Common use of Banked Time Program Clause in Contracts

Banked Time Program. 1. Employees covered by this agreement who wish to participate in this program will be required to enroll in the banked time program by completing an enrolment form and forwarding to the Payroll Department in Concord. 2. Once enrolled employees will be able to elect to deposit and withdraw overtime hours from their bank at any time. 3. Banked overtime will be deposited as equivalent regular time hours (ie: 1 hr of overtime is banked as 1.5 regular hours, 1 hr of double time is banked as 2 regular hours). 4. Employees will be allowed to bank up to 80 hours per calendar year, however no more than 80 hours may be in an employee’s bank at any time. 5. Deposits to banked time will be indicated utilizing the proper code (see below) on the employee’s timecard and withdrawals will be requested through the local branch payroll administrator. Blank or 0 Regular time 1 Overtime 2 Double time B Banked Overtime 6. Withdrawals will be paid on the employee’s next regularly scheduled paycheque. 7. The current dollar value of the overtime bank will be printed on each regular paycheque stub. 8. Employees will be permitted to take a maximum of forty (40) hours of scheduled banked time off in any vacation year, subject to the following: i. All vacation time must be taken or scheduled before banked time can be used, except for those instances where banked time is being used to supplement occasional losses in basic pay due to medical appointments, sick days, etc. ii. Banked time used to supplement occasional losses in basic pay will not be included as part of the maximum of forty (40) hours per vacation year. 9. Banked time is not to be considered as a guarantee of equivalent time off work. The ability to grant banked time off is subject to local management discretion taking into account the needs of the business. 10. Banked time may not be carried over from one vacation year to the next. All banked time will automatically be paid to employees on the first paycheque in July of each year. APPENDIX SKILLED TRADES APPENDIX 1. The skilled trades covered by this Appendix are as follows. Any reference in the general agreement to the term "skilled trade" includes only employees classified in the listed trades. The skilled trades covered by this Appendix constitute those trades for which an apprenticeship is usually served, together with those classifications which form a part of an apprenticeable trade. Journeyperson Mechanic Welder Fitter Maintenance Mechanic Industrial Wireperson Welder Field Service Mechanic Engine Generator System Technician 2. The Company agrees to deduct Canadian Skilled Trades Council dues in the amount of one‐half hour pay per year upon receipt of individual authorization cards signed by the employee. 3. The Company will advance the payment of EI allowances to apprentices while attending school on the understanding that payments from EI will be signed over to the Company. 4. Progression of Apprentices: Refer to the Company Policy. 5. Where an employee wishes to upgrade their skills by attending training courses in addition to those offered by the Company, the Company will assist the employee with the cost of the training program. All Company participation is subject to the employee’s successful completion of the course. The area supervisor or manager will assist the employee in assessing the type of programs that are most relevant for them and the degree of Company compensation that applies. The amount of financial assistance provided will vary depending on how relevant the program is to the employee’s work. The following examples can be used as a guide:

Banked Time Program. 1. Employees covered by this agreement who wish to participate in this program will be required to enroll in the banked time program by completing an enrolment form and forwarding to the Payroll Department in Concord. 2. Once enrolled employees will be able to elect to deposit and withdraw overtime hours from their bank at any time. 3. Banked overtime will be deposited as equivalent regular time hours (ie: 1 hr of overtime is banked as 1.5 regular hours, 1 hr of double time is banked as 2 regular hours). 4. Employees will be allowed to bank up to 80 hours per calendar vacation year, however no more than 80 hours may be in an employee’s bank at any time. 5. Deposits to banked time will be indicated utilizing the proper code (see below) on the employee’s timecard and withdrawals will be requested through the local branch payroll administrator. Blank or 0 Regular time 1 Overtime 2 Double time B Banked OvertimeOvertime C Banked Double time 6. Withdrawals will be paid on the employee’s next regularly scheduled paycheque. 