Banking of Overtime November 15, 2001 Sample Clauses

Banking of Overtime November 15, 2001. Employees may, at his/her discretion, receive full payment of overtime hours worked or elect to bank the equivalent paid overtime hours in lieu of payment in accordance with the following conditions: Time off in lieu of overtime hours will be accumulated at the applicable rate. Example: Eight (8) hours worked at time and one half = four (4) hours banked and eight (8) hours paid or 12 hours paid. Eight (8) hours worked at double time = eight (8) hours banked and eight (8) hours paid or 16 hours paid. Employees cannot bank more than forty (40) hours from January 1st to December 1st of each year. (Amended February 6, 2008) Time off must be taken in terms of increments of eight (8) hours. Employees will cash in any accumulated lieu days if such time is not taken by December 1st of that year and the Company will pay out the unused lieu days on the next following regular pay. However, with notice prior to December 1st; banked time may be used between December 1st and January 1st and the monies will be paid in the following pay period. All requests to bank overtime hours must be made at the time overtime is offered and on the appropriate form supplied by the Company. A signed copy (company and employee) will be given to the employee. When employees request their lieu days off they shall do so with seven (7) calendar days notice on the appropriate form supplied by the Company and the Company will endeavor to accommodate employee's needs in this respect. The Company will supply a reasonable explanation if employees are not granted the dates requested. In such cases the Company will provide alternative dates to the employee for his her satisfaction. The Company shall reply in writing, within three (3) working days of the request. Bank time request will be on a first received first granted basis. In the event that two (2) or more employees' request to use banked time on the same day, seniority will prevail. The employee must own the bank time prior to making the request for bank time. When payment for banked time is made to an employee, the amount per hour for such time shall be calculated upon the basis of the date on which the banked time was earned. X. X. Xxxxxx Manager, Human Resources
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Related to Banking of Overtime November 15, 2001

  • Banking of Overtime (i) Tour Workers who work in excess of eight (8) consecutive hours shall have the option of receiving the overtime premium on the basis of this Section or of receiving straight time for hours in excess of eight (8) consecutive hours and taking equivalent time off in units of not less than four (4) hours at the hourly rate for the job when the work was performed, at a time suitable to the employee and the Company during the contract year. Any overtime remaining at the end of the contract year in which it is banked may be carried over to the next contract year for purposes of taking equivalent time off. If equivalent time off is not taken by the end of the contract year following the contract year in which it is earned, the Company shall pay the deferred one-half premium pay. Tour Workers who choose to bank overtime may later re-elect to receive the deferred one-half premium pay. (ii) Day Workers who work in excess of ten (10) hours in a day shall have the option of receiving the overtime premium on the basis of this Section or of receiving straight time for hours in excess of ten (10) hours in a day and taking equivalent time off in units of not less than four (4) hours at the hourly rate for the job when the work was performed, at a time suitable to the employee and the Company during the contract year. Any overtime remaining at the end of the contract year in which it is banked may be carried over to the next contract year for purposes of taking equivalent time off. If equivalent time off is not taken by the end of the contract year following the contract year in which it is earned, the Company shall pay the deferred one-half premium pay. Day Workers who choose to bank overtime may later re-elect to receive the deferred one-half premium pay. (iii) When the banked time off is requested in writing seven (7) days in advance, employees shall receive written notice of the disposition of their request a minimum of seventy-two

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  • Equalization of Overtime Overtime shall be equalized as much as possible within each division. The parties agree that when bargaining unit employees work overtime in divisions other than his/her regular division, then those hours of overtime worked are to be figured into the employee’s overtime hours in his/her regular division for the purpose of equalizing the overtime within the division. (a) Employees shall be required to provide one (1) telephone number in order to be contacted for call-out assignments. Employees at their option may provide a second telephone number at which to be contacted. However, failure to provide a second number shall not be considered a loss and/or denial of an overtime opportunity. (b) Failure to respond and a refusal to any call-out/overtime opportunity shall be charged against the employee as if worked. (c) Employees who respond to the call/out overtime and actually work shall be charged for hours worked. (d) Employees who are off work due to vacation, compensatory time, sick leave for someone other than themselves or light duty (providing the call-out assignment is consistent with the applicable light duty restrictions), shall at their choice be available for call-out situations. If the employee chooses to work the call-out, he/she will be charged the overtime worked. Also, an employee who is off due to military service is considered not available for overtime and shall not be charged overtime hours. Employees transferring to a different division shall receive for purposes of overtime equalization the average amount of overtime worked that the existing personnel within the division and classification possess at the time of transfer in order to equalize overtime under Article 11. For the purposes of this Agreement, any refusal of overtime in other divisions will be charged to the employee in his/her regular division as if he/she had actually worked those hours, in accordance with Article 12(E) (Temporary Reassignments).

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