Overtime - Time Off Instead of Payment 15 Sample Clauses

Overtime - Time Off Instead of Payment 15. 2.1 Time Off Instead of Overtime Payment By mutual agreement between Australia Post and an individual employee, time off during ordinary working hours is allowed instead of payment for overtime under this Agreement. Such agreement is to be made in writing. 15.2.2 Amount of Time Off (a) Time off instead of payment for overtime is based on the number of ordinary hours equivalent to the appropriate overtime rates for the hours worked. (b) By mutual agreement between Australia Post and the individual employee, the employee may be paid at ordinary rates for the time worked and take time off equivalent to the rate of the residual penalty payment. 15.2.3 Timing of Time Off (a) Time off instead of payment for overtime is to be granted and taken as agreed between Australia Post and the employee and within agreed time frames. (b) Where it is not practicable for time off to be granted or taken within the agreed time frame, the employee is to be paid for the overtime worked at the prescribed rate of payment. 15.2.4 Eligibility Time off instead of payment for overtime only applies to employees who are eligible to receive overtime payments in accordance with 15.1. 15.3