Time Bank. 14.01 All hours credited in accordance with Article 13 and all overtime credits received in accordance with Article 7 will be accumulated in a time bank established for each employee. This time bank will provide for a maximum accumulation of one hundred and sixty (160) hours. Hours in excess of these maximums will be cleared on the employee's pay cheque for each pay period. Employees may make withdrawals from their time bank for the following purposes and in the following manner.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Time Bank. 14.01 All hours credited in accordance with Article 13 and all overtime credits received in accordance with Article 7 will be accumulated in a time bank established for each employee. This time bank will provide for a maximum accumulation of minus (-24) hours and plus one hundred and sixty (160) forty hours. Hours in excess of these maximums will be cleared on the employee's pay cheque for each pay period. Employees may make withdrawals from their time bank for the following purposes and in the following manner.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Time Bank. 14.01 All hours credited in accordance with Article 13 and all overtime credits received in accordance with Article 7 will be accumulated in a time bank established for each employee. This time bank will provide for a maximum accumulation of minus twenty-four (-24) hours and plus one hundred and sixty forty (160+140) hours. Hours in excess of these maximums will be cleared on the employee's ’s pay cheque for each pay period. Employees may make withdrawals from their time bank for the following purposes and in the following manner.
Appears in 1 contract
Samples: Collective Agreement
Time Bank. 14.01 Time off – All hours credited in accordance with Article 13 and all overtime credits received in accordance with Article 7 will be accumulated in a time bank established for each employee. This time bank will provide for a maximum accumulation of one hundred and sixty eighty (16080) hours. Hours in excess the time bank must be used and/or cashed out by December 31st of these maximums the year in which it is accrued except that hours banked on or after December 1st of any year will be cleared on credited to the employee's pay cheque for each pay periodfollowing year’s bank. Employees may make withdrawals from their time bank for the following purposes and in the following manner.may
Appears in 1 contract
Samples: Collective Agreement
Time Bank. 14.01 All hours credited in accordance with Article 13 and 13.03, all overtime and recall credits received in accordance with Article 7 and all time debits will be accumulated in a time bank established for each employee. This time bank will provide for a maximum accumulation of minus twenty-four (-24) hours and plus one hundred and sixty forty (160+140) hours. Hours in excess of these maximums will be cleared on the employee's pay cheque for each pay periodin accordance with Article 507.02. Employees may make withdrawals from their time bank bank, up to the maximums, for the following purposes and in the following manner.:
Appears in 1 contract
Samples: Collective Agreement