Common use of Banking of Regular Time Clause in Contracts

Banking of Regular Time. When an employee initiates a request to exchange work for time off, or time off for work, such exchanges are considered to be banking of regular time (not overtime) and are subject to the approval of a supervisory official. Approval of these regular time exchanges shall be confirmed on the appropriate form provided by the Employer. The maximum amount of time banked at any one (1) time shall not exceed twenty-one (21) hours (three [3] days) and shall be utilized within ninety (90) days of the time worked. Employees shall not be requested to initiate such exchanges or to bank regular time in substitution for overtime as defined in the Collective Agreement.

Banking of Regular Time. When an employee initiates a request to exchange work for time off, or time off for work, such exchanges are considered to be banking of regular time (not overtime) and are subject to the approval of a supervisory official. Approval of these regular time exchanges shall be confirmed on the appropriate form provided by the Employer. The maximum amount of time banked at any one (1) time shall not exceed twenty-twenty one point seven five (2121.75) hours (three [3] days) and shall be utilized within ninety (90) days of the time worked. Employees shall not be requested to initiate such exchanges or to bank regular time in substitution for overtime as defined in the Collective Agreement. Banked regular time will not be paid out except upon termination.

Banking of Regular Time. When an employee initiates a request to exchange work for time off, or time off for work, such exchanges are considered to be banking of regular time (not overtime) and are subject to the approval of a supervisory official. Approval of these regular time exchanges shall be confirmed on the appropriate form provided by the Employer. The maximum amount of time banked at any one (1) time shall not exceed twenty-twenty one point seven five (2121.75) hours (three [3] days) and shall be utilized within ninety (90) days of the time worked. Employees shall not be requested to initiate such exchanges or to bank regular time in substitution for overtime as defined in the Collective Agreement.