Banked Holiday Time. Notwithstanding Clauses 8.09, 8.10 and 8.11, an employee on a continuous shift schedule may elect to bank eight (8) hours of straight time per paid holiday, instead of receiving holiday pay. Such time shall be taken at straight time at a mutually agreeable time between the employee and the Company. Should this banked holiday time be paid out to an employee, then it shall be paid out at straight time. The maximum amount of banked stat time shall not exceed sixty (60) hours.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Banked Holiday Time. Notwithstanding Clauses 8.097.09, 8.10 7.10 and 8.117.11, an employee on a continuous shift schedule may elect to bank eight (8) hours of straight time per paid holiday, instead of receiving holiday pay. Such time shall be taken at straight time at a mutually agreeable time between the employee and the Company. Should this banked holiday time be paid out to an employee, then it shall be paid out at straight time. The maximum amount of banked stat time shall not exceed sixty seventy-two (6072) hourshours when combined with the extra day off banked time.
Appears in 1 contract
Samples: Collective Agreement
Banked Holiday Time. Notwithstanding Clauses 8.097.09, 8.10 7.10 and 8.117.11, an employee on a continuous shift schedule may elect to bank eight (8) hours of straight time per paid holiday, instead of receiving holiday pay. Such time shall be taken at straight time at a mutually agreeable time between the employee and the Company. Should this banked holiday time be paid out to an employee, then it shall be paid out at straight time. The maximum amount of banked stat time shall not exceed sixty forty-eight (6048) hours.
Appears in 1 contract
Samples: Collective Agreement