Common use of Banked Hours Clause in Contracts

Banked Hours. A maximum of one hundred and twenty (120) hours may be accrued as banked hours and may be withdrawn in whole or in part at their regular rate in time off. Seven (7) days notice of intent to withdraw banked hours must be given to Management. Employees leaving the service of the Employer shall be paid out all remaining hours in their overtime bank.

Banked Hours. A maximum of one hundred and twenty (120) hours hours, converted to the equivalent of dollars based on the hourly rate at which it was earned, may be accrued as banked hours and may be withdrawn by an employee in whole or in part at their regular rate in at time of withdrawal. In the event an employee also wishes time off. Seven (7) days notice of intent , such time will be by mutual agreement and subject to withdraw banked hours must be given to Management. Employees leaving the service operating needs of the Employer shall be paid out all remaining hours in their overtime bankbusiness.

Banked Hours. A maximum of one hundred and twenty (120) hours 120 hours, converted to the equivalent of dollars based on the hourly rate at which it was earned, may be accrued as banked hours and may be withdrawn by an employee in whole or in part at their regular rate in at time of withdrawal. In the event an employee also wishes time off. Seven (7) days notice of intent , such time will be by mutual agreement and subject to withdraw banked hours must be given to Management. Employees leaving the service operating needs of the Employer shall be paid out all remaining hours in their overtime bankbusiness.