ACCRUAL OF PAID TIME OFF Sample Clauses

ACCRUAL OF PAID TIME OFF. Paid time off benefits will be paid out as follows: Permanent full-time employees will earn paid time off at the rate of twenty-four (24) days (192 hours) per year, accruing from the first day of initial work. Employees shall not be allowed to take paid time off during the probationary period unless authorized by the Chief Executive Officer. Beginning with fourth (4th) anniversary of regular employment, employees shall earn paid time off at the rate of twenty-seven (27) days (216 hours) per year. Employees may not accrue more than 336 hours of unused paid time off at any time except the accrual shall be increased to 480 hours for those employees who are planning a maternity/paternity leave, provided that the Payroll Department is notified by the employee, in writing, when the employee or spouse or domestic partner becomes pregnant. The increased amount of PTO hours may be used only for maternity/paternity leaves. Any unused accrued paid time-off in excess of this limitation shall be forfeited, unless prior approval is given by the Executive Director for excess accruals based upon the Employer’s needs. TA 3/21/17
AutoNDA by SimpleDocs
ACCRUAL OF PAID TIME OFF. All employees shall accrue one (1) hour of Paid Time Off (PTO) for every twenty-five (25) hours worked. Effective June 1, 2019, all employees shall accrue one (1) hour of Paid Time Off (PTO) for every twenty-three (23) hours worked.
ACCRUAL OF PAID TIME OFF. A3.2. PTO shall accrue at the rate of 4.177 hours per week; there is no accrual for overtime. Accrual continues during periods of PTO. There is no accrual for any period of unauthorised or unpaid absence.
ACCRUAL OF PAID TIME OFF. ‌ All full-time employees will begin accruing PTO after 60 days of continuous work with the Employer and continue accruing PTO thereafter unless interrupted by a leave of absence or termination of employment. Upon return from an unpaid leave of absence, they will begin accruing PTO again. All Regular employees will stop accruing PTO when they have accrued 120 hours of PTO. Any previously accrued ETO will be counted towards the 120 hours of PTO. Once this maximum accrual amount has been reached, no additional PTO will be earned until previously accrued PTO is used. There will be no retroactive grant of PTO for the period of time that the accrued PTO accrual was at the maximum accrual amount.
ACCRUAL OF PAID TIME OFF. Paid time off begins accruing immediately but may not be used until after sixty (60) days of employment.
ACCRUAL OF PAID TIME OFF. Unused PTO may accumulate up to one hundred twenty (120) days. A certified employee who notifies the district of their retirement on or before January 15th at the time of retirement shall be entitled to receive compensation for accrued PTO leave up to a maximum of 30 days at the staff member's Per Diem Rate of pay. A certified employee who notifies the district of their resignation on or before January 15th at the time of resignation after ten (10) or more years of service with the district, shall be entitled to receive compensation for accrued PTO leave up to a maximum of 30 days at the substitute teacher daily rate of pay. In the case of the death of an employee, the unused leave will be paid to the employee’s designee. Any employee who is terminated for cause will forfeit all rights to the accumulated leave payment option.

Related to ACCRUAL OF PAID TIME OFF

  • Accrual of Vacation Leave a. Eligible employees hired or rehired and working on a full-time permanent basis shall earn vacation leave based on months of service at the following rates for each pay period: HOURS PER MONTHS SERVICE PAY PERIOD ACCRUED 0-24 3.08 25-96 4.62 97-180 5.54 181 and over 6.15

  • Accrual of Sick Leave a. A full-time employee shall accrue four (4) hours of sick leave for each biweekly pay period, or the number of hours that are directly proportionate to the number of days worked during less than a full-pay period, without limitation as to the total number of hours that may be accrued.

  • Accrual of Annual Leave (1). Full-time employees appointed for more than nine (9) months, except employees on academic year appointments, shall accrue annual leave at the rate of 6.769 hours biweekly or 14.667 hours per month (or a number of hours that is directly proportionate to the number of days worked during less than a full-pay period for full-time employees), and the hours accrued shall be credited at the conclusion of each pay period or, upon termination, at the effective date of termination. Employees may accrue annual leave in excess of the year end maximum during a calendar year. Employees with accrued annual leave in excess of the year end maximum as of December 31, shall have any excess converted to sick leave on an hour-for-hour basis on January 1 of each year.

  • Accrual of Leave (a) An employee’s entitlement to paid recreation leave accrues progressively during a year of service according to the employee’s ordinary hours of work.

  • Accrual of Benefits An employee may accrue benefits for thirty (30) days during a leave of absence.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Accrual of Dividends For all Accounts, dividends will begin to accrue on noncash deposits (e.g., checks) on the business day you make the deposit to Your Account.

Time is Money Join Law Insider Premium to draft better contracts faster.