Common use of Banking of Hours Clause in Contracts

Banking of Hours. (a) For hours worked in excess of an employee’s normally scheduled hours where the total weekly hours or the total average weekly hours worked do not exceed forty (40), an employee will have the option to either be paid at the employee’s regular rate or to bank one (1) hour for every hour worked. (b) For hours worked in excess of forty (40) hours per week or in excess of 40 multiplied by the number of weeks in the modified schedule, an employee will have the option of either being paid in accordance with Article 16.02 or banking 1 ½ hours for every hour worked. (c) An employee will not be permitted to bank in excess of forty (40) hours at any time. (d) An employee wishing to bank any hours must advise the Employer in writing prior to the payroll cutoff date for the pay period in which the employee would receive pay for the additional hours, failing which the employee will be paid. (e) A request by an employee to use all or a portion of banked hours will be granted where the Employer in its sole discretion determines that the staffing and operational needs of the Employer will permit the same. Such requests will not be unreasonably denied. (f) An employee who has banked hours may at any time request in writing to have all banked hours paid out. Upon receipt of a request to have banked hours paid out, pay for banked hours will be added to the employee’s next regular pay cheque. (g) Payout of banked hours will be at the employee’s regular hourly rate of pay.

Banking of Hours. (a) For hours worked in excess of an employee’s normally scheduled hours where the total weekly hours or the total average weekly hours worked do not exceed forty (40), ) an employee will have the option to either be paid at the employee’s regular rate or to bank one (1) hour for every hour worked. (b) For hours worked in excess of forty (40) hours per week or in excess of 40 multiplied by the number of weeks in the modified schedule, schedule an employee will have the option of either being paid in accordance with Article 16.02 or banking 1 ½ hours for every hour worked. (c) An employee will not be permitted to bank in excess of forty thirty-five (4035) hours at any time. (d) An employee wishing to bank any hours must advise the Employer in writing prior to the payroll cutoff date for the pay period in which the employee would receive pay for the additional hours, failing which the employee will be paid. (e) A request by an employee to use all or a portion of banked hours will be granted where the Employer in its sole discretion determines that the staffing and operational needs of the Employer will permit the same. Such requests will not be unreasonably denied. (f) An employee who has banked hours may at any time request in writing to have all banked hours paid out. Upon receipt of a request to have banked hours paid out, pay for banked hours will be added to the employee’s next regular pay cheque. (g) Payout of banked hours will be at the employee’s regular hourly rate of pay.

Banking of Hours. (a) For hours worked in excess of an employee’s normally scheduled hours where the total weekly hours or the total average weekly hours worked do not exceed forty (40), an employee will have the option to either be paid at the employee’s regular rate or to bank one (1) hour for every hour worked. (b) For hours worked in excess of forty (40) hours per week or in excess of 40 multiplied by the number of weeks in the modified schedule, an employee will have the option of either being paid in accordance with Article 16.02 or banking 1 ½ hours for every hour worked. (c) An employee will not be permitted to bank in excess of forty thirty-five (4035) hours at any time. (d) An employee wishing to bank any hours must advise the Employer in writing prior to the payroll cutoff date for the pay period in which the employee would receive pay for the additional hours, failing which the employee will be paid. (e) A request by an employee to use all or a portion of banked hours will be granted where the Employer in its sole discretion determines that the staffing and operational needs of the Employer will permit the same. Such requests will not be unreasonably denied. (f) An employee who has banked hours may at any time request in writing to have all banked hours paid out. Upon receipt of a request to have banked hours paid out, pay for banked hours will be added to the employee’s next regular pay cheque. (g) Payout of banked hours will be at the employee’s regular hourly rate of pay.

Banking of Hours. (a) For hours worked in excess of an employee’s normally scheduled hours where the total weekly hours or the total average weekly hours worked do not exceed forty (40), an employee will have the option to either be paid at the employee’s regular rate or to bank one one (1) hour for every hour worked. (b) For hours worked in excess of forty (40) hours per week or in excess of 40 multiplied by the number of weeks in the modified schedule, an employee will have the option of either being paid in accordance with Article 16.02 or banking 1 ½ hours for every hour worked. (c) An employee will not be permitted to bank in excess of forty (40) hours at any time. (d) An employee wishing to bank any hours must advise the Employer in writing prior to the payroll cutoff date for the pay period in which the employee would receive pay for the additional hours, failing which the employee will be paid. (e) A request by an employee to use all or a portion of banked hours will be granted where the Employer in its sole discretion determines that the staffing and operational needs of the Employer will permit the same. Such requests will not be unreasonably denied. (f) An employee who has banked hours may at any time request in writing to have all banked hours paid out. Upon receipt of a request to have banked hours paid out, pay for banked hours will be added to the employee’s next regular pay cheque. (g) Payout of banked hours will be at the employee’s regular hourly rate of pay.