Common use of Compensatory Bank Clause in Contracts

Compensatory Bank. ‌ Overtime remuneration at the appropriate rate may be made in either cash or compensatory time off or a combination of both at the discretion of the Appointing Authority giving due regard to the desires of the nurse. The established compensatory bank will allow for a balance of at least one hundred and twenty (120) hours, or up to two hundred (200) hours at the Appointing Authority’s discretion. All overtime hours worked over the established maximum hour limit shall be compensated in cash at the hourly rate of pay that the nurse is earning. Nurses may use time in the compensatory time bank at a time(s) mutually agreeable to the nurse and the immediate supervisor. A reasonable effort shall be made to honor the nurse's request, depending on staffing needs. Such requests shall not be unreasonably denied. The Appointing Authority may require the nurse to schedule time off to use any time in the compensatory bank by written notice to the nurse no less than fourteen calendar days prior to the specified scheduled time off. Once compensatory time off has been approved or scheduled it will not be rescinded by the employer except in emergencies. The nurse may rescind requests for compensatory time off with at least twenty-eight (28) days’ notice. Compensatory time must be liquidated in cash prior to transferring to a new Appointing Authority.

Compensatory Bank. ‌ Overtime remuneration at the appropriate rate may be made in either cash or compensatory time off or a combination of both at the discretion of the Appointing Authority giving due regard to the desires of the nurse. The established compensatory bank will allow for a balance of at least one hundred and twenty (120) hours, or up to two hundred (200) hours at the Appointing Authority’s discretion. All overtime hours worked over the established maximum hour limit shall be compensated in cash at the hourly rate of pay that the nurse is earning. Nurses may use time in the compensatory time bank at a time(s) mutually agreeable to the nurse and the immediate supervisor. A reasonable effort shall be made to honor the nurse's request, depending on staffing needs. Such requests shall not be unreasonably denied. The Appointing Authority may require the nurse to schedule time off to use any time in the compensatory bank by written notice to the nurse no less than fourteen calendar days prior to the specified scheduled time off. Once compensatory time off has been approved or scheduled it will not be rescinded by the employer except in emergencies. The nurse may rescind requests for compensatory time off with at least twenty-eight (28) days’ days notice. Compensatory time must be liquidated in cash prior to transferring to a new Appointing Authority.

Compensatory Bank. ‌ Overtime remuneration at the appropriate rate may be made in either cash or compensatory time off or a combination of both at the discretion of the Appointing Authority giving due regard to the desires of the nurse. The established compensatory bank will allow for a balance of at least one hundred and twenty (120) hours, or up to two hundred (200) hours at the Appointing Authority’s discretion. All overtime hours worked over the established maximum hour limit shall be compensated in cash at the hourly rate of pay that the nurse is earning. Nurses may use time in the compensatory time bank at a time(s) mutually agreeable to the nurse and the immediate supervisor. A reasonable effort shall be made to honor the nurse's request, depending on staffing needs. Such requests shall not be unreasonably denied. The Appointing Authority may require the nurse to schedule time off to use any time in the compensatory bank by written notice to the nurse no less than fourteen calendar days prior to the specified scheduled time off. Once compensatory time off has been approved or scheduled it will not be rescinded by the employer except in emergencies. The nurse may rescind requests for compensatory time off with at least twenty-eight (28) days’ notice. Compensatory time must be liquidated in cash prior to transferring to a new Appointing Authority.