CultureBook v4 - Flipbook - Page 11
PTO Buyback Program
Eligibility
• Team members must be full-time employees.
• Team members who have a minimum of 120
hours of accumulated PTO are eligible for a
PTO buyback of 40 hours.
• Team members who have a minimum of 160 hours of
accumulated PTO are eligible for a PTO buyback of 80 hours.
Redemption
• Team members may apply for PTO buyback once annually.
• Team members may request to participate in the program only
in the month of their birthday by completing the PTO Buyback
Application/Request Form on the Intranet.
• Payments will be processed and included in one of the
employee’s paychecks the following month.
Your Time Away
• All full-time team members are given four weeks
of Paid Time-Off (PTO) each year (accrued), which
increases to five weeks after five years.
• We also recognize the following holidays as paid time away for all
team members:
New Years Day
Memorial Day
Independence Day
Labor Day
Thanksgiving Day
Black Friday
Christmas Eve
Christmas Day
• All full-time team members receive two additional floating holidays
for 10 paid holidays per year.
PTO Buyback is considered taxable income. Team members can
choose to deduct 401k contributions when applying.
