Common use of Regular Bank Clause in Contracts

Regular Bank. Employees are allowed to bank a maximum of five (5) days to be taken as time off in lieu of overtime payments. Requests for time off in lieu of overtime will be evaluated based on operational requirements and the need for resources. Employees can request that their banked time be processed for payment. Banked time will be accumulated on the basis of one (1) hour overtime, to one and one half (1 ½) hours banked.

Appears in 4 contracts

Samples: Wage Agreement, Wage Agreement, sp.ltc.gov.on.ca

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