Banked Sample Clauses

Banked. Absenteeism Employees who are unable to respond to being called, whether planned absences or sickness, must notify the Crew Leader in advance. Non-payment of standby and/or disciplinary action could result if an employee does not respond to a page for call-in work. Reasonable discretion will be used before any disciplinary action is imposed. Any problems arising out of this Letter of Understanding will be dealt with in the shortest time frame as reasonably possible. Original signed December 3, 2002 Updated and signed October 9, 2013 Renewed for the 2019-2023 Collective Agreement term Student Hires LETTER OF UNDERSTANDING BETWEEN: CANADIAN UNION OF PUBLIC EMPLOYEES LOCAL 900 (The Union) AND: CITY OF KAMLOOPS (The Employer)
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Banked is agreed by the parties that, of Collective employees shall be eligible to extend their banked overtime maximums in accordance the followingprovisions: An employee who has accumulated his banked overtime year (ten his average daily hours of work)may bank hours worked at premium rates, provided appropriate management supervisor concurs such additional banking of monies. the management supervisor does not allow the employee bank hours worked at premium rates, employee be paid forsuch hours worked at rates. Employees, are to bank monies in addition to the maximum allowed by the omvisions of the Collective Agreement, shall have the time equivalent monies taken off a time by the Company, unless mutual agreement between /he employee and /he has been reached as to when such time equivalent is to be taken of the not be Colle a cash pay out monies ctive Agreement, unless such is approved by the management supervisor. on last pay ending in April each year, an employee has accumulated time remaining in the bank, then the employee shall have the time equivalent of the as xxxx maximum bank for that banked overtime as described in Agreement. Hours worked at premium rates shall include overtime work, pay on statutory holidays and pay on off days WORK PROGRAMS is mutually agreed by parties, that Company may participate in the following Work Programs: Grant Community College Edmonton Public School Edmonton Separate School Board (relative to the Company's Safety 'Partnership" with the Province) Universityof Alberta Engineering and Business Programs the Summer Student Employment Program Any wages or compensation and working conditions for the individuals participating in such work experience programs shall be determined by the Company, the applicable educational and the affected individual (or guardian), as :he case may be. As much as possible, the Company endeavour to develop and of employment that are consistent the existing provisions in this CollectiveAgreement The Company shall to advise Union of those individuals participating in such Work programs to the individual's commencement, but, if Company is unable to do so prior then commencement in such programs. Additionally, if is agreed Company's in these Work programs shall not displace existing or temporary employees thejob employees falling the scope of this Agreement Should the Company wish participate in any other Work Experience Education the Company shall consult the Union accordingly and receive the Union's agree...
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Banked. Absenteeism Employees who are unable to respond to being called, whether planned absences or sickness, must notify the Crew Leader in advance. Non-payment of standby and/or disciplinary action could result if an employee does not respond to a page for call-in work. Reasonable discretion will be used before any disciplinary action is imposed. Any problems arising out of this Letter of Understanding will be dealt with in the shortest time frame as reasonably possible. Original signed December 3, 2002 Updated and signed October 9, 2013 Renewed for the 2014-2018 Collective Agreement term
Sample 1
Banked. The Company shall allow seniority employees, on a voluntary basis, to bank worked overtime hours towards time off straight time pay. Employees must declare their intent to bank overtime hours by signing the appropriateform by January 1st of each year. Forms are available in the Human Resources Department. Overtime hours available for banking, shall be those hours worked on a Saturday within the employee’s normal classification. Employees who have worked a minimum of four (4) consecutive hours at an overtimepremium may elect to receive straight time pay for all overtime hours actually worked and bank the overtime premium hours. Employees shall be entitledto accumulate banked hours to a total of forty (40) hours in the one year period. Unused accumulated hours as of December 15th in each year will be paid out to the employee by the Company. All hours will be paid at the rate in effect at the time they were earned. Employees shall be allowed to take bankedtime accumulated with pay, subject to the following conditions: The employee must provide the supervisor with five (5) working days written notice. Bankedtime must be taken in full week increments. The Company shall review and approve or deny requests subject to production requirements previous approvals of all time off. The Company will not be required to replace the employee taking the banked time with an employee who will be paid an overtime premium for that work. No more than one (1) employee per shift per department may be on banked time off on the same day.
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Banked. 2. Banked and later cashed in; or
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Banked. An employee may elect to bank half an hour basic hours worked per day, on a ratio of one for one :7); and, Except for overtime compensated under the provisions of sections and an employee may request to be compensated for overtime hours worked by time off in lieu of overtimepayment on the basis of one hour and a half (7 for each hour of overtime worked.
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Banked. A day off as provided in Marginal Paragraph and shall be at a time mutually agreeable to the employee and the Company. In the event that no mutually agreeable day off can be arrived at by the end of a calendar year, the employee shall receive payment for any unused Banked Holidays by the second in the following calendar year. Floating Stat
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Related to Banked

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Banked Overtime In the event the day in lieu of working the statutory holiday is not provided as stipulated in 8.01.04, this portion may also be banked.

  • Time Off The company recognises that sufficient time off to attend to personal matters and for recreation are important to the employee’s wellbeing, job satisfaction and overall productivity. Accordingly, time off may be taken with the consent of the Company, which shall not be unreasonably withheld. In considering the approval to have time off, the Parties will have regard to the current works programme and the urgency of the reason for time off. In the event that time off is to be taken, it will be the employee’s obligation to advise the Company in advance or as soon as practicable on the day of absence, recognising that unplanned absences can cause costly disruption to programmed works and are a major source of annoyance for the company, other employees and clients. The object of offering flexible working hours is that in return employees will take very seriously their obligation to turn up when they are expected. In view of the disruption caused by unplanned and or notified absenteeism, repeated failure to observe the protocol for time off would constitute misconduct.

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