EmploymentHandbook-UpdatedMay2024-2

Venable PTO Benefits for Employees Hired Prior to 1/1/17

Former Personal Leave Yearly Amount

Former Vacation Yearly Amount

New Grandfathered PTO Yearly Amount*

Employee Level

Anniversary Year 1 through 2** 1 through 2** 3 through 9 10 through 19 1 through 19** 20 and over

Payout at Separation

Leave Type

Carryover

Cap

Non Exempt

10 days (prorated) 5 days 15 days (prorated) 5 days

16 days (prorated) 21 days (prorated)

Exempt

1.5 x Yearly Accrual Rate

Accrued Balance

All

15 days

5 days

21 days 26 days 26 days 31 days

PTO

10 days

All

20 days

5 days

Senior Staff

20 days 25 days

5 days 5 days

All

As an example, if you were hired at any time in 2021, you will reach your 3 rd anniversary year in 2024 and will start accruing at the higher level, i.e., 21 days, on January 1, 2024. Similarly, you will reach your 10 th anniversary in 2031 and will start accruing 26 days on January 1, 2031.

*Includes one day that was formerly a floating day **Year one will be pro-rated based on hire date.

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