7. The current dollar value of the overtime bank will be printed on each regular paycheque stub. 8. Employees will be permitted to take a maximum of forty (40) hours of scheduled banked time off in any vacation year, subject to the following: i. All vacation time must be taken or scheduled before banked time can be used, except for in those instances where banked time is being used to supplement occasional losses in basic pay due to medical appointments, sick days, etc. ii. Banked time used to supplement occasional losses in basic pay will not be included as part of the maximum of forty (40) hours per vacation year. 9. Banked time is not to be considered as a guarantee of equivalent time off work. The ability to grant banked time off is subject to local management discretion taking into account the needs of the business. 10. Banked time may not be carried over from one vacation year to the next. All banked time will automatically be paid to employees on the first paycheque in July of each year. APPENDIX SKILLED TRADES APPENDIX 1. The skilled trades covered by this Appendix are as follows. Any reference in the general agreement to the term "skilled trade" includes only employees classified in the listed trades. The skilled trades covered by this Appendix constitute those trades for which an apprenticeship is usually served, together with those classifications which form a part of an apprenticeable trade. Journeyperson Mechanic Welder Fitter Maintenance Mechanic Industrial Wireperson Welder Field Service Mechanic Engine Generator System Technician 2. The Company agrees to deduct Canadian Skilled Trades Council dues in the amount of one‐half hour pay per year upon receipt of individual authorization cards signed by the employee. 3. The Company will advance the payment of EI allowances to apprentices while attending school on the understanding that payments from EI will be signed over to the Company. 4. Progression of Apprentices: Refer to the Company Policy. 5. Where an employee wishes to upgrade their skills by attending training courses in addition to those offered by the Company, the Company will assist the employee with the cost of the training program. All Company participation is subject to the employee’s successful completion of the course. The area supervisor or manager will assist the employee in assessing the type of programs that are most relevant for them and the degree of Company compensation that applies. The amount of financial assistance provided will vary depending on how relevant the program is to the employee’s work. The following examples can be used as a guide:

Banked Time Program. 1. Employees covered by this agreement who wish to participate in this program will be required to enroll in the banked time program by completing an enrolment form and forwarding to the Payroll Department in Concord. 2. Once enrolled employees will be able to elect to deposit and withdraw overtime hours from their bank at any time. 3. Banked overtime will be deposited as equivalent regular time hours (ie: 1 hr of overtime is banked as 1.5 regular hours, 1 hr of double time is banked as 2 regular hours). 4. Employees will be allowed to bank up to 80 hours per calendar year, however no more than 80 hours may be in an employee’s bank at any time. 5. Deposits to banked time will be indicated utilizing the proper code (see below) on the employee’s timecard and withdrawals will be requested through the local branch payroll administrator. Blank or 0 Regular time 1 Overtime 2 Double time B Banked OvertimeOvertime C Banked Doubletime 6. Withdrawals will be paid on the employee’s next regularly scheduled paycheque. 7. The current dollar value of the overtime bank will be printed on each regular paycheque stub. 8. Employees will be permitted to take a maximum of forty (40) hours of scheduled banked time off in any vacation year, subject to the following: i. All vacation time must be taken or scheduled before banked time can be used, except for those instances where banked time is being used to supplement occasional losses in basic pay due to medical appointments, sick days, etc. ii. Banked time used to supplement occasional losses in basic pay will not be included as part of the maximum of forty (40) hours per vacation year. 9. Banked time is not to be considered as a guarantee of equivalent time off work. The ability to grant banked time off is subject to local management discretion taking into account the needs of the business. 10. Banked time may not be carried over from one vacation year to the next. All banked time will automatically be paid to employees on the first paycheque in July of each year. APPENDIX SKILLED TRADES APPENDIX 1. The skilled trades covered by this Appendix are as follows. Any reference in the general agreement to the term "skilled trade" includes only employees classified in the listed trades. The skilled trades covered by this Appendix constitute those trades for which an apprenticeship is usually served, together with those classifications which form a part of an apprenticeable trade. Journeyperson Mechanic Welder Fitter Maintenance Mechanic Industrial Wireperson Welder Field Service Mechanic Engine Generator System Technician 2. The Company agrees to deduct Canadian Skilled Trades Council dues in the amount of one‐half hour pay per year upon receipt of individual authorization cards signed by the employee. 