Black & Veatch PTO Policy

Corporate Policy: Paid Time Off (PTO) & Work Flexibility

Entity: Black & Veatch

Effective Date: January 1, 2026

Applicability: All Full-Time Professionals (U.S. Based)

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1. Policy Purpose

Black & Veatch is committed to fostering a culture of ownership and "Work-Life Harmony." This policy provides a structured framework for professionals to recharge, manage personal obligations, and maintain health, ensuring long-term productivity and engagement within our employee-owned firm.

2. Paid Time Off (PTO) Accrual

PTO is earned based on a combination of professional job level and years of continuous service with the company.

2.1 Accrual Tiers

Years of Service	Annual Accrual (Approx.)	Pay Period Accrual Rate
0 – 5 Years	120 Hours (15 Days)	4.62 Hours
5 – 15 Years	160 Hours (20 Days)	6.15 Hours
15+ Years	200+ Hours (25+ Days)	7.69 Hours

Note: Specific accrual may vary by business unit or executive contract.

2.2 Carry-Over and Caps

To encourage regular rest, a maximum of 80 hours (unless state law dictates otherwise) may be carried over into the following calendar year. Hours exceeding this cap at year-end may be forfeited or, in specific jurisdictions, moved into a long-term sick bank.

3. Sick Leave and Disability

In addition to standard PTO, Black & Veatch provides specialized banks for health-related absences:

• Short-Term Sick Leave: Used for personal illness, medical appointments, or care for an immediate family member.

• Salary Continuance: For extended illnesses or injuries, the company provides short-term disability coverage (Salary Continuance) after a standard elimination period, typically covering a percentage of base pay.

4. The 9/80 Flexible Work Schedule

To provide enhanced flexibility, B&V offers the 9/80 Schedule, a compressed workweek option that does not reduce PTO balances.

• The Cycle: Professionals work 80 hours over 9 business days instead of 10.

• The Hours: Monday through Thursday (9 hours/day); one "Work Friday" (8 hours); one "Off Friday" (0 hours).

• Holiday Adjustment: If a public holiday falls on a scheduled 9-hour day, the professional receives 8 hours of holiday pay and must apply 1 hour of PTO or adjust their weekly schedule to reach 40 hours.

5. Paid Holidays

Black & Veatch observes a minimum of eight (8) paid holidays per year, including but not limited to:

• New Year’s Day

• Memorial Day

• Independence Day

• Labor Day

• Thanksgiving Day (and the following Friday)

• Christmas Day

6. Administration and Approval

• Notice: Professionals are expected to provide at least two weeks' notice for planned vacation of three days or more.

• Approval: PTO is subject to manager approval based on project deadlines and client deliverables.

• Termination: Upon separation from the company, earned but unused PTO will be paid out in accordance with applicable state laws and company bylaws.