Pto Pay Out Sample Clauses

Pto Pay Out. Employees shall be afforded the opportunity to “sell” or cash out, up to 60 hours of accrued and available PTO at the end of the year at the hourly rate that they are then being paid. This pay out is provided in a regular payroll type check at the end of the following payroll period. Employees may choose either to roll over un-used hours under this policy or be paid out for them up to the maximum of 60 hours (or 40 hours on 8 hour shifts) 8 hours shift employees are bought out for the balance of the time (i.e., 20 hours). Unused emergency PTO hours may be rolled over up to a maximum of 40 hours in a year. The parties agree that absenteeism creates problems for the plant’s owners, customers and employees, and they agree to try to reduce and manage non-productive time. They agree that employees should be paid for time they work, as well as receiving a generous benefits package with Paid Time Off and other leave provided herein, but otherwise shall not be paid for time not worked.

Pto Pay Out. When an employee goes from full-time to regular part-time or per diem, the employee will be paid out their accrued and available PTO. An employee whose employment has been terminated or resigns, and who has unused accrued PTO, will receive such pay in addition to any other pay due in their final check. All PTO payouts at the time of such status change or termination, either voluntarily or involuntarily, will be paid at the employee’s then current regular base hourly wage.

Pto Pay Out