Common use of Overtime Bank Clause in Contracts

Overtime Bank. a) Employees may bank unlimited overtime and an Employee may request payout of their banked overtime at any time. b) Employees shall be permitted to take time off from banked overtime to a maximum of ten (10) days per year. Time off shall be taken at a time mutually agreed upon between the Employer and the Employee. Payment of banked overtime shall be paid at the rate at which it was earned. c) By mutual agreement, an Employee may carry over a maximum seven (7) days to augment the next year's vacation allotment. Such request shall be submitted no later than December 31st. d) All banked overtime not carried over shall be paid out by January 31st of the following year. e) Casual Employees, while working in temporary positions, can bank overtime hours until such time as the temporary position has ended. Banked overtime for Casual Employees shall be paid out in the first full pay period in December.

Overtime Bank. a) Employees may bank unlimited overtime and an Employee may request payout of their banked overtime at any timeovertime. b) Employees shall be permitted to take time off from banked overtime to a maximum of ten five (105) days per year. Time off shall be taken at a time mutually agreed upon between the Employer and the Employee. Payment of banked overtime shall be paid at the rate at which it was earned. c(i) By mutual agreement, an Employee may carry over a maximum seven of five (75) days to augment the next year's vacation allotment. Such request shall be submitted no later than November 15th in each year. (ii) The Employee will be notified by the Employer no later than December 31st1 that the request to carry over the banked overtime has been approved or not. d) All banked overtime not carried over shall be or not paid out by January 31st the first full pay period of the following yearDecember in each year shall be included in that pay. e) Casual Employees, while working in temporary positions, can bank overtime hours until such time as the temporary position has ended. Banked overtime for Casual Employees shall be paid out in the first full pay period in December.

Overtime Bank. ‌ a) Employees may bank unlimited overtime and an Employee may request payout of their banked overtime at any time. b) Employees shall be permitted to take time off from banked overtime to a maximum of ten (10) days per year. Time off shall be taken at a time mutually agreed upon between the Employer and the Employee. Payment of banked overtime shall be paid at the rate at which it was earned. c) By mutual agreement, an Employee may carry over a maximum seven (7) days to augment the next year's vacation allotment. Such request requests shall be submitted no later than December 31st. d) All banked overtime not carried over shall be paid out by January 31st of the following year. e) Casual Employees, while working in temporary positions, can bank overtime hours until such time as the temporary position has ended. Banked overtime for Casual Employees shall be paid out in the first full pay period in December.