Common use of Cash Bank and Time off Clause in Contracts

Cash Bank and Time off. 14.01 All overtime credits received in accordance with Article 7 will be accumulated in a Cash Bank established for each employee. This Cash Bank will provide to a maximum of $6000 dollars. Any overtime credits earned over and above the allowed maximum amount will be cleared on the employee’s pay cheque for each pay period. Employees may make withdrawals from their Cash Bank for the following purposes and in the following manner.

Cash Bank and Time off. 14.01 All overtime credits received in accordance with Article 7 will be accumulated in a Cash Bank established for each employee. This Cash Bank will provide to a maximum of $6000 dollars. Any overtime over-time credits earned over and above the allowed maximum amount will be cleared on the employee’s pay cheque for each pay period. Employees may make withdrawals from their Cash Bank for the following purposes and in the following manner.