Cash Out/Roll Over PTO
Problem
How do I cash out paid time off time that I haven't used at the end of the year? If I don't use them, does it automatically cash them out?
Solution
Paid time off is a benefit to use in order to be paid when taking time off and cannot be arbitrarily paid out.
You are allowed to roll over up to the number of hours that you have on your deal into next year. For example, if you have 40 hours of paid time off in your deal, you are only allowed to roll over 40 hours. Any hours over 40 that go unused will be lost.
If your employment with Epitec is terminated, for any reason, your positive accrued paid time off time will be paid out in the pay cycle following your paycheck for final hours worked, except as otherwise required by applicable law. Paid time off accrued prior to 90 days of employment with Epitec is considered unearned and will not be paid out.
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