Banked Holidays Sample Clauses

Banked Holidays. If eligible employees are required to work on any day observed as a holiday and are authorized to work for the straight time hourly rate of pay, then an equal number of hours will be allocated to their banked holiday account. With written consent of the Company, employees may carry over up to sixteen (16) hours of banked holidays to the next year.
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Banked Holidays. Because of the scheduling and legislative requirements placed on the Shift Engineers and Evaporator Operators with regard to plant holidays, the above parties agree to the following procedure.
Banked Holidays. Banked Holidays shall be granted on the day requested by the employee unless to do so would interfere with the Employer’s operations, in which event the employee’s next requested day off shall be given or cash paid in lieu thereof. If not used within twelve (12) months, a banked holiday will be paid out.
Banked Holidays. If a regular employee or a temporary employee with more than six (6) months of continuous service is required to work on any day observed as a holiday and agrees in advance of that observed holiday to work for the straight time hour rate of pay rather than the premium rate of pay, then the holiday pay of twelve (12) hours may be traded for 12 hours to be added to that employee’s PTO entitlement for that calendar year. No more than thirty-six (36) hours may be acquired in this manner. When a holiday falls on an employee’s regularly scheduled work day, or on an employee’s regularly scheduled day off, the holiday may be observed on another work day within the same pay period which maybe in conjunction with the employee’s regularly scheduled days off, or any other day within that pay period. This accommodation must be by mutual Agreement between the employee and the Company and scheduled as far in advance as possible. It is understood that if any employee requests that they be excused on the fourth day of their four-day workweek, they will be compensated with twelve (12) hours of straight time pay. If the holiday falls on an employee’s regularly scheduled day off, or the fourth day of the four-day work week, and no other accommodations are made, the last scheduled, non-overtime work day, immediately preceding the holiday, shall be observed as the holiday for the purpose of this article.
Banked Holidays. The provision to bank holidays does not apply to individuals assigned to this schedule. When vacation is used in conjunction with their observed holiday, the 36 for 40 employees will not be required to work the holiday. FRIDAY = THIRTEEN (13) HOURS OF VACATION SATURDAY = THIRTEEN (13) HOURS OF VACATION SUNDAY = FOURTEEN (14) HOURS OF VACATION FRIDAY = THIRTEEN (13) HOURS OF SICK LEAVE SATURDAY = THIRTEEN (13) HOURS OF SICK LEAVE SUNDAY = FOURTEEN (14) HOURS OF SICK LEAVE
Banked Holidays a. The annual selection, by rotating shift employees only, of up to 3 eight-hour holidays (whether worked or not) to be taken as time off on date(s) of their choice following the designated holiday(s) consistent with operating requirements and provided the Company incurs no increase to operating costs. b. Employees wishing to designate one, two, or three holidays to be taken in a deferred manner following the actual holiday date(s) must notify the Company in writing not later than February 1 of each year of their intent to participate. c. Employees must notify their Supervisor on the actual holiday date if it is one from which they intend to defer payment of straight time for use as time off at some later date. d. Employees must notify their Supervisor in writing at least two weeks prior to the dates(s) they wish to take as time off. Approval will be at management discretion consistent with operating requirements and operating costs. e. Employees who have not scheduled and taken the banked holiday time off by the last day of November of each year will receive straight time for the unused banked day(s) in the first pay period in December. f. There will be no carryover of deferred time off into any following year. g. Employee benefits will not be reduced by banking a holiday.
Banked Holidays. 13.5.1 Banked holidays are only applicable to full-time regular employees.
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Banked Holidays. Employees working in a twenty-four (24) hour program (i.e. Juvenile Home), may bank holiday hours when the holiday falls on the employee’s regularly scheduled day off. Holiday time can be banked, but there is to be no carryover from December 31st to January 1st and can only be used in increments as they are received, normally eight (8) hours. Requests to utilize banked holiday must be made forty-eight (48) hours in advance and will be granted based on the same language as PTO requests. An employee choosing not to bank the holiday shall receive an additional day’s pay in lieu of the time off. At termination any banked holiday hours will be paid out at the straight time regular rate of pay an employee is earning at the time of termination.
Banked Holidays. Additional personal holidays may be banked. Banked holidays will be allowed to be carried over for a one year period. The one year period is initiated from the date that it was earned. (Example: Christmas, 2014 can be banked until Christmas Eve 2015.) 14.5.1 Banked holidays are only applicable to full-time regular employees. 14.5.2 An employee may, at his option bank not more than three (3) holidays per rolling 12 month period. 14.5.3 An employee who is scheduled to work on a holiday who elects to bank that holiday must, on that holiday, notify supervision for inclusion on the weekly time sheet they are banking that holiday. 14.5.4 Employees who bank a holiday shall be paid their straight-time hourly rate for all hours worked on the holiday they have banked. Such hours worked shall be considered as a regular workday. 14.5.5 Employees who wish to use a Personal or Banked holiday must in writing, submit their request to the Operations Supervisor or his designee not less than fourteen (14) days in advance of the date requested. 14.5.6 The approval of banked holiday requests are at the sole discretion of the Employer. 14.5.7 Banked holidays when taken shall be eight (8) hours at the employee's straight- time hourly rate. Hours paid under this section shall not be considered as time worked for the purposes of computing overtime. 14.5.8 Unused banked holidays will be paid not later than the second pay period following the one year period after the banking of said holiday.
Banked Holidays. Full-time Employees 44 22.06 Christmas and New Year’s Scheduling 44 23.01 Vacation Entitlement 44 23.02 Vacation Requests 46 23.03 Vacation Scheduling and Administration 47 23.04 Work During Vacation 47
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