Accumulated Time Owing Sample Clauses

The Accumulated Time Owing clause defines how an employee’s accrued but unused time, such as overtime or compensatory time, is tracked and managed. Typically, this clause outlines the process for recording, carrying forward, or paying out accumulated hours, and may set limits on how much time can be accrued or when it must be used. Its core function is to ensure both employer and employee have a clear understanding of entitlements and obligations regarding extra hours worked, thereby preventing disputes and ensuring fair compensation or time off.
Accumulated Time Owing. An Employee will be entitled to accumulate her/his overtime to a maximum of twenty-one (21) hours. Once an Employee has accumulated more than twenty-one (21) hours, the Employee will be paid for such hours at the applicable rate on the second pay period following that date.
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Accumulated Time Owing. APPLIES TO FULL-TIME ONLY: (a) Accumulated time owing as referred to in Article 14.09 of the Central Agreement, shall be taken at a mutually agreeable time within the same fiscal year, or payment shall be made at the employee’s request in accordance with Article 14.09 of the Central Agreement. APPLIES TO PART-TIME ONLY: (b) Part time nurses may accumulate in lieu time owing for hours on which they would be entitled to receive premium payment or when they have worked in an excess of their forty-eight (48) hour commitment in a two (2) week pay period. It is understood that this accumulated time will be utilized to supplement wages and will not be used to replace a scheduled tour except where that tour is cancelled. Further it is understood that the maximum amount of time an employee can accumulate is twenty-two and one-half (22.5) hours. Accumulated lieu time shall be taken at a mutually agreeable time within the same fiscal year or payment shall be made at the end of the fiscal year.
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Related to Accumulated Time Owing

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Banked Time The implementation of these provisions shall not be considered to be a layoff. 8.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Sick Leave Buy Back To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – shall receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year.* The following procedures apply to the payment of sick leave under this section. 1. An employee must have a minimum of twenty-five (25) days of accumulated sick leave remaining after the payment for unused sick leave under this section. 2. The payment of this incentive shall be paid to eligible employees no later than October 31st of the school year following the school year in which the employee qualified for the incentive pay. 3. For purposes of this section, sick leave shall be defined pursuant to all sections of F.S.1012.61. 4. Days for which such award payment is received shall be deducted from the accumulated leave balance. 5. Payment shall be equal to the number of eligible days times the affected employees daily rate of base pay times eighty percent (80%).

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.