Compensating Time Off definition

Compensating Time Off. ("CTO") shall mean compensating time off which is granted in lieu of pay for overtime hours worked.
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Compensating Time Off. (“CTO”) shall mean compensating time off which is granted in lieu of pay for overtime hours worked.
Sample 1

Examples of Compensating Time Off in a sentence

  • Lieu time shall be scheduled pursuant to Article 16.6 (Compensating Time Off).

  • The Employee will notify the Supervisor the choice of overtime as pay or Compensating Time Off.

  • If Compensating Time Off is selected by the Employee, it will be scheduled at a mutually agreeable time normally not later than March 31 for work done in the 12- month period ending December 31.

  • Upon accrual of Compensating Time Off (CTO), and consistent with CalHR Rule 599.705, CTO shall be used in no less than 7.5 minute increments or multiples thereof.

  • Should this not be possible, the Supervisor will ensure that the Employee receives payment at the applicable rate by April 30 unless the Employee and her Supervisor agree to extend the period for the taking of Compensating Time Off.

  • Should this not be possible, the Supervisor will ensure that the Employee receives payment at the applicable rate by April 30 unless the Employee and their Supervisor agree to extend the period for the taking of Compensating Time Off.

  • Overtime may be compensated in pay or Compensating Time Off at the equivalent rate.

  • If Compensating Time Off is selected by the Employee, it will be scheduled at a mutually agreeable time normally not later than March 31 for work done in the 12-month period ending December 31.

  • Compensating Time Off With regard to overtime by way of compensating time off, or time for court appearances by way of compensating time off, it shall not be allowed to accumulate to an excessive degree, and a member may request to be allowed to use his compensating time off on a specified date, or dates, providing such date, or dates, is satisfactory to the Chief of Police.

  • Options to supplement the hours include using accrued vacation or Compensating Time Off (CTO) hours, or working the additional hours during the same work week.

Related to Compensating Time Off

  • Vacation means annual vacation with pay.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • Sick Leave means the period of time an employee is absent from work with or without pay, by virtue of sickness, quarantine, or accident, or out-of-town medical/dental referrals for which compensation is not payable under the Worker's Compensation Act.

  • Annual Compensation means an amount equal to the greater of:

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Bonus means the bonus described in the Section 2.3.