Compensatory Time Off (CTO). A. In lieu of the cash compensation for overtime provided by Section 1104, unit employees who work overtime may elect to accrue CTO provided, however, that should an employee elect to accrue CTO, the employee shall accrue only CTO hours equal to the number of overtime hours actually worked. The half-time premium for overtime hours worked shall be paid in cash at the Regular Rate of Pay.
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Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
Compensatory Time Off (CTO). A. In lieu of the cash compensation An employee eligible for overtime provided by compensation as defined in Section 1104, unit employees who work overtime B above may elect to accrue compensation in the form of time off (CTO). An employee may not be compensated in CTO provided, however, that should an employee elect to accrue CTO, the employee shall accrue only CTO for more than sixty (60) hours equal to the number of overtime hours actually workedworked in the calendar year. The half-time premium for overtime hours worked Accumulated CTO may be taken through December 31st of each calendar year. Accumulated CTO not taken by midnight December 31st shall be compensated in cash at straight time. Such compensation shall be paid in cash at January of the Regular Rate of Payfollowing year.
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