Accrued time off or leave balances will not carry over following the transition. Associates will receive a payout of accrued and unused PTO, as well as up to 5 days of PTO that had been carried over from the previous year and remains unused, in accordance with transition guidelines.
Associates who leave the Bank of their own accord will be paid up to 40 hours of accrued and unused PTO in accordance with the Bank’s policy.
For continuing associates, time-off balances will reset, and vacation and sick time will accrue under Fidelity Bank’s policies. Seniority dates will be recognized when determining accrual rates.
In addition, Fidelity Bank will provide associates with sick time based on years of service: associates with 0–4 years of service will receive one week of accrued sick time, associates with 5–9 years of service will receive two weeks, and associates with 10 or more years of service will receive three weeks. Sick time may be carried over from year to year, up to a maximum of 960 hours.
