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Vacation
Generally 10 days for first 5 years, 15 days after 5 years and 20 days after 10 years, as quoted in each offer letter. Please review your offer letter to know exactly what your accrual will be. Vacation is earned on a monthly basis. This means that even if you get 10 days per year, you accrue monthly. An employee that recieves 10 days per year gets .83 days per month (15 days a year is 1.25 days per month, 20 days a year is 1.66 days per month). You may roll vacation over from year to year. However,once you reach 30 days in your balance, we will wait until the end of that Fiscal Year and then cash you out any amount over 30 days. Therefore, each Fiscal year, you will only be allowed to begin the new year with 30 days in your balance.
Vacation Cash outs
You may cash out vacation days as long as you meet thefollowing requirements: 1.) you must have at least 10 days in your balance after you cash out, 2.) you can only cash out up to 20 days at one time, 3.)the minimum you can cash out is 3 days, 4.)you can only cash out 1 time a month and finally 5.) your cash out for the month must be received in HR by the 15th of the month (in order to meet the payroll cut-offs).
Sick Days
Sick time is 15 days per year for all employees and is pro-rated based on date of hire and hours worked (partiality). Rollover from year to year on sick time is not allowed. The company has allowed 6 of these days to be used to care for immediate family members (per year).There is no payoff for unused balances of sick time at the time of separation.
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