Common use of Overtime Options Clause in Contracts

Overtime Options. (1) Employees shall have the option of being compensated for overtime in cash or time off, to a maximum of ten (10) banked days per annum, provided that: (i) they indicate they wish to bank the time at the time the overtime is worked; (ii) the time off can be scheduled at a time that is mutually agreeable to the employee and the Company; and (iii) the total number of days taken by an employee under this clause and 23.01(a) does not exceed the total number of guaranteed days off allowed in a year. (2) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Upon written request and the submission of required documents, an employee may authorize the payout be directed to his registered retirement savings plan (RRSP). Banked time cannot be carried forward from one calendar year to another.

Overtime Options. (1) Employees shall have the option of being compensated for overtime in cash or time off, to a maximum of ten (10) banked days per annum, provided that: (i) they indicate to their direct supervisor they wish to bank the time at the time the overtime is worked; (ii) a. the time off can be scheduled at a time that is mutually agreeable to the employee and the Company; and (iii) b. the total number of days taken by an employee under this clause and 23.01(a24.01(a) does not exceed the total number of guaranteed days off allowed in a year. (2) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Upon written request and the submission of required documents, an employee may authorize the payout be directed to his registered retirement savings plan (RRSP). Banked time cannot be carried forward from one calendar year to another.

Overtime Options. (1) Employees shall have the option of being compensated for overtime in cash case or time off, to a maximum of ten (10) banked days per annum, provided that: (i) they indicate to their direct supervisor they wish to bank the time at the time the overtime is worked; (iii) the time off can be scheduled at a time that is mutually agreeable to the employee and the Company; and (iiiii) the total number of days taken by an employee under this clause and 23.01(a24.01(a) does not exceed the total number of guaranteed days off allowed in a year. (2) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Upon written request and the submission of required documents, an employee may authorize the payout be directed to his registered retirement savings plan (RRSP). Banked time cannot be carried forward from one calendar year to another.

Overtime Options. (1) Employees shall have the option of being compensated for overtime in cash or time off, to a maximum of ten (10) banked days per annum, provided that: (i) they indicate they wish to bank the time at the time the overtime is worked; (ii) the time off can be scheduled at a time that is mutually agreeable to the employee and the Company; and (iii) the total number of days taken by an employee under this clause and 23.01(a) does not exceed the total number of guaranteed days off allowed in a year. (2) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Upon written request and the submission of required documents, an employee may authorize the payout to be directed to his registered retirement savings plan (RRSP). Banked time cannot be carried forward from one calendar year to another.