Banked Overtime Hours. Employees may bank up to forty (40) hours of overtime annually, which they may use as vacation time, provided a vacation slot is available in accordance with Article 19. Unused banked hours will be paid out in the last pay period of December of each calendar year. One (1) time each calendar year an employee may request in writing that his bank of overtime hours be paid out in full, provided the employee has made such a request of the Company at least two (2) weeks prior to the Company’s next scheduled pay day.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement