Common use of True Bank Days Clause in Contracts

True Bank Days. True Bank Days are earned days. All employees (except part-time employees) on the Legacy Model – Coastal Region & Victoria Unit shall work an eight (8) hour day and deposit one-half (1/2) hour into their True Bank for each day so worked. Unless an employee is absent for part or all of his day or shift because of rest time, accident at work (19.01) or union leave, if the employee is not at work for the full eight (8) hour day, the one-half (1/2) hour is not earned as banked time and will not be deposited to the True Bank for that day. An employee absent for part of his day or shift for any other reason will be paid for his hours of work including for the one-half hour that would otherwise have been deposited in his True Bank for that day. All True Bank days earned in the current year (and deposited into the ‘True Bank Current Year’) shall be taken in the year following the year in which they were earned (from the ‘True Bank Prior Year’). Effective January 1, 2009, the True Bank Current Year and the True Bank Prior Year shall change from a dollar ($) bank to an hourly bank, and be reflected as such on employee pay statements. If an employee is temporarily working in a higher classification, the employee’s regular base one-half (1/2) hour will go to the True Bank Current Year and the difference between the employee’s base and up-grouped rates of pay shall be paid out. True Bank Days (from the ‘True Bank Prior Year’) must be taken as time off, it is not cashable by the employee. Any True Bank Days not taken as days off by the end of the year following the year in which they were earned shall be moved into a temporary transitional dollar bank which shall be cashed out by the end of the year 2009, and thereafter shall be cashed out at year end. Effective January 1, 2009, the rollover into the temporary ‘Transitional Dollar ($) Bank’ shall be based on the base rate of pay at the time of transfer.

True Bank Days. True Bank Days are earned days. All employees (except part-time employees) on the Legacy Standard Model – Coastal Region & Victoria Unit shall work an eight (8) hour day and deposit one-half (1/2) hour into their True Bank for each day so worked. Unless an employee is absent for part or all of his day or shift because of rest time, accident at work (19.01) or union leave, if the employee is not at work for the full eight (8) hour day, the one-half (1/2) hour is not earned as banked time and will not be deposited to the True Bank for that day. An employee absent for part of his day or shift for any other reason will be paid for his hours of work including for the one-half hour that would otherwise have been deposited in his True Bank for that day. All True Bank days earned in the current year (and deposited into the ‘True Bank Current Year’) shall be taken in the year following the year in which they were earned (from the ‘True Bank Prior Year’). Effective January 1, 2009, the True Bank Current Year and the True Bank Prior Year shall change from a dollar ($) bank to an hourly bank, and be reflected as such on employee pay statements. If an employee is temporarily working in a higher classification, the employee’s regular base one-half (1/2) hour will go to the True Bank Current Year and the difference between the employee’s base and up-grouped rates of pay shall be paid out. True Bank Days (from the ‘True Bank Prior Year’) must be taken as time off, it is not cashable by the employee. Any True Bank Days not taken as days off by the end of the year following the year in which they were earned shall be moved into a temporary transitional dollar bank which shall be cashed out by the end of the year 2009, and thereafter shall be cashed out at year end. Effective January 1, 2009, the rollover into the temporary ‘Transitional Dollar ($) Bank’ shall be based on the base rate of pay at the time of transfer.