Common use of The Bank Clause in Contracts

The Bank. When an employee desires to make a contribution to the release time bank, the employee will complete a release time contributions form and file it with payroll staff. The payroll office will determine that the employee authorizing the release time bank contribution has the earned time prior to posting the contributed time to the release time bank. A copy of all approved release time contribution forms will be forwarded to the AOCE office by payroll.