1. Purpose and Scope
The Paid Time Off (“PTO”) policy enables the employee to take paid leave with the flexibility to use your time off to meet your personal needs while recognizing your individual responsibility to manage your paid time off. You will accumulate a specified amount of PTO each pay period worked and it is up to you to allocate how you will use it – for vacation, illness, caring for children, activities, medical/ dental appointments, leave, personal business or emergencies. The amount of PTO earned will depend on the length of your service with the Company.
This policy sets out the rules and procedure and applies to all the part-time and full-time employees (“Employee”) of ACCOUNT_JOB_COMPANY (“Company”).
2. Eligibility and Entitlements
(a) All the Employees are eligible to receive Paid Time Off if you are a regular status employee scheduled to work at least NUMBER hours per week.
3. Benefits
Employees will accrue any paid time off benefits on the basis of their years of service. The amount of PTO you accrue each year is based on your length of service and accrues according to the Accrual Schedule for full-time employees chart below. PTO is accrued as you work. You will not accrue PTO time while you are on leave of absence or suspension by the Company.
PTO
4. Carry Forward PTO
(a) Although you may carry over unused PTO time from year to year, there is a limit on the amount of PTO time you can accumulate. This encourages you to use your PTO and allows the company to manage its financial obligations responsibly. Once you reach your limit, you will not accumulate any more PTO until you use some of the time in your account and drop below the limit.
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