Rate of Compensation for Overtime Worked. All compensable overtime shall be paid at the rate designated above. Exceptions must be mutually agreed to. When compensatory time off is authorized in lieu of cash compensation, such compensatory time off shall be granted within twelve (12) months following the month in which the overtime was worked and without impairing the services rendered by the District. If the compensatory time has not been taken within twelve (12) months of the date on which it was earned, and mutual agreement not reached to extend the period, the District shall pay the employee in cash for all such time at the appropriate overtime rate based on the employee's current rate of pay.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement