Banked holiday time definition

Banked holiday time means the hours reported for work performed on a holiday that the
Sample 1Sample 2Sample 3
Banked holiday time means the hours reported for work performed on a holiday that the employee may use for equivalent time off or that may be paid to the employee as specified by the employer's policy.
Sample 1Sample 2Sample 3

Examples of Banked holiday time in a sentence

  • Banked holiday time must be used in the contract year in which it is awarded.

  • Banked holiday time must be used according to the State MOM policy.

  • LETTER OF UNDERSTANDING Subject: Holiday Bank Conversion Sections 13.6 and 13.7 Banked holiday time as of December 31, 2015 may be used as paid time off during 2016, following the usage provisions of Section 13.7. Any such time still outstanding at the end of 2016 will be paid out in January, 2017.

  • Banked holiday time shall be utilized prior to the end of the payroll fiscal year when balances shall be reduced to zero, provided however that a maximum of 45.7 accrued, unused hours shall be carried over to the next payroll fiscal year.

  • Banked holiday time hours when taken by an employee shall be paid at straight time and not count as regular hours worked for the purpose of computing overtime pay after the end of the payroll period in which the holiday occurred.

  • LETTER OF UNDERSTANDING Subject: Holiday Bank Conversion Sections 13.6 and 13.7 Banked holiday time as of December 31, 2015 may be used as personal time during 2016, following the usage provisions of Section 13.7. Any such time still outstanding at the end of 2016 will be paid out in January, 2017.

  • Banked holiday time not used by the established deadlines will not be converted to cash.

  • Banked holiday time – Police, fire, wastewater treatment facility and water treatment plant personnel can accumulate holiday premium pay in lieu of payment.

  • Banked holiday time shall be considered separately from overtime compensatory time and shall be scheduled off in the same manner as personal holiday time and must have advance approval of the appropriate supervisory authority.

  • Banked holiday time shall be utilized prior to the end of the payroll fiscal year when balances shall be reduced to zero, provided however that a maximum of 68.5 accrued, unused hours shall be carried over to the next payroll fiscal year.

Related to Banked holiday time

  • Weekday means Monday – Friday.

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Day means calendar day.

  • Afternoon shift means any shift finishing after 6.00 p.m. and at or before midnight.

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • Policy Issuance Date means the date of first issuance of these Terms and Benefits.