Banked Overtime Provisions. An employee working overtime for which he/she is entitled to payment at the rate of double his/her regular wage rate, shall elect to be paid for such overtime in accordance with the following:
Banked Overtime Provisions. An employee overtime for which she is entitled to payment at the rate of double time The option of receiving straight time overtime pay for each hour worked, plus the balance of hours as time off; or The option of receiving time off equivalent to double time off when applicable. If the employee elects to receive time off in lieu of overtime rates, shall inform Manager of this option prior to reporting such overtime. The maximum amount of leave an employee may bank and maintain will be equivalent to the hours the employee would work in a four (4) week period, as defined in Article Banked Overtime leave will be taken as leave at a time mutually agreeable to the employee and Manager. Such leave will be scheduled in full units of one day during slack periods. Leave will not be granted if it would directly result in more overtime. Where the demands of service necessitate, the Company shall have the right to defer a leave request. Any scheduled leave may be cancelled as a result of Company requirements. On request, an employee may elect to have Banked Overtime paid on regular paycheque. Such payment will only be made in increments of one (1) day or of all banked overtime credits. An employee must receive in full for all outstanding Banked Overtime prior to the end of each vacation year, on the thirtieth (30th) day of April. No carry over will be allowed. Payout shall be based on the employee's rate of pay at the time of payout. The scheduling of annual vacations shall take precedence over Banked Overtime leave. Banked Overtime provisions will not apply to a Company holiday which is included as part of an employee's regular schedule. ARTICLE regular wage rate, shall elect to be paid for such overtime in accordance with the following:
Banked Overtime Provisions. An employee working overtime for which she is entitled to payment at the rate of double his/her regular wage rate, shall elect to be paid for ARTICLE such overtime in accordance with the following: VACATIONS Such overtime to be paid for at the overtime rate; or The option of receiving straight time overtime pay for each hour worked, plus the balance of hours as time or The option of receiving time off equivalent to double time off when applicable. If the employee elects to receive time off in lieu of overtime rates, he/she shall inform his/her Manager of this option prior to reporting such overtime. The maximum amount of leave an employee may bank and maintain will be equivalent to the hours the employee would normally work in a two week period, as defined in Article
