As per our Paid Time Off policy, employees will receive [15 days] of PTO per year. Your PTO accrual begins the day you join our company and you receive [1.7 days per month]. You can take your PTO at any time after your first [week] with us and you [can] use time off you haven’t accrued yet. You will earn one additional day per year after your [first year] with our company, with a cap at [25 days overall].If you want to use PTO, send a request [through our HRIS]. If your manager or HR approves, you are permitted to take your leave. You do not have to specify a reason for requesting PTO.You [can/cannot] roll over any remaining PTO to the next year. We encourage you to use your time off throughout the year.If you leave our company, we may compensate accrued PTO with your final paycheck according to local law. When the law doesn’t have provisions, we will compensate accrued leave to employees who were not terminated for cause.
(Note: This template can be used as a standard PTO policy for small businesses as well as large corporates)