Common use of Time Off in Lieu of Overtime Payment Clause in Contracts

Time Off in Lieu of Overtime Payment. Time off in lieu of payment for overtime shall be allowed on the basis of time off credit for actual hours worked, with the premium portion of the overtime being paid out. Time off credits shall be calculated to the nearest one half (1/2) day, and the balance paid out at the time the employee elects to take time off, or as otherwise mutually agreed. The accumulation shall not exceed seventy (70), 24 seventy-five (75) or eighty (80) hours, as the case may be, in any calendar year. Overtime accumulated between January 1 and August 31 shall be taken by December 31 of the calendar year. Overtime accumulated between September 1 and December 31 shall be taken by April 30 of the following year. Time off is to be taken as mutually agreed by the employee's General Manager and the employee concerned at the employee's regularly classified rate. However, when an employee works overtime in a higher classification, the difference between such employee's regular classified rate and the higher rate, shall be paid out and not accumulated. The employee shall request such accumulation at the time of reporting any overtime hours.

Time Off in Lieu of Overtime Payment. Time off in lieu of payment for overtime shall be allowed on the basis of time off credit for actual hours worked, with the premium portion of the overtime being paid out. Time off credits shall be calculated to the nearest one half (1/2) day, and the balance paid out at the time the employee elects to take time off, or as otherwise mutually agreed. The accumulation shall not exceed seventy (70), 24 seventy-five (75) or eighty (80) hours, as the case may be, in any calendar year. Overtime accumulated between January 1 and August 31 No accumulation of overtime shall be taken by December 31 carried forward into the following year except overtime accumulated after August 31st of the calendar year. Overtime accumulated between September 1 and December 31 , which shall be taken by April 30 30th of the following year. Time off is to be taken as mutually agreed by the employee's General Manager and the employee concerned at the employee's regularly classified rate. However, when an employee works overtime in a higher classification, the difference between such employee's regular classified rate and the higher rate, shall be paid out and not accumulated. The employee shall request such accumulation at the time of reporting any overtime hours.

Time Off in Lieu of Overtime Payment. Time off in lieu of payment for overtime shall be allowed on the basis of time off credit for actual hours worked, with the premium portion of the overtime being paid out. Time off credits shall be calculated to the nearest one half (1/2) day, and the balance paid out at the time the employee elects to take time off, or as otherwise mutually agreed. The accumulation shall not exceed seventy (70), 24 seventy-five (75) or eighty (80) hours, as the case may be, in any calendar year. Overtime accumulated between January 1 and August 31 shall be taken by December 31 of the calendar year. Overtime accumulated between September 1 and December 31 shall be taken by April 30 of the following year. Time off is to be taken as mutually agreed by the employee's General Manager and the employee concerned at the employee's regularly classified rate. However, when an employee works overtime in a higher classification, the difference between such employee's regular classified rate and the higher rate, shall be paid out and not accumulated. The employee shall request such accumulation at the time of reporting any overtime hours.

Time Off in Lieu of Overtime Payment. Time off in lieu of payment for overtime shall be allowed on the basis of time off credit for actual hours worked, with the premium portion of the overtime being paid out. Time off credits shall be calculated to the nearest one half (1/2) day, and the balance paid out at the time the employee elects to take time off, or as otherwise mutually agreed. The accumulation shall not exceed seventy (70), 24 seventy-five (75) or eighty (80) hours, as the case may be, in any calendar year. Overtime accumulated between January 1 and August 31 No accumulation of overtime shall be taken by December 31 carried forward into the following year except overtime accumulated after August 31st of the calendar year. Overtime accumulated between September 1 and December 31 , which shall be taken by April 30 30th of the following year. Time off is to be taken as mutually agreed by the employee's General Manager and the employee concerned at the employee's regularly classified rate. However, when an employee works overtime in a higher classification, the difference between such employee's regular classified rate and the higher rate, shall be paid out and not accumulated. 24 The employee shall request such accumulation at the time of reporting any overtime hours.