Page 19 - Employee Handbook
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SECTION 5—LEAVE OF ABSENCE


            5.1  Paid Time Off (PTO)

               5.1.1 Exempt Paid – Time Off (PTO)

            Paid  Time  Off  (PTO)  is  an  all-purpose  time  off  policy  for  eligible  exempt  full-time  employees  to  use  for  vacation,
            personal/family illness, doctor/dentist appointments, or personal business. PTO combines traditional vacation and sick
            leave plans into one flexible, inclusive policy. PTO is payable in the same manner as the regular salary and is subject to
            the same withholding elections.  This policy is subject to applicable State and Federal Laws.  Employee classified as
            benefits  eligible  (and  who  are  so  notified  by  A-MAX  Auto  Insurance  are  eligible  to  accrue  PTO  hours).  Part-time
            employees are not eligible for PTO.

            Upon entering an eligible employment classification, exempt full-time employees will begin to accrue PTO according to
            the schedule provided in the employee's offer letter.
               •   PTO is accrued each pay period based on completed years  of service and Job level pursuant to the Accrual
                   Schedule (see section II ).
               •   PTO accrual is based on the employee’s designated standard work schedule and number of eligible hours paid
                   per pay period, up to 2080 hours worked.
               •   PTO accrual is based on anniversary year (i.e. based on hire date).
               •   Employees are eligible to roll-over PTO hours. PTO hours that are rolled-over must be used within the first six
                   (6) months of the roll-over.
               •   PTO begins to accrue from first day of hire; however, the employee is not allowed to use PTO until after the
                   designated job level waiting period has been met.
               •   Employees who have a change in status (part-time to full-time) will begin to accrue PTO on the first pay period
                   of their new status at the accrual rate based on their length of service.

               Note: An employee who becomes a part-time employee will be paid out for all unused PTO accrued in full-time
               status.  The full-time employee will cease to accrue PTO once his/her status changes to part-time.

            I.  Guidelines for Taking PTO


            PTO  hours  can  be  used  for  any  reason,  including  vacation,  personal/family  illness,  doctor/dentist  appointments,  or
            personal business, subject to the needs of the business.

               •   Employees  must  obtain  approval  from  their  manager  prior  to  taking  PTO,  unless  for  unscheduled
                   personal/family illness. The company may require a doctor’s note and may grant or deny advance requests for
                   PTO based on the needs of the business.
               •   Employees are responsible for reporting PTO hours as soon as possible, either before or after it is taken.
               •   Managers are responsible for ensuring that employees have accurately reported PTO hours taken.
               •   Employees may “borrow” PTO hours not yet accrued.  “Borrowed” PTO hours will accrue back with future pay
                   periods as determined by the Accrual Schedule.
               •   Employees  and  managers  are  responsible  for  developing  a  mutually  agreed  PTO  plan  that  causes  minimal
                   business disruption and allows the employee to utilize all of the employee’s PTO annual allotment by the end



                         Version   V4      Last Update   08-20-19   Department   Operations Dept & HR

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