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Common use of Time Bank Clause in Contracts

Time Bank. 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. 7.06.02 When electing to utilize the time bank the employee shall advise the Company, in writing, of the following options they will use: Option A: Plus twenty-four (+24) hours. Option B: Plus forty (+40) hours. Option C: Plus one hundred (+100) hours. Option D: Plus one hundred and seventy (+170) hours 7.06.03 Once having elected to utilize the time bank, the arrangement shall continue until such time as 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

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Time Bank. 7.06.01 7.05.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.06.02 7.05.02 When electing to utilize the time bank the employee shall advise the Company, in writing, of the following options they he will use: Option A: Plus twenty-four (+24) hours. Option B: Plus forty (+40) hours. Option C: Plus one hundred (+100) hours. Option D: Plus one hundred and seventy (+170) hours. 7.06.03 7.05.03 Once having elected to utilize the time bank, the arrangement shall continue until such time as the employee subsequently advises the Company, in writing, that they wish he wishes to opt out of the time bank or that they wish he wishes to reselect the options available to them him under ArticleArticle 7.05.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Time Bank. 7.06.01 7.05.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.06.02 7.05.02 When electing to utilize the time bank the employee shall advise the Company, in writing, of the following options they will use: Option A: Plus twenty-four (+24) hours. Option B: Plus forty (+40) hours. Option C: Plus one hundred (+100) hours. Option D: Plus one hundred and seventy (+170) hours. 7.06.03 7.05.03 Once having elected to utilize the time bank, the arrangement shall continue until such time as 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

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Time Bank. 7.06.01 7.05.01 Employees shall have the ability to utilize a time bank for the purpose of recording time credits without immediately affecting their pay. 7.06.02 7.05.02 When electing to utilize the time bank the employee shall advise the Company, in writing, of the following options they he will use: Option A: Plus twenty-four (+24) hours. Option B: Plus forty (+40) hours. Option C: Plus one hundred eighty (+100+80) hours. Option D: Plus one hundred and seventy (+170) hours. 7.06.03 7.05.03 Once having elected to utilize the time bank, the arrangement shall continue until such time as the employee subsequently advises the Company, in writing, that they wish he wishes to opt out of the time bank or that they wish he wishes to reselect the options available to them him under ArticleArticle 7.05.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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