FBC Newton Employee Handbook (2)

HOURLY EMPLOYEE PAID TIME OFF AND ATTENDANCE POLICY

Effective January 1, 2020, the Company transitioned from a traditional vacation plan to a Paid Time Off (PTO) plan. Every absence – except for absences under other company provided benefits – will be subtracted from your available PTO bank. While we still want you to have flexibility under the PTO policy, it is necessary to make slight tweaks going forward. Those changes will be highlighted in the policy. This revised PTO and attendance policy is effective January 1, 2024 . ACCRUAL RATES You accrue PTO hours every week. New employees accrue from their first day of employment and are eligible to use unscheduled PTO after 90-days of employment. Below is your weekly accrual schedule.

Years of Service

Annual Days

Annual Hours

Weekly Accrual Rate

0 - 2

12

96

1.846154

3 - 4

15

120

2.307692

5 - 9

18

144

2.769231

10 - 14

20

160

3.076923

15+

23

184

3.538462

PTO Accrual Maximum

2024 Employee Handbook – B. Turner