Borrowing PTO/Negative PTO Balances

Unless an employee is on a LOA, which includes intermittent and reduced-schedule FMLA, he or she may be permitted to borrow PTO before it has been accrued, creating a negative PTO balance.  Employees may borrow up to a maximum of 40 hours of PTO at one time, provided they do not borrow more PTO than they are eligible to earn annually under the applicable accrual schedule above.

If by chance, an employee’s negative PTO balance exceeds the maximum negative balance allowed, he or she will not be eligible to take PTO until the balance falls below the maximum threshold. Employees’ PTO balances are expected to return to a zero or positive balance by the first day of their next PTO year.

If an employee terminates EssilorLuxottica with a borrowed PTO balance, EssilorLuxottica will withhold the borrowed PTO from the employee’s final paycheck, where permitted by law. If not deducted from final pay, the Company will maintain a negative PTO balance on the employee’s record, which will be re-activated at the time of any subsequent rehire with the Company.