Excessive Absenteeism Defined ??

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When is absenteeism considered excessive? 

What guidelines does your company have in place in regards to attendance?  What is the standard for considering attendance to be acceptable vs. unacceptable?

My past employer, worked on a 90 day rolling calendar... 5 attendance "issues" in 90 days, resulted in termination. (Steps of Discipline: Verbal 1, Verbal 2, Written, Suspension, Termination).  Of course, any absence was considered excused with a doctor's note.

Is this considered to be too strict or too lenient?  What is the norm?  We are a small (<50), medical office.

Please advise... any feedback would be greatly appreciated!!

 Thanks in advance!