Overtime Buy Out Sample Clauses

Overtime Buy Out. In the event that an employee has, upon terminating her/his employment, accrued paid vacation time and/or overtime owing to her/him, she/he shall, upon terminating employment receive payment thereof equal to such accrual at a rate of pay effective immediately prior to terminating employment.
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Overtime Buy Out. The City agrees to budget $175,000 for the calendar years 2011 and 2012, from which employees in the bargaining unit may cash out their accumulated compensatory time under a formula to be agreed upon between the Union and the City. If the requests exceed in total the budget in each calendar year, then such requests shall be paid on a pro rata basis no later than December 31st of each year.

Related to Overtime Buy Out

  • Overtime Bank All overtime remaining in an employee’s overtime bank at the end of the calendar year following that in which it was earned shall be paid out by the University.

  • Overtime Meal Employees requested to work more than two (2) hours overtime after completion of their regular shift, will be given one-half (1/2) hour on Company time to eat their lunch and will be given seven dollars ($7.00) meal money.

  • Overtime Meals When employees are required to work more than two (2) hours beyond their regular work days, the Employer will provide hot meals at no cost to the employees, up to a maximum of sixteen dollars ($16.00) (receipts to be submitted) plus paid meal periods of one-half (1/2) hour at the prevailing rate and thereafter at four (4) hour intervals. Any early morning start before regular starting time is entitled to a paid meal. The breakfast limit is thirteen dollars ($13.00) (receipts to be submitted). Employees called out on overtime shall be paid for meals as above, after four (4) hours work.

  • Overtime Work A. Overtime pay is to be paid at the rate of one and one- half (1½) times the basic hourly straight-time rate.

  • Overtime/Compensatory Time Overtime shall be paid for all hours worked in excess of the regularly scheduled workday. Compensatory time may be earned, in lieu of overtime, for overtime hours or hours earned under 18.7 or 18.8 of this article. In no case will compensatory time be allowed, in lieu of overtime once the employee has reached the compensatory time limit in 18.10.

  • Overtime Meal Allowances (a) An Employee who is required to work a minimum of two and one-half (2½) hours overtime before or after his/her scheduled hours of work, shall be provided with a meal or shall be reimbursed nine dollars ($9.00). A meal break of one-half (½) hour with pay shall be given at the overtime rate. This section shall not apply to an Employee who is on travel status which entitles him/her to claim for lodging and/or meals.

  • Overtime Banking Employees desiring to bank overtime may elect to do so under the following criteria: * The half time associated to overtime may be banked up to a total of 24 hours per calendar year. This limit may be replenished throughout the year. * Banked time must be taken in full day increments or the employee may elect to receive the pay. * Employees must have cleared or be scheduled to clear their hours account by December 15. If the account is not cleared then the employee will be paid the balance in cash. * Payment will be based on the current rate of pay at the time the banked time is used. * Time off must be requested in advance, unless bona fide illness. (Company will monitor) * Time off will be subject to Company service requirements and no additional cost to the Company. * Implementation of the Overtime Banking arrangement will be subject to the development of an appropriate computer system.

  • Overtime Meal Allowance ‌ An employee who works two and one-half hours of overtime immediately before or following his/her scheduled hours of work shall receive a meal allowance of seven dollars. One-half hour with pay shall be allowed the employee in order that he/she may take a meal break either at or adjacent to his/her place of work.

  • Overtime Lieu Time Where an employee has worked an accumulated approved overtime hours (other than overtime hours related to paid holidays) such employee shall have the option of electing payment at the applicable overtime rate or time off equivalent to the applicable overtime rate (i.e. where the applicable rate I time and one-half, then time off shall be at one and one-half times. Where an employee chooses the latter option, such time off must be taken within the succeeding two pay periods of the occurrence of the overtime at a time mutually agreeable to the Hospital and the employee, or payment in accordance with the former option shall be made. An employee shall not be required to take time off to avoid payment of overtime.

  • Overtime Overtime will begin to accrue after sixty (60) hours in a two (2) week period averaged over the scheduling period determined by the local parties. Overtime will apply if the employee works in excess of the normal daily hours. Payment for overtime is as in Article 16.01.

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