3. The Company will advance the payment of EI allowances to apprentices while attending school on the understanding that payments from EI will be signed over to the Company. 4. Progression of Apprentices: Refer to the Company Policy. 5. Where an employee wishes to upgrade their skills by attending training courses in addition to those offered by the Company, the Company will assist the employee with the cost of the training program. All Company participation is subject to the employee’s successful completion of the course. The area supervisor or manager will assist the employee in assessing the type of programs that are most relevant for them and the degree of Company compensation that applies. The amount of financial assistance provided will vary depending on how relevant the program is to the employee’s work. The following examples can be used as a guide:

Banked Time Program. 1. Employees covered by this agreement who wish to participate in this program will be required to enroll in the banked time program by completing an enrolment form and forwarding to the Payroll Department in Concord. 2. Once enrolled employees will be able to elect to deposit and withdraw overtime hours from their bank at any time. 3. Banked overtime will be deposited as equivalent regular time hours (ie: 1 hr of overtime is banked as 1.5 regular hours, 1 hr of double time is banked as 2 regular hours). 4. Employees will be allowed to bank up to 80 120 hours per calendar year, however no more than 80 hours may be in an employee’s bank at any time.than 5. Deposits to banked time will be indicated utilizing the proper code (see below) on the employee’s timecard and withdrawals will be requested through the local branch payroll administrator. Blank or 0 Regular time 1 Overtime 2 Double time B Banked OvertimeOvertime C Banked Doubletime 6. Withdrawals will be paid on the employee’s next regularly scheduled paycheque. 7. The current dollar value of the overtime bank will be printed on each regular paycheque stub. 8. Employees will be permitted to take a maximum of forty (40) hours of scheduled banked time off in any vacation year, subject to the following: i. All vacation time must be taken or scheduled before banked time can be used, except for those instances where banked time is being used to supplement occasional losses in basic pay due to medical appointments, sick days, etc. ii. Banked time used to supplement occasional losses in basic pay will not be included as part of the maximum of forty (40) hours per vacation year. 9. Banked time is not to be considered as a guarantee of equivalent time off work. The ability to grant banked time off is subject to local management discretion taking into account the needs of the business. 10. Banked time may not be carried over from one vacation year to the next. All banked time will automatically be paid to employees on the first paycheque in July of each year. APPENDIX SKILLED TRADES APPENDIX 1. The skilled trades covered by this Appendix are as follows. Any reference in the general agreement to the term "skilled trade" includes only employees classified in the listed trades. The skilled trades covered by this Appendix constitute those trades for which an apprenticeship is usually served, together with those classifications which form a part of an apprenticeable trade. Journeyperson Mechanic Welder Fitter Maintenance Mechanic Industrial Wireperson Welder Field Service Mechanic Engine Generator System Technician 2. The Company agrees to deduct Canadian Skilled Trades Council dues in the amount of one‐half hour pay per year upon receipt of individual authorization cards signed by the employee. 3. The Company will advance the payment of EI allowances to apprentices while attending school on the understanding that payments from EI will be signed over to the Company. 4. Progression of Apprentices: Refer to the Company Policy. 5. Where an employee wishes to upgrade their skills by attending training courses in addition to those offered by the Company, the Company will assist the employee with the cost of the training program. All Company participation is subject to the employee’s successful completion of the course. The area supervisor or manager will assist the employee in assessing the type of programs that are most relevant for them and the degree of Company compensation that applies. The amount of financial assistance provided will vary depending on how relevant the program is to the employee’s work. The following examples can be used as a guide: