Common use of Banked Overtime Clause in Contracts

Banked Overtime. Employees will be allowed to bank a maximum of eighty (80) cumulative hours, at their regular hourly rate, of overtime per calendar year. The Company will, subject to the requirements of the business, grant time off to employees which will be paid out of the employee’s banked overtime. Upon two (2) weeks’ notice, the employees may request to be paid out all monies in their overtime bank to be included in their next payroll cheque. In any event, all employees banked overtime balances will be reduced to zero by payment on their payroll cheque at each calendar year-end or when they leave the Company.

Banked Overtime. Employees Full time employees will be allowed to bank a maximum of eighty 80 (80cumulative) cumulative hours, at their regular regularly hourly rate, of overtime per calendar year. The Company will, subject to the requirements of the business, grant time off to employees employees, which will be paid out of the employee’s banked overtime. Upon two (2) 2 weeks’ notice, the employees employee may request to be paid out all monies in their his overtime bank bank, to be included in their next payroll cheque. In any event, all employees employees’ banked overtime balances will be reduced to zero zero, by payment on their payroll cheque at each calendar year-end year end, or when they leave the Company.

Banked Overtime. Employees Full-time employees will be allowed to bank a maximum of eighty 80 (80cumulative) cumulative hours, at their regular regularly hourly rate, of overtime per calendar year. The Company will, subject to the requirements of the business, grant time off to employees employees, which will be paid out of the employee’s banked overtime. Upon two (2) 2 weeks’ notice, the employees may request to be paid out all monies in their his overtime bank bank, to be included in their next payroll cheque. In any event, all employees employees’ banked overtime balances will be reduced to zero zero, by payment on their payroll cheque at each calendar year-end year end, or when they leave the Company.