Paid Time Off (PTO)

Paid Time Off (PTO) accruals provide an employee with more flexibility to use their time off to meet personal needs, while allowing them to manage their paid time off. PTO banking does not replace the Company holiday schedule, the Company will continue to have compensated holidays each year.

With PTO accruals, an employee accumulates a specified amount of time each pay period for which they assume responsibility on how it will be used: for vacation, illness, attendance of children’s school activities, medical and dental appointments, personal business or emergencies.

Eligibility. Employees are eligible to participate in the PTO accruals program if they are a regular full-time employee. An employee scheduled to work between 30 and 40 hours per week on a regular basis may accrue PTO on a prorated basis.

Deposits into Your Paid Time Off Account. The standard amount and rate of PTO an employee accrues is based on their length of service and accrues according to the following standard schedule.

Standard Accrual Schedule for Full-Time Employees:

Completed Years of Employment	Weekly Accrual	Annual Equivalent
0 – 5 Years	2.46 hours	16 days
5 –15 Years	3.23 hours	21 days
15+ Years	4.0 hours	26 days

Accrual Maximums. PTO balances are capped at 1.5 times the annual accrual equivalent. PTO balances are evaluated on the first of the month following an employee’s anniversary. Employees may carry over 1.5 times the annual accrual. Any PTO accrued in excess of 1.5 times the annual equivalent will be paid to the employee on the next paycheck.