Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. Overtime hours up to maximum of thirty-five (35) hours per year may be accumulated and given as time off with pay on a rate of pay basis and not on an equal time basis, such time off shall be taken at a mutually agreeable time. Where it is not possible to grant time off employees shall receive overtime pay. Arrangements for such time off or pay shall be confirmed within thirty (30) calendar days.

Banking of Overtime. Overtime hours hours, up to a maximum of thirty-five (35) hours per year at any given time, may be accumulated and given as time off with pay on a rate of pay basis and not on an equal time basis, such time off shall be taken at a mutually agreeable time. Where it is not possible to grant time off employees shall receive overtime pay. Arrangements Arrangement for such time off or pay shall be confirmed within thirty (30) calendar days.

Banking of Overtime. Overtime [1] An employee may elect not to receive pay for overtime and have such overtime hours up credited at premium rates to maximum of thirty-five (35) a bank for later time off. Example: Eight [8] hours worked at one and one half [1 1/2] equals twelve [12] hours banked. Six [6] hours worked at double time equals twelve [12] hours banked. [2] Total eligible time off hours in the bank shall not exceed fifty-­‐two and one-­‐half [52 1/2] hours per year may be accumulated and given as time off with pay on a rate of pay basis and not on an equal time basisannum, such time off shall which must be taken at a mutually agreeable time. Where it is not possible to grant time off employees shall receive overtime pay. Arrangements for such time off before December 31 of each year, or pay shall the balance will be confirmed within thirty (30) calendar dayspaid out.

Banking of Overtime. Approved overtime worked will be paid, or at the request of the employee banked. Overtime shall be in equivalent hours up to maximum of the overtime payment entitlement. Banked overtime shall not exceed thirty-five (35) hours per year hours. Banked overtime may be accumulated and given as time off with pay on a rate of pay basis and not on an equal time basis, such time off shall be taken at a time that is mutually agreeable timebetween the employee and her Supervisor. Where it is not possible to grant time off employees shall receive Unused banked overtime pay. Arrangements for such time off or pay shall as of September 30th of each year will be confirmed within thirty (30) calendar dayspaid out.

Banking of Overtime. Overtime Instead of cash payment for overtime, an employee may choose to receive time off. Time in lieu of pay for overtime will be equivalent to hours up to maximum of thirty-five earned (35for example: if an employee works two (2) hours per year may be accumulated at time and given as time one-half, the employee will bank three (3) hours.) Time off with pay on a rate of pay basis and not on an equal time basis, such time off shall will be taken at a time mutually agreeable timeagreed by the employee and the supervisor. Where it is The employee will be allowed to bank up to a maximum of eighty (80) hours per calendar year. All banked overtime not possible used by December 31st of each year will be paid to grant time off employees shall receive the employee at the applicable overtime pay. Arrangements for such time off or pay shall be confirmed within thirty (30) calendar daysrate.