Common use of Alternate Holiday Time Bank Clause in Contracts

Alternate Holiday Time Bank. In lieu of payment in cash at the overtime rate for hours worked on a holiday as specified in Article 10, Section 2.B.2 or 4, an employee may request that such compensation be made in the form of Alternate Holiday Time. In lieu of payment in cash at straight time for holidays on which an employee does not work as specified in Article 10, Section 2.B.1 or Section 2.B.2(c), an employee may designate that such holiday compensation be made in the form of Alternate Holiday Time. When compensation for a holiday is made in the form of Alternate Holiday Time, the Alternate Holiday Time shall be placed in the employee’s Alternate Holiday Time Bank.

Alternate Holiday Time Bank. (1) In lieu of payment in cash at the overtime rate for hours worked on a holiday as 8 specified in Article 10, Section 2.B.2 or 4, an employee may request that such 9 compensation be made in the form of Alternate Holiday Time. In lieu of payment in 10 cash at straight time for holidays on which an employee does not work as specified 11 in Article 10, Section 2.B.1 or Section 2.B.2(c), an employee may designate that 12 such holiday compensation be made in the form of Alternate Holiday Time. When compensation for a holiday is made in the form of Alternate Holiday Time, the Alternate Holiday Time shall be placed in the employee’s Alternate Holiday Time Bank.When