We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Banked Overtime Hours Sample Clauses

Banked Overtime HoursIt is agreed that all employees shall have the option of either being paid or to bank all overtime hours worked. All hours banked in a calendar year will be paid at the rate of pay at the time the employee banked the overtime if the employee has not exhausted bank at the end of each calendar year. Employees wishing to take paid time off in lieu of overtime pay must provide at least two weeks` notice to their supervisor. Paid time off must be scheduled by mutual agreement between the employee and supervisor. Employees will be allowed to bank overtime in dollars until the end of the following calendar year.
Banked Overtime HoursEmployees may bank up to forty (40) hours of overtime annually, which they may use as vacation time, provided a vacation slot is available in accordance with Article 19. Unused banked hours will be paid out in the last pay period of December of each calendar year. One (1) time each calendar year an employee may request in writing that his bank of overtime hours be paid out in full, provided the employee has made such a request of the Company at least two (2) weeks prior to the Company’s next scheduled pay day.
Banked Overtime Hours. It is understood that the reporting of this information is subject to the limitations of the facility’s payroll system and subject to the acceptability to the Employer of any costs associated with modifying the payroll system.
Banked Overtime HoursEmployees may elect to bank hours of overtime, up to a maximum of eighty (80) straight time hours. This decision must be communicated to the Company, in writing, prior to December 31 each year, on an appropriate form to be provided by the Company. Banked hours are earned during the calendar year between January 1 and December 31. Banked hours will be paid at the rate the employee was receiving at the time they earned the banked hours. Banked hours will only be utilized for maximizing regular hours during a short work week or to apply against the three day waiting period referred to in 19.06(b). For the purpose of this clause it is understood that a short work week is defined as a week in which the number of scheduled work hours is less than forty (40) hours. Upon three (3) weeks notice to the Company, hours banked but not taken shall be paid upon request. Accumulated hours will be recorded and such recap shall be made available to employees upon request. RENEWED THIS 8th DAY OF JUNE , 2013 . BETWEEN: Lilydale Co-operative Inc. Abbotsford, B.C. AND: United Food and Commercial Workers International Union, Local 1518
Banked Overtime HoursIt is agreed that all employees shall have the option of either being paid or to bank all overtime hours worked. All hours banked in a calendar year to be taken as paid time off by the end of the following calendar year or paid out as regular earnings at the appropriate rate. Banked hours taken as time off will be paid at the rate of pay at the time the employee requests time off as banked, provided, however, that the monetary value of paid- out banked overtime is equal to the dollar amount banked. It is understood that the employee(s) will give the Employer at least one month’s notice of the time at which they want to use the banked overtime and the time will be mutually agreed upon by the Employer and Employee.

Related to Banked Overtime Hours

  • 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.

  • Overtime Hours Except as otherwise provided in this section, all hours worked in excess of the established work day, before or after an employee's regular scheduled shift, or on any regularly scheduled day off, shall be considered overtime. All paid vacation time, paid holidays, paid sick leave, compensatory time off, and paid leaves of absence shall be considered as "time worked" for purposes of this Article. Part-time employees whose established work day is less than eight (8) hours shall not be considered to be working overtime until having completed eight (8) hours of work.

  • Scheduled Overtime Scheduled overtime is overtime which is assigned by the end of the employee's last worked shift prior to the overtime assignment and which does not immediately precede or immediately follow a scheduled work shift. Unless notified otherwise in advance of the scheduled starting time of the scheduled overtime assignment, any employee who is scheduled to report for work and who reports as scheduled shall be assigned at least two (2) hours work. If work is not available, the employee may be excused from duty and paid for two (2) hours at the employee's appropriate rate. If the employee begins work but is excused from duty before completing two (2) hours of work, the employee shall be paid for two (2) hours at the employee's appropriate rate.

  • WORKING HOURS AND OVERTIME 18 ARTICLE 6 - WAGES 26

  • Unscheduled Overtime I. a payment of forty dollars ($40.00) as a meal allowance. II. a payment of thirty (30) minutes at straight time rates in lieu of the meal break: and III. a fifteen (15) minute rest break at the applicable rate of pay

  • Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day

  • Daily Overtime All employees shall be paid the applicable overtime rate of time and one-half (1-1/2) for all time worked in excess of eight (8) hours per day.

  • Shift Hours All shifts assigned by the Employer must conform with the following guidelines: (a) Four (4) hour shifts will be the minimum shift permitted in any one (1) day. (b) Shifts of 4, 6 or 8 hours may be assigned, subject to the provisions of Article 9.05.

  • HOURS AND OVERTIME A. Workweek The workweek shall consist of no more than five (5) consecutive days of eight (8) hours/day. This Article shall not restrict the extension of the regular workday or workweek on an overtime basis when such is necessary to carry on the business of the District. The District may establish a ten (10) hour/day, four (4) day work week for all or certain classes of its employees or for employees within a class if the District and the affected employees mutually agree to such a calendar. The President of CSEA Ceres #140 will be notified prior to implementing such a change. B. Work Year All employees will be required to complete a Positive Work Year Calendar for the following year. Notwithstanding any other provisions in this agreement, the work year for school site based ten (10) month employees may be assigned to begin up to fifteen (15) workdays earlier than the first student instructional day. C. Workday An employee with prior approval by his/her supervisor or a supervisor with the approval of the employee may modify the employee’s workday to accommodate a short-term (maximum thirty (30) calendar days) special need, but in no case will the number of hours worked that day be less than assigned. If an agreement cannot be reached, an employee’s supervisor may modify an employee’s workday to accommodate a short-term (maximum thirty (30) calendar days) special need, but in no case will the number of hours worked that day be less than assigned. The employee shall receive no less than a 3 work day prior written notice of the workday change. On an annual basis, a supervisor may modify an employee’s workday (starting and ending times) by no more than 30 minutes without the employee’s permission upon receiving the prior approval of an Assistant Superintendent. The employee shall receive written notice at least thirty (30) calendar days prior to this change taking place. CSEA will be consulted. D. Lunch Periods All employees covered by this Agreement shall be entitled to an uninterrupted lunch period after the employee has been on duty for four (4) hours. The length of time for such lunch shall be for a period of no longer than one hour nor less than one-half (1/2) hour and shall be scheduled for full-time employees at or about the midpoint of each work shift. This also applies to overtime assignments of four hours or more.

  • Overtime Work A. Overtime pay is to be paid at the rate of one and one- half (1½) times the basic hourly straight-time rate. B. Overtime shall be paid to employees for work performed only after eight (8) hours on duty in any one (1) service day or forty (40) hours in any one (1) service week. Nothing in this Section shall be construed by the parties or any reviewing authority to deny the payment of overtime to employees for time worked outside of their regularly scheduled work week at the request of the Employer. C. Penalty overtime pay is to be paid at the rate of two