Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. When an employee is required to work overtime he or she may, if the Employer agrees, elect to receive time off instead of payment. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election at the time of completing his/her overtime claim sheet.

Banking of Overtime. When If an employee is required to work overtime he or she overtime, the employee may, if upon prior approval from the Employer agreesAdministrator or Manager, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3above. The Such banked time shall be taken by the employee at a time mutually convenient to the Division and the employee, and failing agreement, the employee shall make his election at be paid for the time of completing his/her overtime claim sheetbanked overtime.

Banking of Overtime. When If an employee is required to work overtime he or overtime, she may, if upon prior approval from the Employer agreesSecretary-Treasurer or designate, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election at the time of completing his/her overtime claim sheetabove.

Banking of Overtime. When If an employee is required to work overtime he or overtime, she the employee may, if upon prior approval from the Employer agreesAdministrator or Manager Secretary-Treasurer, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3above. The Such banked time shall be taken by the employee at a time mutually convenient to the Division and the employee, and failing agreement, the employee shall make his election at be paid for the time of completing his/her overtime claim sheetbanked overtime.