Common use of Compensatory Bank Clause in Contracts

Compensatory Bank. The compensatory time bank shall not exceed one hundred twenty (120) hours. Hours worked over the one hundred twenty (120) hours shall be paid in cash. The compensatory time bank shall be liquidated in cash at the employee’s current rate of pay if the employee leaves the Agency or bargaining unit. The Agency may require the employee to use any hours in the compensatory bank by giving the employee written notice by November 1. This compensatory time shall be scheduled off prior to the last day of the last full pay period in the following April. If the hours in the compensatory bank have not been reduced to zero (0) hours by the last day of the last full pay period in April, the hours shall be paid in cash.

Compensatory Bank. The compensatory time bank shall not exceed one hundred twenty (120) 5 hours. Hours worked over the one hundred twenty (120) hours shall be paid in cash. The 6 compensatory time bank shall be liquidated in cash at the employee’s current rate of pay if the 7 employee leaves the Agency or bargaining unit. The Agency may require the employee to use 8 any hours in the compensatory bank by giving the employee written notice by November 1. This 9 compensatory time shall be scheduled off prior to the last day of the first last full pay period in the 10 following March April. If the hours in the compensatory bank have not been reduced to zero (0) 11 hours by the last day of the last full pay period in April, the hours shall be paid in cash.

Compensatory Bank. The compensatory time bank shall not exceed one hundred twenty (120) hours. Hours worked over the one hundred twenty (120) hours shall be paid in cash. The compensatory time bank shall be liquidated in cash at the employee’s current rate of pay if the employee leaves the Agency or bargaining unit. The Agency may require the employee to use any hours in the compensatory bank by giving the employee written notice by November 1. This compensatory time shall be scheduled off prior to the last day of the last first full pay period in the following AprilMarch. If the hours in the compensatory bank have not been reduced to zero (0) hours by the last day of the last full pay period in April, the hours shall be paid in cash.