Common use of Time Off in Lieu Bank Clause in Contracts

Time Off in Lieu Bank. At the request of the Employee, time off, calculated at the appropriate overtime rates in lieu of overtime pay may be banked to a maximum of fourty-eight (48) hours. This shall be taken at a time mutually acceptable between the Employee and the Employer(s) and must be recorded on time sheets or work records accessible to Employees. Any unused portion of the time in lieu bank shall be paid out by March 31 of each year.

Time Off in Lieu Bank. ‌ At the request of the Employee, time off, calculated at the appropriate overtime rates in lieu of overtime pay may be banked to a maximum of fourty-eight (48) hours. This shall be taken at a time mutually acceptable between the Employee and the Employer(s) and must be recorded on time sheets or work records accessible to Employees. Any unused portion of the time in lieu bank shall be paid out by March 31 of each year.

Time Off in Lieu Bank. ‌ At the request of the Employeeemployee, time off, calculated at the appropriate overtime rates in lieu of overtime pay or designated holiday pay may be banked to a maximum of fourty-eight eighty (4880) hours. This shall be taken at a time mutually acceptable between the Employee employee and the Employer(semployer(s) and must be recorded on time sheets or work records sheets accessible to Employeesemployees. An employee’s time in lieu bank will be paid out at the employee’s request once per year. Any unused remaining portion of the time in lieu bank as of March 1 shall be paid out by March 31 of each year.