PTO definition
Examples of PTO in a sentence
During the Employment Period, Employee shall be eligible for the Company’s Open PTO Policy, in which Employee is afforded the flexibility to take time off as needed.
You acknowledge that the Company maintains a non-accrual PTO policy and as a result, you have no accrued but unused PTO that the Company is obligated to pay you upon your separation from employment.
Executive's accrual, usage, and rollover/payment of any accrued but unused PTO shall be subject to the terms and conditions established by Company, which Executive acknowledges and agrees may be modified or amended from time to time by Company.
As a result, Employee will not accrue vacation pay or other paid time off and this Open PTO Policy is considered an unlimited paid time off policy.
Regardless of whether Executive signs this Agreement, the Company will pay Executive all accrued wages and unused PTO and will reimburse Executive for legitimate expenses incurred on behalf of the Company, submitted in accordance with the Company’s expense reimbursement policy and approved by the Company’s Chief Executive Officer.