OVERTIME AND HOLIDAYS. (a) Overtime rate of time-and-one-half, computed on an accrual minute basis, adjusted to the nearest quarter of an hour with a minimum of one (1) hour overtime (minimum ½ hour in Cargo), shall be paid for all work performed either prior to or after an employee’s regular scheduled hours, and for the first four (4) hours in excess of eight (8) hours of straight time worked in any regular work day, and for the first (8) hours worked on one of the two (2) regular scheduled days off. Employees will have an option of taking overtime as compensatory time off (CTO) to a limit of forty (40) hours for full time employees and twenty (20) hours for part time employees. Time off will be given at a time mutually agreed between the Company and the employee. CTO will be credited at the applicable overtime rate. For example, an employee who works eight (8) hours at time-and-one-half will be credited for twelve (12) hours CTO. Any employee who works eight (8) hours at double-time will be credited for sixteen (16) hours CTO. An employee may choose to split overtime compensation between pay and CTO.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
