PTO Cash Out. Non-probationary employees who terminate shall be paid for all unused, accrued paid time off. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.
PTO Cash Out. Employees can opt to receive a PTO cash out pursuant to the Employer policy and applicable state and federal requirements.
PTO Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out up to forty (40) hours of Paid Time Off (PTO). In order to convert such PTO to cash, the employee must, during open enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER online, the specific number of PTO hours requested for cash out. The EMPLOYER shall cash out such PTO at a designated time the year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 12A - SICK LEAVE (EMPLOYEES NOT PARTICIPATING IN PTO)
PTO Cash Out. The Employer agrees to allow bargaining unit employees the ability to cash out or donate PTO and/or PTO-Safe Sick in the same manner as other PMJCC non-contract employees. In the event the Employer modifies the current manner in which PTO and/or PTO-Safe Sick is cashed out, the Employer will notify the Union at least thirty (30) days prior and, upon request, bargain over the effects of such changes.
PTO Cash Out. Cash out of PTO will be in accordance with SHS policy and applicable law. Employees may make cash out elections once per year in the month of November for actual cash out to take effect once per quarter in any or all of the four (4) quarters of the following year employees may cash out a maximum of one hundred sixty (160) hours per year.
PTO Cash Out. Full-time and part-time employees, who complete twelve (12) months of service, upon voluntary termination of employment are eligible to cash out maximum of 80 hours of earned, unused Paid Time Off. Employees with less than twelve (12) months of full-time or part-time services are not eligible for PTO cash out. All accrued and unused PTO will be paid out at 100% for separation due to:
PTO Cash Out. Employees who have been continuously employed for one (1) year may request one cash-out per calendar year of up to 80 hours of accrued PTO. PTO cash out must be made in whole hour increments and the employee must retain a minimum of eighty (80) hours in their PTO to be eligible for cash out. PTO cash outs will be made on regularly scheduled pay days. Requests for cash-out must be made at least four (4) weeks prior to the desired cash out and submitted to Human Resources on a KVH PTO Cash-Out form. PTO cash out shall be made at the employee’s base rate of pay in effect at the time the cash-out form was submitted.
PTO Cash Out. PTO shall be cashed out in two circumstances: (1) upon termination of employment (resignations are subject to proper written notice), when all accrued and unused PTO will be cashed out; and (2) according to policy C P G H .1 02 .5 60 ( HR-512), Paid Time Off (PTO) Cash-Out Options. All PTO hours cashed out are paid at the nurse's base rate of pay not including any pay differentials.
PTO Cash Out i. An employee may elect to sell back accrued vacation leave at the then current base rate of pay. Employees may cashout vacation under procedures established by the Human Resources Department. In lieu of cash, an eligible employee may designate that part or all of the value of vacation time to be sold back is allocated to a deferred income plan if such a plan is approved by the District and credit for vacation time is allowed under the plan. In order to sell back vacation leave prior to termination or retirement, an employee may exercise the following options.
PTO Cash Out. A Flight Attendant whose PTO balance is 32 or more days at the end of any calendar year and who elected in the previous calendar year to cash out a specified number of PTO days in excess of 31 shall receive cash according to her election for up to the number of PTO days accrued during the applicable calendar year less the number of PTO days utilized as sick days or personal days during the applicable calendar year; provided, that a Flight Attendant’s PTO Bank may not fall below 31 days as a result of any cash out (e.g., a Flight Attendant with 33 PTO days may cash out up to 2 days, a Flight Attendant with 39 PTO days may cash out up to 8 days, or a Flight Attendant with 52 PTO days may cash out up to 12 days). For each day “cashed out” under this subsection the Company will deduct one day from the Flight Attendant’s PTO Bank. The Company will make PTO “cash out” payments at the rates established by the table below not later than the second regular paycheck of the following calendar year. IF NUMBER OF PTO DAYS USED AS SICK DAYS IN THE YEAR IS… THEN, THE PERCENTAGE OF THE FLIGHT ATTENDANT’S DAILY RATE TO BE PAID FOR EACH PTO DAY CASHED OUT IS… 6 to 12 days used as sick 75% 1 to 5 days used as sick 90% 0 days used as sick 100%
