for the purpose of computing overtime. Full time LPNs who regularly work more than an eight (8) hour shift may use PTO hours equal to the number of hours they would have worked that day. Example: LPN works ten (10) hour days; PTO pay will be for ten (10) hours. Section 14.8 An employee may opt to transfer any or all of his/her excess hours on a one-for-one basis to the R...