Overtime and Banked Time Off Sample Clauses

Overtime and Banked Time Off. For the purposes of calculating overtime the following factors shall be applied to regular full-time employees on a thirty-five (35) hour work week: i. For all time worked over seven (7) hours and up to ten (10) hours in a day or over thirty-five (35) hours in a week, one and one-half (1 1/2) times the straight time hourly rate. ii. For all time worked over ten (10) hours in a day, two (2) times the straight time hourly rate. For the purposes of calculating overtime the following factors shall be applied to regular full-time employees on a forty (40) hour work week and regular part-time employees: i. For all time worked over eight (8) hours and up to ten (10) hours in a day or over forty (40) hours in a week, one and one-half (1 1/2) times the straight time hourly rate. ii. For all time worked over ten (10) hours in a day, two (2) times the straight time hourly rate. By mutual agreement between the Employer and the Union, an employee may take time off work in lieu of remuneration for overtime. In such a case the time off shall be calculated in the same manner as the rates of pay as outlined above. For regular employees scheduled on a 35-hour week, the overtime bank will have a 35 hour cap; for those scheduled on a 40 hour week, there will be a 40 hour cap. Casual employees other than dispatched stage employees may bank overtime to a maximum of a 20 hour cap. The overtime bank shall be refillable by mutual agreement. Employees utilizing an overtime bank will indicate by October 31st of each year if they wish to use the time banked, providing operational circumstances allow, or have it paid out. Banked overtime shall not be carried over into the next calendar year and shall be paid out by the Employer on December 30th of each year.
Sample 1
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Overtime and Banked Time Off a) For the purposes of calculating overtime the following factors shall be applied to regular full time employees on a thirty‐five (35) hour work week: i. For all time worked over seven (7) hours and up to ten (10) hours in a day or over thirty‐five (35) hours in a week, one and one‐half (1 1/2) times the straight time hourly rate. ii. For all time worked over ten (10) hours in a day, two (2) times the straight time hourly rate. b) For the purposes of calculating overtime the following factors shall be applied to regular full time employees on a forty (40) hour work week and regular part‐time employees: i. For all time worked over eight (8) hours and up to ten (10) hours in a day or over forty (40) hours in a week, one and one‐half (1 1/2) times the straight time hourly rate. ii. For all time worked over ten (10) hours in a day, two (2) times the straight time hourly rate. c) By mutual agreement between the Employer and the Union, an employee may take time off work in lieu of remuneration for overtime. In such a case the time off shall be calculated in the same manner as the rates of pay as outlined above; banked overtime shall not be carried over into the next calendar year and shall be paid out by the Employer on December 30th of each year.
Sample 1
Overtime and Banked Time Off. ‌ a) For the purposes of calculating overtime the following factors shall be applied to regular full time employees on a thirty-five (35) hour work week: i. For all time worked over seven (7) hours and up to ten (10) hours in a day or over thirty-five (35) hours in a week, one and one-half (1 1/2) times the straight time hourly rate. ii. For all time worked over ten (10) hours in a day, two (2) times the straight time hourly rate. b) For the purposes of calculating overtime the following factors shall be applied to regular full time employees on a forty (40) hour work week and regular part-time employees: i. For all time worked over eight (8) hours and up to ten (10) hours in a day or over forty
Sample 1

Related to Overtime and Banked Time Off

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Banked Time The implementation of these provisions shall not be considered to be a layoff. 8.

  • Paid Time Off (PTO) During the Term, Executive shall be entitled to paid time off in accordance with Company’s policy in place from time to time; provided, however, that Executive shall be eligible to accrue no less than twenty (20) days per calendar year (with such amount prorated for the balance of 2017).

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.

  • Workweek A regularly re-occurring period of one hundred and sixty-eight (168) hours consisting of seven (7) consecutive twenty-four (24) hour periods. Workweeks will normally begin at 12:00 a.m. on Sunday and end at 12:00 midnight the following Saturday or as otherwise designated by the appointing authority. If there is a change in their workweek, employees will be given written notification by the appointing authority or their designee.

  • Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day

  • Paid Holidays – Long Weekends (a) When an employee is scheduled to work a weekend where a paid holiday falls on the Monday or the Friday, the Employer shall endeavour to also schedule the employee to work the paid holiday. (b) When the employee is scheduled off on a weekend where a paid holiday falls on the Monday or the Friday, the Employer shall endeavour to schedule the employee off the paid holiday. (c) In the event of a scheduling conflict, 12.07 (a) will be the deciding provision.

  • Paid Sick Leave For those jurisdictions that have passed or will pass legislation requiring Paid Sick Leave, Paid Sick Time will be billed back to Client at the straight-time bill rate for all hours taken by any Consultant assigned to Client. This section is not applicable until the effective date of such legislation has been reached.

  • Holidays Worked When an employee works on a calendar holiday, he/she shall receive payment of the holiday at the regular rate and in addition, at the discretion of the Employer, (1) be paid at the rate of time and one half for hours actually worked on the holiday or (2) be given compensatory time off equal to one and one half the number of hours actually worked.

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