Common use of Accumulation of Paid Time Off Clause in Contracts

Accumulation of Paid Time Off. Employees may accumulate PTO up to a -maximum limit of 380 hours. Years of Service Maximum Limit 0 through 6 300 hours 7 through 12 360 hours 13 + years 380 hours Upon reaching the maximum limit, employees must make arrangements to reduce their account of PTO by a minimum of 10% of the hours in the account. Employees may accomplish this reduction by either taking PTO or exercising their "sell-back" option (see paragraph F.). Additional PTO shall not be accumulated in the employee's account until the account has been reduced by the minimum amount specified.

Accumulation of Paid Time Off. Employees may accumulate PTO up to a -maximum limit of 380 hours. Years of Service Maximum Limit 0 through 6 300 hours 7 through 12 360 hours 13 + years 380 hours Upon reaching the maximum limit, employees must make arrangements to reduce their account of PTO by a minimum of 10% of the hours in the account. Employees may accomplish this reduction by either taking PTO or exercising their "sell-backsell -back" option (see paragraph F.). Additional PTO shall not be accumulated in the employee's account until the account has been reduced by the minimum amount specified.