PTO Policy Sample Clauses
A PTO (Paid Time Off) Policy clause defines the rules and entitlements regarding employees' paid leave, such as vacation, personal days, or sick leave. It typically outlines how much PTO employees accrue, how and when it can be used, and any restrictions or procedures for requesting time off. This clause ensures both employer and employee have a clear understanding of leave entitlements, helping to prevent disputes and manage workplace attendance effectively.
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PTO Policy. The Company shall maintain its existing Unlimited Paid Personal Time Off Policy (the “PTO” Policy) for all full-time bargaining unit employees. Employees are encouraged to take time off pursuant to the Unlimited PTO policy. Full-time bargaining unit employees are encouraged to take at least twenty (20) days off per year. For purposes of clarity, it is the intent of the Parties that there shall be no payout of PTO, and there shall be no payout of PTO upon an employee’s separation from the Company. In accordance with the collective bargaining exemption contained in California Labor Code section 227.3, the Parties expressly intend that the PTO provisions in this Agreement constitute, and are to be treated as, a clear and unmistakable waiver of the termination-pay provisions that otherwise may be applicable under Labor Code section 227.3. Further, this third sentence of this paragraph shall be struck from the Agreement if existing federal, state or local law is enacted or interpreted, or new federal, state or local law is enacted or interpreted, that could require the payout of paid time off under an unlimited paid time off policy beyond the current legal requirements, based upon the sentence encouraging the use of PTO in a specific amount. No employee shall be disciplined or retaliated against for appropriately taking time off pursuant to the Unlimited PTO policy. Managers shall discuss and develop a coverage plan with an employee that is taking five (5) or more consecutive days of PTO. In addition, during the first and third quarter of each year, a senior leader from each vertical shall send a reminder to all full-time bargaining unit employees and their managers (both those in and out of the bargaining unit) within their team to submit requests for PTO, with particular emphasis on full-time bargaining unit employees who have not yet taken time off that calendar year. Within that same email, managers will be advised to remind employees to utilize the PTO policy, and shall attach this Article 24 to that email. The expectation that each full-time bargaining unit employee shall take paid time off to take vacation each calendar year is separate from the expectation that full-time bargaining unit employees may take paid time off if they are sick, for parental leave, family obligations, religious observations and other personal needs. Part-time bargaining unit employees will earn paid days off at a rate of one (1) day per month, up to twelve (12) days per calendar...
PTO Policy. The Company shall maintain its existing Unlimited Paid Personal Time Off Policy (the “PTO” Policy) for all full-time bargaining unit employees. Employees are encouraged to take time off pursuant to the Unlimited PTO policy. No employee shall be disciplined or retaliated against for appropriately taking time off pursuant to the Unlimited PTO policy. In addition, during the third quarter of each year, a senior leader from each vertical shall send a reminder to all full-time bargaining unit employees and their managers (both those in and out of the bargaining unit) within their team to submit requests for PTO, with particular emphasis on full- time bargaining unit employees who have not yet taken time off that calendar year. Within that same email, managers will be advised to remind employees to utilize the PTO policy. The expectation that each full-time bargaining unit employee shall take paid time off to take vacation each calendar year is separate from the expectation that full-time bargaining unit employees may take paid time off if they are sick for family obligations, religious observations and other personal needs. Each payroll period, part-time bargaining unit employees shall be paid, in addition to their regular wages, 5% of their gross wages in lieu of paid time off. This shall be in addition to the paid sick leave each calendar year that part-timers shall continue to receive (at least fifty-six (56) hours), per current Company policy. Additionally, the Company shall act in good faith to provide part-timers with reasonable opportunities to take unpaid time off.
PTO Policy. During the calendar year in which the Distribution Date occurs, each AI Employee shall be permitted under the relevant New AI Plan to accrue paid time off ("PTO") days calculated under the relevant AUSHC Health and Welfare Plan's PTO POLICY immediately before the Close of the Distribution Date, and to use such PTO days during such calendar year as if the Distribution Date had not occurred, or to carry over to the following calendar year five such PTO days.
PTO Policy. If the Parent shall, or shall cause the Surviving Corporation to, modify, amend or replace the PTO policy as in effect at the Effective Time (the “Existing PTO Policy”), any and all PTO time that has been banked consistent with the terms of the Existing PTO Policy shall either be (i) rolled over in full into the modified, amended or new PTO policy (the “New PTO Policy”), (ii) paid out in its entirety in a lump sum to affected Retained Employees within thirty days after the adoption of the New PTO Policy (or such shorter time as is allowable for payment under applicable Law) or (iii) partially rolled over and partially paid out, dependent on the terms of the New PTO Policy affecting the allowable magnitude of the rollover.