Banked Lieu Time Clause Samples

The Banked Lieu Time clause establishes an employee's right to accumulate paid time off in lieu of receiving overtime pay. Under this clause, when employees work hours beyond their regular schedule, instead of being paid overtime wages, they can choose to "bank" those extra hours as time off to be taken at a later date. This arrangement provides flexibility for both employers and employees, allowing employees to manage their work-life balance while enabling employers to control overtime costs. The core function of this clause is to offer an alternative to immediate overtime compensation, addressing both operational needs and employee preferences.
Banked Lieu Time. The Employer shall make overtime cash payments, unless the employee notifies the Employer in writing of their desire to take overtime as time off in lieu. Lieu time shall be banked to a maximum of eighty (80) straight time hours and shall be taken at a time mutually agreed to by the Employer and the employee. Hours withdrawn cannot be replaced in any year. All lieu time accumulated up to 30 November will be paid out in the first payroll in December, with the exception of lieu days already scheduled for December. All overtime worked between 1 December and 31 December will be paid at the applicable premium rate, unless the Employee chooses to schedule such overtime for the last week of December. __________
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Banked Lieu Time. That banked lieu time would be extended from two (2) days to four
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Banked Lieu Time. The Employer shall make overtime cash payments, unless the employee notifies the Employer in writing of their desire to take overtime worked as time off in lieu. Lieu time shall be banked to a maximum of eighty (80) straight time hours and shall be taken at a time mutually agreed to by the Employer and the employee. Hours withdrawn cannot be replaced in any year. All lieu time accumulated up to 30 November will be paid out in the first payroll in December. All overtime worked between 1 December and 31 December will be paid at the applicable premium rate.
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Banked Lieu Time. Time off in lieu may be banked to a maximum of the equivalent of forty
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Banked Lieu Time. Overtime & Fire Academy
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Banked Lieu Time 
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Related to Banked Lieu Time

  • Crib Time (i) When an Employee is required to work overtime after the usual ceasing time for the day or shift for two hours or more, he/she shall be allowed to take, without deduction of pay, a crib time of twenty minutes in duration immediately after such ceasing time and thereafter, after each four hours of continuous work, he/she shall be allowed to take also, without deduction of pay, a crib time of 30 minutes in duration. (ii) In the event of an Employee remaining at work after the usual ceasing time without taking the crib time of twenty minutes and continuing at work for a period of two hours or more, he/she shall be regarded as having worked twenty minutes more than the time worked and be paid accordingly.

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

  • Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.

  • WASH-UP TIME 37.01 Where the Employer determines there is a clear-cut need, wash-up time, to a maximum of ten (10) minutes immediately before the end of a work period, will be permitted.

  • Show Up Time An employee who reports to work in the usual manner without having been notified that there is no work available and is sent home because of lack of work before having worked four (4) hours shall receive a minimum of four (4) hours pay at their prevailing hourly rate. The employee shall also receive their full accommodation allowance if and when applicable. Each employee must inform the Employer of a means of being contacted on short notice. If an attempt is made by the Employer at least two (2) hours before the employee’s shift commences by way of the contact information provided, in an effort to inform the employee of a lack of work, and the Employer is unable to do so, the employee will not be entitled to show up time.