Page 23 - Burnham EE Guide 01-20

OTHER BENEFITS OTHER BENEFITS

Paid Time Away from Work

Burnham recognizes that taking time away from work to recharge is an important part of work-life balance. We
offer several ways for employees to take paid time away from work.

Paid Time Off (PTO)

Regular full-time employees who work at least 37.5 hours per week begin accruing PTO benefits on a semi-
monthly payroll period basis from their date of hire.

Part-time and temporary employees are not eligible for PTO benefits. Vice Presidents and above are not eligible
for and do not accrue PTO benefits, but are however allowed to take personal time off with pay with prior
approval from the President of Burnham.

Eligible employees may begin using their available PTO benefits on the 90th day of employment and after
accruing sufficient PTO benefits to take personal time off from work. Employees may not borrow or receive an
advance in PTO benefits that have not been earned or accrued.

Based on length of continuous service, the following PTO accrual schedule is based on regular full-time
employees who are regularly scheduled to work at least 37.5 hours per week:

Burnham Paid Time Off Accrual

Years of Service PTO Hours Accrued Per PTO Days/Hours Maximum PTO
Completed (Employee’s Semi-Monthly Pay Accrued Per Cap or Carry
Anniversary Date) Period Basis Benefit Year Over (2x)
Date of hire though 5 years 3.75 hours/0.5 day 12 days/90 hours 24 days/180 hours
After 5 years 5.31 hours/0.71 day 17 days/127.5 hours 34 days/255 hours
After 15 years 6.88 hours/0.917 day 22 days/165 hours 44 days/330 hours

Paid Holidays
Burnham observes the following holidays each year:
• New Year’s Day • Day Before Thanksgiving (half-day)
• Presidents’ Day • Thanksgiving Day
• Good Friday (half-day) • Day After Thanksgiving
• Memorial Day • Christmas Eve
• Day Before Independence Day • Christmas Day
• Labor Day • New Year’s Eve

Personal Holiday

Regular full-time and part-time employees may take one personal holiday each year after completing 90 days
of continuous employment.

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