Maximum Banked Hours. A maximum of one hundred and twenty (120) hours may be accrued as banked hours and may be withdrawn by an employee in whole or in part at their regular rate at time of withdrawal. In the event an employee also wishes time off, such time will be by mutual agreement and subject to the operating needs of the business.
Maximum Banked Hours. Banked hours from one contract year to the next shall not exceed one hundred percent (100%) of the faculty member’s annual load. Subsequent banked hours beyond the limitation shall be paid in full at the overload rate applicable at the time of banking at the completion of each academic year.