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Jan. 26, 2021, 10:01 a.m. EST

Olive Garden parent to offer paid leave for workers to get COVID-19 vaccination

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By Tonya Garcia

Darden Restaurants Inc. /zigman2/quotes/200092615/composite DRI -2.00% said Tuesday that it will offer its workers up to four hours of paid time off in order to get the COVID-19 vaccine. Worker pay will be based on total earnings, including tips, over the last 13 weeks, with a maximum rate of $20. The hourly rate for employees who haven't worked during that period will be based on their "primary job" but not less than state or local minimum wage. Darden chains include Olive Garden, Longhorn Steakhouse and Yard House. Proof of vaccination is required for pay. "While we will not require hourly team members to be vaccinated as a condition of employment, we strongly encourage you consider getting vaccinated," Darden said in a statement. Dollar General Inc. /zigman2/quotes/200691429/composite DG -2.04% and Instacart Inc. are among the companies that have offered a financial incentive for getting the vaccine. Darden stock has rallied 25.2% over the past three months, and has gained 2% over the last year. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -2.45% is up 17.1% over the last year.

/zigman2/quotes/200092615/composite
US : U.S.: NYSE
$ 136.00
-2.78 -2.00%
Volume: 1.08M
Feb. 25, 2021 4:02p
P/E Ratio
N/A
Dividend Yield
0.99%
Market Cap
$18.09 billion
Rev. per Employee
$44,107
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/zigman2/quotes/200691429/composite
US : U.S.: NYSE
$ 188.68
-3.93 -2.04%
Volume: 3.06M
Feb. 25, 2021 4:04p
P/E Ratio
18.70
Dividend Yield
0.76%
Market Cap
$47.19 billion
Rev. per Employee
$194,084
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/zigman2/quotes/210599714/realtime
US : S&P US
3,829.34
-96.09 -2.45%
Volume: 2.92B
Feb. 25, 2021 5:19p
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