Overtime Bank definition

Overtime Bank is calculated at 1½ times and is added to the employees VIP Overtime Bank. Hours can not be banked beyond a three (3) month period. Additional hours worked that need to be banked, must be included in an employee’s weekly timesheet using “Request to Bank Overtime – 1035”, no later than Monday at Noon for the previous week. Employment Standards Act (ESA) The ESA outlines additional rules in which Xxxxx must follow, including: Daily Limit of Hours: 8 hours, unless agreement is made. Weekly Limit of Hours: 48 hours, unless agreement is made. Daily Hours Free from Work: 11 consecutive hours off work each day. Rest Between Shifts: 8 hours off work between shifts. Exception, does not apply if the total time worked on both shifts is not more than 13 hours (i.e. split shifts). Weekly/Bi-weekly Rest: 24 consecutive hours off work in each work week; or 48 consecutive hours off work in every period of two consecutive work weeks Eating Periods (Lunch Breaks): An employee must not work for more than five hours in a row without getting a 30-minute eating period free from work (unpaid). Meal breaks, whether paid or unpaid, are not considered hours of work, and are not counted toward overtime. Overtime Pay: begins after working 44 hours in a work week, 1½ times the employee’s regular rate of pay. Additional Information OPSEU Collective Agreement: xxxxx://xxx.xxxxxx.xx/humanresources/sites/trentu.ca.humanresources/files/documents/OPSEU%20COLLECTIVE%20AGREEMENT%202018%20-2022%20FINAL.pdf ESA: (xxxxx://xxx.xxxxxxx.xx/document/your-guide-employment-standards-act-0) VIP Timesheet: xxxxx://xxx.xxxxxx.xx/humanresources/new-how-submit-timesheet-hours-vip
Sample 1
Overtime Bank means overtime placed in a bank which is calculated at time and a half in accordance with the Canada Labour Code.
Sample 1

Examples of Overtime Bank in a sentence

  • The definition of "Overtime Bank" shall be as given in Clause 16.11.

  • Employees must use their unscheduled vacation entitlement, floater days, Stat Lieu Bank and Overtime Bank before an unpaid Leave can commence.

  • Lump-sum payment for unused overtime in the Overtime Bank will be made in conformance with the following formula: 10 days of overtime for each year of continuous City service up to a maximum of 100 days.

  • The Union and the Employer agree to establish an Overtime Bank for all Regular Employees on running crew who regularly work overtime as part of the Technical Week schedule.

  • The Overtime Bank may be used without limit in the event of catastrophic illness, but only if all sick leave and annual leave have been exhausted.

  • Half of the overtime was placed in an Active Overtime Bank and the other half into a Reserve Overtime Bank.

  • AnINTANGIBLE ASSET is an identifiable non-monetary asset without physical substance.

  • The maximum number of days from the Overtime Bank that may be used by the employee as compensatory time in any vacation year is equal to the amount of annual leave accrued by the employee in that vacation year.

  • To date, the U.S. legacy carriers are the Big Three with a long history of operation and expansive domestic and international routes.

  • For these employees, all overtime hours worked in the show install period up to and including the day of opening performance, will go into the Overtime Bank.

Related to Overtime Bank

  • Overtime means work performed by a full-time employee in excess or outside of their regularly scheduled hours of work.

  • Shift means the period of scheduled straight-time working hours on a scheduled workday where the hours scheduled are consecutive except for the meal period.

  • 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.

  • Pregnancy Leave means leave taken for purposes related to giving birth and/or recovering therefrom.

  • Wages is defined as the amount of money the employee would have otherwise received over a period of absence, excluding overtime.

  • 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.

  • Wage means the amount of money paid or payable to an employee in respect of ordinary hours of work or, if they are shorter, the hours an employee normally works in a day or week;

  • Holidays shall be deemed to mean and include New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.