PAID TIME OFF PAY Clause Samples

PAID TIME OFF PAY. Paid time off pay shall be in the amount which the employee would have earned had they worked regular straight-time hours during the period at their regular rate of pay on regularly assigned shift. PTO pay shall be paid to employees at the same time and manner as the pay, which the employee would receive for their regularly scheduled pay period. All benefits will accrue as if the employee had worked their regular straight-time hours during the period at their regular rate of pay on their regular assigned shift. If a holiday that is observed by the organization falls within paid time off period, that holiday shall not be counted as a day on which employees are taking paid time off.
View SourceView Similar (2)
PAID TIME OFF PAY. Paid time off pay shall be in the amount which the employee would have earned had he/she worked regular straight-time hours during the period at his/her regular rate of pay on his/her regularly assigned shift. PTO pay shall be paid to employees at the same time and manner as the pay, which the employee would receive for his/her regularly scheduled pay period. All benefits will accrue as if the employee had worked his/her regular straight-time hours during the period at his/her regular rate of pay on his/her regular assigned shift. If a holiday that is observed by the organization falls within paid time off period, that holiday shall not be counted as a day on which employees are taking paid time off.
View SourceView Similar (2)
PAID TIME OFF PAY. Paid Time Off pay shall be in the amount which the employee would have earned had he/she worked regular straight-time hours during the period at their regular rate of pay on their regularly assigned shift. Paid Time Off pay shall be paid to employees at the same time and manner as the pay which the employee would receive for their regularly scheduled pay period.
View Source
PAID TIME OFF PAY. Paid time off compensation is provided to employees working under this Addendum as a delineated component of the wage rates set forth in Section 4, which the parties acknowledge is in excess of the amount required under NRS 608.0197. It is paid in advance on a weekly basis as part of the employees’ regular paychecks. Employers shall provide employees working under this Addendum with time off from work, upon request and subject to the Employer’s business needs and applicable leave policies and procedures, at a rate of at least 0.01923 hours of time off for each hour of work performed (e.g., an employee working 2080 hours annually would be able to take at least forty (40) hours of time off each year), with compensation for such time off paid in advance as described above and in Section 4 of this Addendum. The parties to this Addendum acknowledge that the paid time off compensation specified in Section 4 and the provisions of this Section 8 were negotiated with the intent of qualifying the Employer for the exemption set forth in NRS 608.0197(8)(a). In the event any subsequent legal changes, including but not limited to legislative action; decisions or interpretations by a court or government body; or regulations, has the effect of rendering the Employer as falling outside of the exemption set forth in NRS 608.0197(8)(a), as it exists now or as it may be modified in the future, the parties will meet in a timely manner and modify this Addendum in a manner that will allow the Employer to retain said exemption.
View Source

Related to PAID TIME OFF PAY

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to fifteen (15) paid vacation days per calendar year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time that is at least as favorable as that provided to other similarly situated executives of the Company. The Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies may exist from time to time.

  • Time Off The company recognises that sufficient time off to attend to personal matters and for recreation are important to the employee’s wellbeing, job satisfaction and overall productivity. Accordingly, time off may be taken with the consent of the Company, which shall not be unreasonably withheld. In considering the approval to have time off, the Parties will have regard to the current works programme and the urgency of the reason for time off. In the event that time off is to be taken, it will be the employee’s obligation to advise the Company in advance or as soon as practicable on the day of absence, recognising that unplanned absences can cause costly disruption to programmed works and are a major source of annoyance for the company, other employees and clients. The object of offering flexible working hours is that in return employees will take very seriously their obligation to turn up when they are expected. In view of the disruption caused by unplanned and or notified absenteeism, repeated failure to observe the protocol for time off would constitute misconduct.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.