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Paid Time Off
ABC Company recognizes the need for Paid Time Off for rest, relaxation, illness, or personal
observations. We also recognize that those needs are very diverse and vary between individuals as
well as between the Company and its Team Members. Therefore, we believe that our Team Members
should be given the flexibility, as well as the responsibility, for scheduling time off to meet their
personal needs in coordination with the operational needs of their department.
All full-time and part-time employees are eligible to accrue PTO based on their length of service and
hours worked. Seasonal, temporary or casual employees are not eligible for PTO benefits. PTO
cannot be used, however, until an employee has successfully completed the initial ninety (90) day
introductory period.
Accruals of Paid Time Off are earned daily as follows:
PTO Accrual Rates and Methodology (
eff. 1.1.2017
)
Months of
Tenure
Years of
Tenure
Accrued
Rate Per
Hour worked
Hours
Worked Per
Year
(assume 2080 less
PTO Earned/Used)
Days
Per Year
(Based on hours
worked)
Hours
Per Year
(Based on hours
worked)
PTO hours accrued based on hours worked, including overtime hours.
PTO hours accrue daily with hours worked.
May carry over 40 hours of PTO each Dec 31st, to be used by June 30th of the
following year.
Same PTO accrual rates per hour worked for full time and part time employees.
Adjustments to your accrual rate will occur on the first pay period following your
anniversary date.
Sell off of PTO time is not allowed.