Time in Lieu of Overtime Pay Sample Clauses

Time in Lieu of Overtime Pay i) Employees may choose to bank time off in lieu of overtime pay, at a rate of one and one-half (1.5) hours for every hour worked to a maximum of three (3) days per fiscal year. The employee’s selection of pay or time in lieu shall be made in advance of any overtime being worked. ii) Employees shall not be permitted to carry days over to the following year and will be paid out for any unused time in lieu no later than September 30th. iii) Time off in lieu shall be taken with the approval of the immediate supervisor subject to operational requirements. iv) Time off in lieu shall be banked and taken on a pro-rated basis subject to the employee’s scheduled hours of work.
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Time in Lieu of Overtime Pay. In lieu of payment, an employee may elect to accumulate lieu-time credits equivalent to the overtime pay due. A maximum of 40 hour lieu-time credits per calendar year may be banked. Lieu-time credits may only be accumulated on overtime that qualifies for time- and-a-half (1.5x) pay. (As an example, an employee may take 8 hours of time off after completing 5 hours and 20 minutes of overtime that is paid at 1.5x). Prior to using lieu time, the employee must obtain approval from his/her Manager. Approval of a request for such time shall not be unreasonably withheld. Any lieu time not used by December 15th will be paid out the last pay period of the calendar year.
Time in Lieu of Overtime Pay. (1) Time off in lieu of overtime pay ("time in lieu") may be banked, upon request. Such time in lieu will be the equivalent of the rate the employee would otherwise have earned for working the overtime shift. (2) Time in lieu shall be taken at a time which is mutually agreeable to the Company and the employee. (3) Employees shall not accumulate any more than 36 hours of time in lieu in any calendar year. (4) Time in lieu shall only be taken in 12-hour blocks, ie. for a full shift off, or paid out as described in Article 14.10. (1) The first five vacation requests received in writing by the Company for any given twenty four hour period, with the exception of Christmas day, provided there is at least one month’s notice, will be granted by the Company, if there are sufficient part time employees available to fill the shift requested. (2) Any requests above five (5) or requests made with less than thirty (30) days notice will be approved based on operational requirements.
Time in Lieu of Overtime Pay. ‌‌ An employee can take time off in lieu of overtime pay. Time off in lieu of overtime shall be scheduled at a mutually agreeable time based on operational needs. However, the employee’s request will not be unreasonably denied. Such time off will be the equivalent of the overtime rate the employee has earned for working overtime. Banked overtime not taken within the fiscal or calendar year shall be carried over to the next fiscal or calendar year. This bank cannot exceed forty (40) hours.

Related to Time in Lieu of Overtime Pay

  • Time Off in Lieu of Overtime Employees who work overtime will not be required to take time off in regular hours to make up for overtime worked. Time off in lieu may be taken on a mutually agreed upon basis between the employee and the Hospital, such time off will be the equivalent of the premium rate the employee has earned for working overtime. The Hospital shall revert to payment of premium rate if time off is not taken within sixty (60) calendar days."

  • Payment of Overtime For the purposes of calculating overtime payments, each day or shift will stand-alone.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.

  • Overtime Payments Full-time and Part-time Employees

  • Overtime Pay ‌ Overtime pay shall be paid to the employee on the next paycheque after the expiration of the pay period in which the overtime was earned except as provided in Article 16.6 (Compensating Time Off) below.

  • Overtime Computation Computation of overtime will be rounded upward to the nearest one-tenth (1/10th) of an hour.

  • Notice of Overtime The Agency shall give as much notice as possible of overtime to be worked.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

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