Iconix Paid Time Off (PTO), Summer Fridays, Short Term Disability, Maternity and Parental Leave
*Effective January 2017*
Paid Time Off (PTO)
All full time Iconix employees are eligible for PTO based on length of service. PTO is based on a calendar year (Jan 1-Dec 31) and accrues on a monthly basis, on the last day of the month. Increases in PTO are effective January 1 of the year in which your service anniversary occurs. For example, if you attain 4 years in June, your PTO increases in January of that year.
PTO Days Granted
1-4 years of service = 16 PTO days
4-14 years of service = 21 PTO days (eff Jan of the year you attain 4 years of service)
>14 years of service = 26 PTO days (eff Jan of the year you attain 14 years of service)
Holidays and Early Out Fridays from Memorial Day to Labor Day are incremental to your PTO allotment. The 2017 Holiday Schedule for each year will be communicated no later than December 1 of the prior year. In December of each year, the company will communicate the Holiday Schedule for the coming year.
Short Term Disability – NEW
All employees with at least 30 days of service, are eligible for 100% company paid Short Term. Coverage begins on the 8th calendar day of sickness, which must be certified through FMLA. The Plan provides 100% salary continuation for period of time from 8th day of sickness until LT disability begins on day 90, or when deemed suitable to return to work.
Maternity Leave – EXTENDED
As of the date of birth, employees are eligible for six weeks’ salary continuation. Health and Welfare benefits remain the same as an active employee. This 6 weeks of salary continuation runs concurrent with the allowable 12 weeks under FMLA.
Parental Leave/Adoption/Foster Care – NEW
Employees who have one (1) full year of service as of the Leave date are eligible for two weeks salary continuation after the birth, adoption of a child or start of foster care. Time off must be taken within 6 months of the date of birth, adoption or foster care. This 2 weeks of salary continuation runs concurrent with the allowable 12 weeks under FMLA. Health and Welfare benefits remain the same as an active employee. Proof of Birth, Adoption or Foster Care required.