Common use of Banked Overtime Clause in Contracts

Banked Overtime. In lieu of pay for overtime an employee may elect to put the hours at the appropriate overtime multiple into banked time. Banked time may be taken later as time off at a time satisfactory to the District; or paid out on request. Banked time shall not exceed 144 hours at any one time. Employees may request a maximum of ONE (1) separate cheque per year.

Banked Overtime. In lieu of pay for overtime an employee may elect to put the hours at the appropriate overtime multiple into banked time. Banked time may be taken later as time off at a time satisfactory to the District; or paid out on request. Banked time shall not exceed 144 one hundred and sixty (160) hours at any one time. Employees may request a maximum of ONE one (1) separate cheque per year.

Banked Overtime. In lieu of pay for overtime overtime, an employee may elect to put the hours at the appropriate overtime multiple into banked time. Banked time may be taken later as paid time off at a time mutually satisfactory to both the District; Employer and the employee, or paid out on request. Banked time shall not exceed 144 thirty- five (35) hours at any one time. Employees may request a maximum time and must be taken by March 1st of ONE (1) separate cheque per the following year.