Common use of Time Bank Clause in Contracts

Time Bank. 7.07.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.07.02 When electing to utilize the time bank, the employee shall advise the Company, in writing, which of the four (4) following options they will use. 7.07.03 Once having elected to utilize the time bank, the arrangement shall continue until such time the employee subsequently advises the Company, in writing, that they wish to opt out of the time bank or that they wish to reselect the options available to them under Article 7.07.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Time Bank. 7.07.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.07.02 When electing to utilize the time bank, the employee shall advise the Company, in writing, which of the four three (43) following options they will use. 7.07.03 Once having elected to utilize the time bank, the arrangement shall continue until such time the employee subsequently advises the Company, in writing, that they wish to opt out of the time bank or that they wish to reselect the options available to them under Article 7.07.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Time Bank. 7.07.01 7.06.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.07.02 7.06.02 When electing to utilize the time bank, the employee shall advise the Company, in writing, which of the four three (43) following options they will use. 7.07.03 7.06.03 Once having elected to utilize the time bank, the arrangement shall continue until such time the employee subsequently advises the Company, in writing, that they wish to opt out of the time bank or that they wish to reselect the options available to them under Article 7.077.06.

Appears in 1 contract

Samples: Collective Agreement

Time Bank. 7.07.01 7.06.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits credits/debits without immediately affecting their pay. 7.07.02 7.06.02 When electing to utilize the time bank, the employee shall advise the Company, in writing, which of the four three (43) following options they will use. 7.07.03 7.06.03 Once having elected to utilize the time bank, the arrangement shall continue until such time the employee subsequently advises the Company, in writing, that they wish to opt out of the time bank or that they wish to reselect the options available to them under Article 7.077.06.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Time Bank. 7.07.01 7.06.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.07.02 7.06.02 When electing to utilize the time bank, the employee shall advise the Company, in writing, which of the four three (43) following options they will use. 7.07.03 7.06.03 Once having elected to utilize the time bank, the arrangement shall continue until such time the employee subsequently advises the Company, in writing, that they wish to opt out of the time bank or that they wish to reselect the options available to them under Article 7.07.Article

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!