Banked Hours definition

Banked Hours means the overtime hours accrued by the Employee and not currently paid out as set out in clause Error! Reference source not found. of this Agreement;
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Banked Hours means where the Au Pair works less than the contracted work hours and unworked hours are saved or banked to use at a later date while normal wages are paid.
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Banked Hours means the positive difference, if any, of the curtailment soft cap minus the actual curtailment hours for such fiscal year.
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Examples of Banked Hours in a sentence

  • The Union agrees to use the appropriate number of Banked Hours for the time off requested.

  • The Request for Utilization of Banked Hours form can be downloaded at the SWC website under Instructional Support Services in Resource Forms.

  • If you are an Hourly Rate Employee who has accrued a negative balance of Banked Hours as at the date of commencement of operation of this Agreement, any future hours worked in excess of your Contract Hours will be offset against your negative Banked Hours balance until your negative Banked Hours balance reaches zero.

  • All minus Banked Hours will need to be made up using the Employee’s future excess hours prior to these excess hours being banked or paid.

  • Negative Banked Hours can be offset by working hours above Contract Hours in a Fortnight, until the Banked Hours balance is zero.

  • Alternatively an Officer with a credit of "additional hours" may request Time off from Banked Hours from-a nominated rostered shift which will be allowed subject to operational requirements.

  • In particular, except by agreement, no annual leave or time off from Banked Hours may be taken in the two (2) weeks immediately prior to Christmas Day and in the week immediately prior to Easter Sunday.

  • Positive Banked Hours can be used to reduce the number of Contract Hours worked in a Fortnight and are treated as authorised paid leave when calculating Contract Hours.

  • Annual leave and any time off resulting from Banked Hours may be taken only with the agreement of ALDI, taking into account business requirements.

  • Banked Hours hours above or below Contract Hours that have accrued up to the date of commencement of operation of this Agreement.


More Definitions of Banked Hours

Banked Hours means hours banked at ordinary time rates within the current four week cycle. Banked hours are not accessible during any current four week banking cycle.
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Related to Banked Hours

  • Base Hours means the hours of work for which a staff member receives compensation. Base hours shall include overtime hours for which a staff member is paid additional or overtime compensation, and hours for which a staff member receives workers’ compensation benefits. Base hours shall also include hours a staff member would have worked except for having been in military service. Base hours do not include hours for when a staff member receives other types of compensation, such as administrative, personal leave, vacation, or sick leave.

  • Peak Hours or “Peak Period” means the period with the highest ridership during the entire transit service day as determined by the transit operator. Must include at least one hour during the morning commute hours and one during evening commute hours, Monday through Friday. Each Peak Period cannot be longer than three hours.

  • Support Hours means between 8:30am and 5pm during Monday to Friday excluding standard UK Bank Holidays.

  • Off-Peak Hours means those hours which are not On-Peak Hours.

  • Operating Hours means the hours listed in an early learning program parent handbook when the program is open and providing care and services to children.