As a Lam employee, you’re no stranger to hard work. But it’s just as important that you find time to unplug. Lam provides the following opportunities for U.S. employees who work 20 or more hours per week to relax and recharge or take care of personal business.

Holidays and Shutdown Periods

Lam provides a number of paid holidays each year. In addition, depending on the needs of the business, the company may schedule unpaid shutdown periods during the year.

View the 2020 U.S. Holiday and Shutdown Calendar [PDF], 2021 U.S. Holiday and Shutdown Calendar [PDF] and 2022 U.S. Holiday and Shutdown Calendar [PDF].

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Paid Time Off

  • For salaried employees, PTO hours are used for planned days off from work that are approved in advance by your manager.
  • For hourly nonexempt employees, PTO is for any time away from work (excluding extended illness and holidays observed by Lam Research).

Your PTO accrual is based on the length of your service at Lam and incorporates the requirements of paid sick leave benefits as mandated by applicable state laws. The following table shows PTO accruals by pay period.

Active Full-Time Employee PTO Accrual1

The maximum PTO accrual is 260 hours, as shown in the following table. When you reach 260 hours of accrued vacation, you will not earn additional PTO until your PTO balance is again below 260 hours.

Your Months of Service PTO Hours You Earn Each Pay Period2 Maximum Accrual Balance
0 through 48 months 4.615 hours 260 hours
49 through 119 months 6.154 hours 260 hours
120 through 179 months 7.692 hours 260 hours
180+ months 9.231 hours 260 hours

1 Employees working between 20 and 32 hours per week accrue at two-thirds of the rates listed above.
2 Accrual does not apply to employees at the director level and above.

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Take Your Time

It’s important to take time away from work to rest or take care of things that matter to you. Don’t wait until you’ve maxed out your PTO balance before you schedule a break.

Other Time Off

Sick Leave

Bereavement

Jury Duty

School and Day Care Activity

Voting

Catastrophic Leave

What You Need to Know

  • You may use PTO to receive pay during an unpaid company shutdown.
  • You may request an advance of unearned PTO, up to 40 hours.
  • Your current PTO balance is listed on your paycheck. View your paycheck in the Payroll WorkCenter portal.
  • Consistent with the intent that PTO should be used to allow employees to take time away from work, Lam does not allow you to cash out your accrued PTO, except in cases of severe personal hardship (i.e., an unforeseeable emergency beyond your control when other financial resources have been exhausted).

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What You Need to Do

  • For planned time away, notify your supervisor as far in advance as possible to assist in work planning for your team.
  • For unplanned absences, notify your supervisor as soon as possible.
  • Record your PTO time in your timekeeping system (Kronos or SAP CATS) when you use it.
  • While it is not required, you are encouraged to use your PTO to relax and recharge or take care of personal or family business. When you reach the maximum PTO accrual, you will not earn additional PTO until your PTO balance is again below the maximum.

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Where to Learn More

For details, see the Time Off Practice.

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