Paid Time Off
/ˈpeɪd taɪm ɔf/
Definitions
- (n.) A benefit allowing employees to take paid leave from work for vacation, illness, or personal matters without loss of income.
Employees are entitled to accrue paid time off annually as part of their employment contract.
Related terms
Commentary
Paid time off is often a negotiated employment term; clarity in policy drafting prevents disputes over accrual and use.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.