Common use of Banking of Overtime Hours Clause in Contracts

Banking of Overtime Hours. (a) Overtime compensation, at the applicable rates outlined in Article 7.11, shall be monetary or in time off, at the employee's option. If the employee chooses time off, such time shall be scheduled by mutual agreement of the employee and the Employer. (b) Overtime banked from January to June each year shall be taken prior to December 31st of that year, and overtime banked from July to December shall be taken prior to June 30th the following year. Under special circumstances an employee may apply to the Joint Labour Management Committee to carry over banked time beyond these limits.

Banking of Overtime Hours. (a) Overtime compensation, at the applicable rates outlined in Article 7.11, shall be monetary or in time off, at the employee's option. If the employee chooses time off, such time shall be scheduled by mutual agreement of the employee and the Employeremployer. (b) Overtime banked from January to June each year shall be taken prior to December 31st of that year, and overtime banked from July to December shall be taken prior to June 30th the following year. Under special circumstances an employee may apply to the Joint Labour Management Committee to carry over banked time beyond these limits.