Common use of Overtime Banks Clause in Contracts

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is 40 at any given time; (c) Payment of hours out of the overtime bank will be at the Employee’s rate of pay at the time the Employee is paid out of their banked time as wages; (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates; (e) Time off requests must be given to the Company at least one month prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is 40 at any given time; (c) Payment of hours out of the overtime bank will be at the Employee’s rate of pay at the time the Employee is paid out of their banked time as wages; (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates; (e) Time off requests must be given to the Company at least one month prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is forty (40 x 1.5 = 60 hours) at any given time;. The banked balance will be itemized on each pay statement. (c) Payment Notwithstanding any provisions of the Collective Agreement to the contrary: i. payment of hours out of the overtime bank will be at the Employee’s same regular rate of pay that applied at the time the Employee is hours being paid out were earned and put into the bank; and ii. banked hours that are taken out as paid time will be paid at the Employee’s same regular rate of their banked pay that applied at the time as wages;the hours now taken out and being paid were earned and put into the bank. (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates;. (e) Time off requests must be given to the Company at least twenty-one month (21) days prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is 40 (40 x 1.5 = 60 hours) at any given time;. The banked balance will be itemized on each pay statement. (c) Payment Notwithstanding any provisions of the Collective Agreement to the contrary: i. payment of hours out of the overtime bank will be at the Employee’s same regular rate of pay that applied at the time the Employee is hours being paid out were earned and put into the bank; and ii. banked hours that are taken out as paid time will be paid at the Employee’s same regular rate of their banked pay that applied at the time as wages;the hours now taken out and being paid were earned and put into the bank. (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates;. (e) Time off requests must be given to the Company at least one month prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.two

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is forty (40 x 1.5 = 60 hours) at any given time;. The banked balance will be itemized on each pay statement. (c) Payment Notwithstanding any provisions of the Collective Agreement to the contrary: i. payment of hours out of the overtime bank will be at the Employee’s same regular rate of pay that applied at the time the Employee is hours being paid out were earned and put into the bank; and ii. banked hours that are taken out as paid time will be paid at the Employee’s same regular rate of their banked pay that applied at the time as wages;the hours now taken out and being paid were earned and put into the bank. (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates;. (e) Time off requests must be given to the Company at least one month fourteen (14) days prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.

Overtime Banks. Employees may at their option “bank” overtime hours for the purpose of taking paid time off according to the following: (a) Banking will be on the basis of one and one half hours (1.5 hours) banked for each overtime hour worked; (b) The maximum number of banked overtime hours is 40 (40 x 1.5 = 60 hours) at any given time;. The banked balance will be itemized on each pay statement. (c) Payment Notwithstanding any provisions of the Collective Agreement to the contrary: i. payment of hours out of the overtime bank will be at the Employee’s same regular rate of pay that applied at the time the Employee is hours being paid out were earned and put into the bank; and ii. banked hours that are taken out as paid time will be paid at the Employee’s same regular rate of their banked pay that applied at the time as wagesthe hours now taken out and being paid were earned and put into the bank;. (d) Banked hours may be taken as paid time off at a time mutually agreeable to the Company and the Employee having regard to the Company’s operational requirements. Time off from an Employee’s bank will not be taken if doing so would require the Company to pay overtime rates; (e) Time off requests must be given to the Company at least one month prior to the date(s) for which time off is being requested. Requests will be considered in order of seniority amongst those Employees with their request on file when the time off is considered. (f) If any hours remain in an Employee’s overtime bank at the end of any calendar year, those overtime hours remaining will be paid out and no banked overtime may carry over from year to year.