PAID TIME OFF (PTO)
G&W Equipment recognizes the need for employees to have time off from work for rest and relaxation, to attend to personal business or due to illness or injury. We also understand that the need is different for each of you. To meet these objectives, we provide employees with paid time off (PTO).
Eligibility:
All regular full-time employees are eligible for PTO. Newly hired employees become eligible to receive prorated PTO after successful completion of 90-days of employment. Employees working less than 40 and at least 32 hours per week will earn PTO hours on a prorated basis. Territory Managers, other commissioned employees, part-time and temporary employees are not eligible for this company paid benefit.
Accrual of PTO:
You will accumulate a specified amount of PTO each pay period worked. The amount of PTO earned will depend on your length of your service with the Company. Length of service is calculated each January 1. PTO will accrue each bi-weekly pay period at the following schedule:
LENGTH OF SERVICE | ANNUAL RATE / PAY PLAN | MAX PTO HOURS EARNED PER YEAR | MAXIMUM PTO DAYS EARNED PER YEAR |
---|---|---|---|
Up to 5 years | 3.69 hours | 96 | 12 |
5 years - 12 years | 5.23 hours | 136 | 17 |
Overe 12 years | 6.77 hours | 176 | 22 |
You will not accrue PTO time while you are on an unpaid leave of absence, including short-term disability, Worker’s Comp, FMLA and non-FMLA leaves, or suspension by the Company. PTO days will be prorated for any month in which you take an unpaid leave of absence or are suspended.
Carryover of Unused PTO:
All accrued and unused PTO time may be carried over from one calendar year to the next. There is no annual maximum of time allowed. Employees will not be able to sell unused PTO hours back to the company.
Management of PTO:
You are responsible for managing your PTO account. It is important that you plan ahead for how you will use it. This means planning for vacations, as well as doctor’s appointments and personal business. It also means holding some time in reserve for the unexpected, such as emergencies and illnesses.
Borrowing PTO:
You may use days that you have not yet accrued which will result in your PTO balance going negative. However, advancement of PTO days that you have not yet earned may not exceed a maximum of forty hours (40) per year and may only be done with manager approval.
Use, Notice and Scheduling:
PTO may be used in increments of 4 hours. PTO time must be used before an employee may request unpaid time of 4 hours or more. You are responsible for requesting PTO at least two weeks in advance to your supervisor. PTO will be approved according to departmental business needs, with minimal disruption to customer service. When the need for PTO is unforeseeable (i.e., illness or personal emergency), you must follow the call-off procedure in our Absence policy.
Vacation Pay:
PTO time will be paid at the employee’s current rate of pay. Payment of PTO benefits will not be made in advance of the actual vacation. PTO time used will not be consider for the purpose of calculating overtime pay.
End of Employment:
Employees who separate from the company, voluntarily or involuntarily, will be paid for earned and unused PTO time, up to 30-days. Employees who retire will be paid their entire earned and unused PTO balance. Final paychecks for employees will include deductions for any negative balance upon termination