Common use of Lieu Banks Clause in Contracts

Lieu Banks. (a) Where a full-time nurse has worked more than 70 hours in a pay period and elects to take time in lieu of pay, hours will be added to his/her lieu bank at time and a half. (b) Where a part-time nurse works more than her regularly scheduled hours, and elects to take time in lieu of pay, hours will be added to his/her lieu bank at straight time. (c) Lieu banks will be limited to seventy (70) hours at any point in time for a full-time nurse and up to sixty (60) hours for a part-time nurse based on regular scheduled hours worked. (d) Hours owed in excess of c) above will be compensated at the employee’s regular hourly rate. (e) Lieu time off will be taken at a time mutually agreed upon by the Employer and the employee.

Lieu Banks. (a) Where a full-time nurse has worked more than 70 hours in a pay period and elects to take time in lieu of pay, hours will be added to his/her lieu bank at time and a half. (b) Where a part-time nurse works more than her regularly scheduled hours, and elects to take time in lieu of pay, hours will be added to his/her lieu bank at straight time. (c) Lieu banks will be limited to seventy (70) hours at any point in time for a full-time nurse and up to sixty fifty (6050) hours for a part-time nurse based on regular scheduled hours worked. (d) Hours owed in excess of c) above will be compensated at the employee’s regular hourly rate. (e) Lieu time off will be taken at a time mutually agreed upon by the Employer and the employee.