Maximum PTO Accrual Clause Samples

The Maximum PTO Accrual clause sets a limit on the total amount of paid time off (PTO) that an employee can accumulate. Once an employee reaches this cap, they will temporarily stop accruing additional PTO until they use some of their existing balance. For example, if the maximum accrual is set at 160 hours, any further accrual is paused until the balance drops below that threshold. This clause helps employers manage their financial liabilities related to unused PTO and encourages employees to take regular time off.
POPULAR SAMPLE Copied 3 times
Maximum PTO Accrual. PTO hours continue to accrue until the employee’s PTO balance reaches one hundred fifty percent (150%) of the employee’s annual accrual (1.5 times the annual accrual rate). Once employee’s PTO balance falls below one hundred fifty percent (150%) of the employee’s annual accrual, the accrual of PTO hours would resume.
View SourceView Similar (19)
Maximum PTO Accrual. PTO accumulated in the course of one (1) year of employment should be used before completing a subsequent year of employment. The PTO ceiling is four hundred and twenty-eight (428) hours and PTO does not accrue beyond that ceiling. When that ceiling is reached an employee may take vacation to remain below the 428 hour ceiling.
View SourceView Similar (2)
Maximum PTO Accrual. PTO may be accrued in an employee's account 27 up to a maximum of five hundred twenty-five (525) hours. After reaching the maximum 28 accrual of five hundred twenty-five (525) hours, no additional PTO shall accrue in an 29 employee's account regardless of the number of hours worked by an employee covered 30 by this agreement. In this case the maximum accrual of five hundred twenty-five (525) 31 PTO hours shall be carried over in the next calendar year.
View SourceView Similar (4)
Maximum PTO Accrual. Incumbent Hospice Spiritual Counselors and Bereavement Services Coordinators who have a PTO balance in excess of the maximum accrual as of the effective date (first day of the pay period following 90 days after the date of ratification) may choose one of the following options: 1. Convert excess PTO into ElB* or: 2. Cash out excess PTO* *Employees will need to notify their manager on the date of ratification of their decision. If employees do not make an election by the specified date they will forgo any PTO that Is in excess of the maximum accrual.
View Source
Maximum PTO Accrual. Eligible employees accrue earned PTO as follows with all employees receiving 6.67 hours per month in addition to the accruals listed below: 1st through 4th year 6.67 hours After 10 years 13.33 hours
View Source

Related to Maximum PTO Accrual

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

  • Annual Leave Accrual If an employee leaves State Classified employment and is later rehired, he/she shall accrue annual leave at the same rate as a new hire. However, once a rehired employee has been in pay status for five (5) years, all previous service time shall be credited for annual leave accrual. The only exception shall be for employees rehired who repay severance pay received.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.