Banking of Overtime definition

Banking of Overtime. The Corporation agrees to the banking of overtime under the following conditions: Employees requesting time off in lieu of payment for overtime worked may have such time off only with approval of their supervisor. Time off will be based on the applicable premium rates. A maximum of five (5) working days shall be accumulated per year (i.e. one (1) year refers to May 1st to April 30th). The employee signifies their intent to bank immediately upon completion of working time. Banked time will only be used to extend vacations where management is in agreement. Time off will be taken in a minimum of one (1) hour blocks. Any banked time left on April 30th each year will be paid out based on the applicable rates on April 30th or paid out upon written request within fifteen (15) working days. Banked time shall be used prior to any leave with no pay. The following twelve (12) paid holidays and any other Federally or Provincially proclaimed holiday, regardless of when they fall, will be granted with pay to all full-time and temporary employees who have completed thirty
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Examples of Banking of Overtime in a sentence

  • Banking of Overtime to be taken as time off will be available under the following guidelines: At January 1st of each year, a decision must be made to either bank overtime or receive overtime pay.

  • Banking of Overtime When an employee works exception-based overtime overtime booked or required outside of the general booking), he or she will have the choice of receiving cash payment or of placing the hours in an overtime bank.

  • No further relevant information available.10.4 Conditions to Avoid Avoid contact with incompatible materials.10.5 Incompatible materials Strong acids, strong bases, strong oxidizers.10.6 Hazardous Decomposition ProductsNo decomposition products posing significant hazards would be expected from this product.

  • Banking of Overtime Employees will be given the option, upon the first recall in a new calendar year, before the xxxxxxx season, before the salmon season, and after the salmon season, to either bank all their overtime, subject to Article or to have it paid in cash when earned.

  • Eng., MBA Xxxxxx Xxxxx President & CEO Chairperson Date: November 6, 1998 Amended: July 8, 2010 Amended: March 28, 2013 Revised: October 4, 2013 Revised: March 9, 2016 The parties agree that banked time for Schedule “A” and Schedule “B” employees shall be as follows: Principles for Banking of Overtime: • Banking of overtime must be simple to administer and operationally feasible.

  • Banking of Overtime: A maximum of 4-twelve hour working days shall be accumulated per year (May 1st to April 30th).

  • CONTINUOUS SERVICE VACATION ENTITLEMENT1 Year2 Weeks3 Years3 Weeks8 Years4 Weeks13 Years5 Weeks15 Years5 Weeks + 1 Day16 Years5 Weeks + 2 Days17 Years5 Weeks + 3 Days18 Years5 Weeks + 4 Days19 Years6 Weeks Upon receiving 6 weeks of paid vacation entitlement, Article 17.04 with respect to the Banking of Overtime will no longer apply.

  • Banking of Overtime The Company shall establish a time bank for the banking of overtime hours in accordance with the applicable provisions of the Employment Standards Act of upon the written request of the employee.

  • Banking of Overtime: A maximum of forty hours shall be accumulated per year.

  • Banking of Overtime Hours (Pay) The banking of hours is to have a maximum of hours totalled per quarter year.

Related to Banking of Overtime

  • Montreal Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Montreal, May 28, 1999.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Warsaw Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, as amended, but not including the Montreal Convention as defined above.

  • public holiday means any day other than Saturday or Sunday on which the banks in the City of London are not open for business;

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • General Holiday means every Sunday and any other day which is a

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • New York Convention means the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York on 10 June 1958;

  • Hague Convention means the Convention on the Service Abroad of Judicial and Extra Judicial Documents in Civil or Commercial Matters done at the Hague on 15 November 1965;

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • Chicago Convention means the Convention on International Civil Aviation, signed at Chicago on 7 December 1944, as amended, and its Annexes;

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Banking office means a principal office or authorized branch of a bank, out-of-state bank, national bank, association, or savings bank.

  • Public Holidays means public holidays under NI Act., at the place where the Equipment is located, when banks are closed for business.

  • Child in need of services means (i) a child whose behavior, conduct or condition presents or results

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Contractor Selection of Leave Trees means crop and leave trees are unmarked and will be selected by the Contractor.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Statutory Holiday means New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, and Boxing Day; and

  • 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.

  • international voyage means a voyage from a country to which the present Convention applies to a port outside such country, or conversely.

  • Eleventh District Cost of Funds Rate means: (1) the rate equal to the monthly weighted average cost of funds for the calendar month immediately preceding the month in which the particular Interest Determination Date falls as set forth under the caption “11th District” on the display on Moneyline Telerate (or any successor service) on page 7058 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 7058”) as of 11:00 A.M., San Francisco time, on that Interest Determination Date; or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 7058, the monthly weighted average cost of funds paid by member institutions of the Eleventh Federal Home Loan Bank District that was most recently announced (the “Eleventh District Index”) by the Federal Home Loan Bank of San Francisco as the cost of funds for the calendar month immediately preceding that Interest Determination Date; or (3) if the Federal Home Loan Bank of San Francisco fails to announce the Eleventh District Index on or prior to the particular Interest Determination Date for the calendar month immediately preceding that Interest Determination Date, the Eleventh District Cost of Funds Rate in effect on the particular Interest Determination Date.

  • the Convention means the Convention on International Civil Aviation opened for signature at Chicago on 7 December 1944, and includes: (i) any amendment that has entered into force under Article 94(a) of the Convention and has been ratified by all the Contracting Parties to this Agreement, and (ii) any Annex or any amendment thereto adopted under Article 90 of the Convention, insofar as such Annexes or amendments are, at any given time, effective for all the Contracting Parties to this Agreement;

  • practice direction means a direction given under section 23 of the 2007 Act;