BL Companies | Employee Handbook | 2022

PTO MAXIMUM ACCRUAL SCHEDULE

Years of Relevant Experience

Maximum Hours in Employee’s PTO Account

Time Accrued per Year

0 - 5 Years

120 Hours

180 Hours

5 - 10 Years

160 Hours

240 Hours

10+ Years

200 Hours

300 Hours

Bereavement A maximum of twenty-four (24) hours of paid bereavement time is provided for a death in the employee’s immediate family. Immediate family includes the employee’s spouse, child, sibling, parent or grandparent. Additional time off will be without pay or may be taken as PTO. A maximum of eight (8) hours of paid bereavement time is provided for a death in the employee’s extended family. Extended family includes the employee’s aunts, uncles and cousins. Additional time off will be without pay or taken as PTO. Part- time employees are not eligible for paid bereavement time. Special Circumstances When a former Company employee who has voluntarily terminated his or her employment is rehired, such employee will be given credit for his or her prior employment with the Company for determination of PTO allowance. PTO Donor Program Employees will have the option to transfer PTO hours from their account to assist employees who are experiencing financial hardship due to a severe health condition or family emergency. The transfer of PTO time must be approved, in advance, by the employee’s Department Executive Director and Human Resources Director. All donations of PTO are anonymous.

as of December 31st of every year. The following table shows the maximum number of hours an Employee can carry forward depending on his/her yearly accrual. Any PTO over the cap may be “bought back” from the employee at the sole discretion of the Company. This cap overage is calculated at the end of the first and third quarters of the year. Adjustment for the PTO overage will be reflected in the subsequent pay period by payment for excess time and a reduction in the available time. Currently the buy-back occurs as of March 31st, September 30th, and after year end each year. Accrued PTO is paid out to employees upon separation of employment. Accrual of PTO During Paid Leave and Unpaid Leave All employees who are actively at work or on PTO will continue to accrue PTO provided by the Company. Employees on unpaid leave are not entitled to continue accruing PTO. This includes employees who are receiving income replacement benefits from a source outside of BL Companies payroll such as short-term disability, long-term disability or workers’ compensation insurance. Employees on unpaid military leave of absence and paid or unpaid leave under the Family and Medical Leave Act (FMLA) are also not eligible for accruals of PTO.

Employee Handbook

Employee Ownership 41

Made with FlippingBook Online newsletter creator