PTO Bank Sample Clauses

PTO Bank. Employees may carry earned, available PTO from pay period to pay period, and into each new calendar year.

PTO Bank. Edgewood will continue to maintain a PTO bank as described in the employee handbook.

PTO Bank. Bargaining unit employees may donate PTO into the “PTO Bank.” Donations do not carry any cash value and are voluntary. Donations must be made in increments of four (4) hours. Employees wishing to donate PTO to the PTO Bank must submit a written request on a County- approved form. The County shall maintain records of all PTO donated to or withdrawn from the PTO Bank. When a bargaining unit employee has or will have exhausted all accrued PTO, then the employee may file a request to withdraw leave from the PTO Bank with the Association. The Association’s Board of Directors shall review the employee’s request and make a determination. If the Association’s Board of Directors approves withdrawing leave from the PTO Bank, the Association shall submit a written request on a County-approved form for PTO to be withdrawn from the PTO Bank and transferred to the employee. Withdrawals must be made in increments of four (4) hours.

PTO Bank a. Each employee also has a bank of paid time off referred to as the PTO Bank. Each January 1st additional time will go into the PTO Bank as set forth in Article XI (Vacation Schedule). b. All time placed in the PTO Bank must be used in the year earned. All PTO time will be selected by employees prior to January 1 for the following calendar year, subject to the approval of the Chief or designee as per current practice. The PTO Bank resets to zero at the end of each calendar year. The sole exceptions to this rule are as follows: i. When an employee was unable to utilize the hours in the PTO Bank because the employee was on Workers Compensation for at least 90 days between September 1 and December 31 of the year in question, which resulted in the employee’s inability to utilize the PTO Bank hours by the end of the calendar year, the employee shall be able to carry over a maximum of 100 hours into the next calendar year, which must then be utilized by the employee within 90 days of his or her return to work; or ii. When the employee can demonstrate that a written request was made to utilize time off from the PTO Bank between October 1 and December 31 and that such request was rejected by the Supervisor, then the employee will be able to carry over the number of hours that were requested and denied during this timeframe up to a maximum of 48 hours c. Unused accumulated time remaining in an employee’s PTO Bank from the current calendar year (or time carried over into the current year pursuant to subsection (b)(i) or (b)(ii) above) shall be paid at 100% to the employee at the time of retirement, any separation, or death (upon application by the appropriate authority on behalf of the employee’s estate). The PTO shall be paid at the employee’s prevailing wage rate. The PTO shall be paid as a lump sum unless the employee and the Township agree to an alternate arrangement (i.e. payment in installments).