Page 22 - Ampact 2022 Benefit Guide

Floating/Paid Holidays & Paid Time Off

Paid Holidays:
Floating Holidays:
All regular employees working 20+ hours a week receive Ampact recognizes the following paid
two floating holidays (equivalent to their FTE) to use at their holidays for regular employees who
discretion. Floating holidays are based on a calendar year work 20+ hours a week:
and cannot be carried over from year to year.
• New Year’s Day
• President’s Day
Paid Time Off (PTO)
• Memorial Day
Ampact provides a flexible PTO program that combines vacation, • Independence Day
• Labor Day
sick and personal time into one bank of time.
• Thanksgiving
• Day after Thanksgiving
All regular full-time and part-time employees accrue PTO hours
(based on their FTE) based on their anniversary date and each • Christmas Eve
completed pay period worked. Accruals will be effective the first • Christmas Day
paycheck of the month following the anniversary date. PTO will
stop accruing at the maximum limit. Accruals will resume once
some time is taken.

There is no waiting period before an employee can begin to take
PTO. Time-off requests must be submitted to an employee’s

supervisor in advance and are subject to supervisor approval. In
the case of an illness or medical emergency, employees should
notify their supervisor as soon as possible.

Length of Service Hours/Days Accrued Maximum Accrual
(based on 1.0 FTE, 40 hours/week)

First year through end of 4.62 hours per pay period (15 days 160 hours
2 year per year/120 hours per year)
nd

rd
3 year through end of 6.15 hours per pay period (20 days 200 hours
4 year per year/160 hours per year)
th

5 year and beyond 7.69 hours per pay period (25 days 240 hours
th
per year/200 hours per year)

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Effective August 1, 2022-July 31, 2023