Page 20 - 2022 Thrall Benefits Guide

Paid Time Off (PTO)

During the first year of employment, regular full-time employees will earn paid time off according to the following
schedule:

Month of Hire Hours Month of Hire Hours
January 120 July 48

February 108 August 36
March 96 September 24

April 84 October 12
May 72 November 0
June 60 December 0

Following your year of hire, PTO will be granted based on your years of service as of January 1 and according to the
schedule below.

These amounts are available on January 1st; however, they are earned throughout the year. If you terminate your
employment and have taken more time than you have earned, you will be required to repay the Company from your last
paycheck.

st
Years of Service (as of Jan 1 ) Hours Granted
From 1 to 5 years 120

From 6 to 15 years 160

From 16 years & beyond 200

In addition, unused PTO as of December 31st can be rolled over into a PTO Reserve Bank up to a maximum of 40 hours.
At no time can the PTO Reserve balance be greater than 40 hours.

Employees will not be paid out for unused PTO.

Once an employee has accumulated 40 hours in the PTO Reserve, any remaining unused PTO as of December 31st may
be rolled over into an STD Reserve bank up to a maximum of 40 hours. This balance can also not exceed 40 hours. Once
hours are rolled into the STD reserve, they cannot be transferred. These hours can only be used to supplement a STD
leave of absence.

For more complete details regarding the PTO policy, please refer the Employee Handbook.

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