Common use of Banking Overtime Clause in Contracts

Banking Overtime. The purpose of banked overtime is to offset the loss of wages due to a reduction in the regular hours of work as per Article 17.01. Banked overtime may also be used to offset loss of wages due to the employee’s absence from work due to sick time, medical appointment attendance, and family responsibility leave or to extend bereavement leave. In addition an employee may utilize a maximum of five (5) days of banked overtime as paid time off work however it cannot be used in conjunction with vacation time off.

Banking Overtime. The purpose of banked overtime is to offset the loss of wages due to a reduction in the regular hours of work as per Article 17.018. Banked overtime may also be used to offset loss of wages due to the employee’s absence Employees who are absent from work due to sick timeillness and/or injury, medical appointment attendance, and family responsibility leave or leave, to extend bereavement leave. In addition an employee may utilize a maximum of five (5) days of , or any other applicable requested time off work, must use banked overtime as paid time off work however it cannot be used in conjunction with vacation time offto offset loss of wages.