Common use of Banking of Overtime Hours Clause in Contracts

Banking of Overtime Hours. During the 2000 negotiations, the Union submitted a proposal for “banking overtime”. It was agreed the concept of “banked overtime” is to allow employees time off for personal purposes and it is not intended that “banked overtime” be used in conjunction with or will be combined with other forms of time off to increase an employee’s vacation period. It was agreed as part of these negotiations that “banking overtime” as a concept could be implemented on a trial basis in all the Unifor North areas of the company under the following terms and conditions. Employees will have the option of being paid for overtime hours worked at the applicable overtime rate, or being paid for overtime hours worked at their regular rate of pay and “banking” an equivalent number of hours. The number of “banked” hours must not exceed twenty-four (24) hours at any time. The unused “banked” hours will be paid out at periods during the calendar year agreed to by both parties (e.g. six month period), or at a minimum at the end of the calendar year. Employees will be paid at their regular rate of pay for these “banked overtime” hours that are paid out. LETTER OF INTENT #8 Employees must receive prior management approval to take time off using “banked” overtime hours. Approval will be subject to the Company’s operating requirements and when approval is given, the employee will be paid for the scheduled time off at his/her regular rate of pay. Management and Local Unit representatives will meet to discuss and mutually agree on the administration of the “banked overtime” process. It is agreed the trial period will be the term of the agreement. Xxxxx Xxxxxx Manager Labour & Employment Relations TT/pk LETTER OF INTENT #9 November 28, 2003

Banking of Overtime Hours. During the 2000 negotiations, the Union submitted a proposal for “banking overtime”. It was agreed the concept of “banked overtime” is to allow employees time off for personal purposes and it is not intended that “banked overtime” be used in conjunction with or will be combined with other forms of time off to increase an employee’s vacation period. It was agreed as part of these negotiations that “banking overtime” as a concept could be implemented on a trial basis in all the Unifor CEPU North areas of the company under the following terms and conditions. Employees will have the option of being paid for overtime hours worked at the applicable overtime rate, or being paid for overtime hours worked at their regular rate of pay and “banking” an equivalent number of hours. The number of “banked” hours must not exceed twenty-four (24) hours at any time. The unused “banked” hours will be paid out at periods during the calendar year agreed to by both parties (e.g. six month period), or at a minimum at the end of the calendar year. Employees will be paid at their regular rate of pay for these “banked overtime” hours that are paid out. LETTER OF INTENT #8 Employees must receive prior management approval to take time off using “banked” overtime hours. Approval will be subject to the Company’s operating requirements and when approval is given, the employee will be paid for the scheduled time off at his/her regular rate of pay. Management and Local Unit representatives will meet to discuss and mutually agree on the administration of the “banked overtime” process. It is agreed the trial period will be the term of the agreement. Xxxxx Xxxxxx Manager Labour & Employment Relations TT/pk LETTER OF INTENT #9 November 28, 2003