Banked Time definition

Banked Time means the amount of time by which Flextime is reduced by one or more days at the end of a settlement period for the purpose of being recredited to the officer to cover approved absences from work in future settlement periods.

Banked Time shall be as follows:

Banked Time means the equivalent leave with pay taken in lieu of payment.

Examples of Banked Time in a sentence

• Memorandum of Understanding between the National Energy Board and the Public Service Alliance of Canada Banked Time In discussing the NEB interest in moving the topic of Banked Time from an Appendix to the main body of the collective agreement and thus replacing the Compressed Work Week with Banked Time provisions, it was agreed that the Public Service Alliance of Canada would conduct a survey of its membership in the period of time immediately following the signing of the collective agreement.

• Acting Pay The qualifying period for acting pay is as specified in Article Article Overtime Overtime means authorized work in excess of the employee’s scheduled hours of work other than hours to be accumulated under the Memorandum of Understanding regarding Banked Time.

• It is anticipated that the discussions will lead to a re-opening of the collective agreement and the incorporation of Banked Time provisions acceptable to both parties in the collective agreement.

More Definitions of Banked Time

Banked Time shall include all hours worked at overtime, statutory holiday time and stand by.

Banked Time is the quantum of time accumulated under Banking of Time arrangements. “Chief Executive” means a person appointed to, or assigned to act in, the position of Chief Executive of ForestrySA and shall include their delegate(s). “Classification and Remuneration Structure 2010” or “C&RS” means the 10 level classification and remuneration structure contained in this Agreement as set out in Schedule 3. “Commissioner Standards” means a Standard made, varied or substituted for by the Commissioner for Public Sector Employment (CPSE) under the Public Sector Management Act 1995, and includes any standard, determination, direction or other instrument that may be made, varied or substituted for by the CPSE after the commencement of the Public Sector Act 2009. “CPSE” means the Commissioner for Public Sector Employment, delegate thereof, or a person holding or acting in the position of Commissioner for Public Sector Employment.

Banked Time means money banked with the Employer in lieu of cash payment, which is accumulated to provide the employee with paid leave at a time that is mutually agreed.

Banked Time means the overtime hours credited to an employee’s time bank, for which

Banked Time is the quantum of time accumulated under Banking of Time arrangements. “Chief Executive” means a person appointed to, or assigned to act in, the position of Chief Executive of ForestrySA and shall include their delegate(s). “Classification and Remuneration Structure” means the 10 level classification and remuneration structure contained in this Agreement as set out in Schedule 1. “Crib Break” means a period of time during which an employee takes sustenance while remaining on duty or available for duty and if necessary will resume the performance of duties, which time either counts as part of the employee’s ordinary hours or accrues Banked Time. “Commissioner Standards” means a Standard made, varied or substituted for by the Commissioner for Public Sector Employment (CPSE) under the Public Sector Management Act 1995, and includes

Banked Time means time off the employee receives with pay in lieu of wages for overtime.

Banked Time is the terminology given to those hours/days nominated by an employee to be banked at the end of a settlement period.