Common use of Banked Time Off Clause in Contracts

Banked Time Off. 1. Members who work a forty-hour (40) week will have the opportunity to use banked overtime credits for the purposes of taking time off not exceed four (4) days or 40 hours. 2. The following conditions shall apply to Banked Overtime. a. Banked time off hours shall be taken by any employee only at such time as the department head, at his discretion, shall designate or approve; provided, however, that time off hours must be taken within the fiscal year in which the overtime was worked. b. Overtime earned and banked in one pay period may not be used until the following pay period. When employees receive time and one- half for overtime, they shall not be permitted to bank the premium time, because the banking of premium time will cause overtime pyramiding, which will increase the Fire Department's overtime liability. Only straight time may be banked. All premium time shall be paid. c. All banked overtime hours not taken off in accordance with Section III, (B) (2) (a) above shall be automatically paid off in the following pay period or prior to a general salary increase. d. No overtime hours shall be accumulated in excess of the maximum set forth above, or be carried over into the following fiscal year. e. All banked time off hours not taken off prior to the pay period in which a salary increase is effective (except for automatic step increases and that permitted to be carried over) shall be automatically paid at the lower pay rate.

Banked Time Off. 1. Members Effective November 1, 2005, members who work a forty-hour (40) week will have the opportunity to use banked overtime credits for the purposes of taking time off not exceed four (4) days or 40 hours. 2. The following conditions shall apply to Banked Overtime. a. Banked time off hours shall be taken by any employee only at such time as the department head, at his discretion, shall designate or approve; provided, however, that time off hours must be taken within the fiscal year in which the overtime was worked. b. Overtime earned and banked in one pay period may not be used until the following pay period. When employees receive time and one- one-half for overtime, they shall not be permitted to bank the premium time, because the banking of premium time will cause overtime pyramiding, which will increase the Fire Department's overtime liability. Only straight time may be banked. All premium time shall be paid. c. All banked overtime hours not taken off in accordance with Section III, (B) (2) (a) above shall be automatically paid off in the following pay period or prior to a general salary increase. d. No overtime hours shall be accumulated in excess of the maximum set forth above, or be carried over into the following fiscal year. e. All banked time off hours not taken off prior to the pay period in which a salary increase is effective (except for automatic step increases and that permitted to be carried over) shall be automatically paid at the lower pay rate.

Banked Time Off. 1. Members who work a forty-40 hour (40) per week daylight schedule will have the opportunity to use banked overtime credits for the purposes of taking time off not exceed four (4) days or 40 hours. 2. The following conditions shall apply to Banked Overtime. a. Banked time off hours shall be taken by any employee only at such time as the department head, at his their discretion, shall designate or approve; provided, however, that time off hours must be taken within the fiscal calendar year in which the overtime was worked. b. Overtime earned and banked in one pay period may not be used until the following pay period. When employees receive time and one- half for overtime, they shall not be permitted to bank the premium time, because the banking of premium time will cause overtime pyramiding, which will increase the Fire Department's overtime liability. Only straight time may be banked. All premium time shall be paid. c. All banked overtime hours not taken off in accordance with Section III, (B) (2) (a) above shall be automatically paid off in the following pay period or prior to a general salary increase. d. No overtime hours shall be accumulated in excess of the maximum set forth above, or be carried over into the following fiscal calendar year. e. All banked time off hours not taken off prior to the pay period in which a salary increase is effective (except for automatic step increases and that permitted to be carried over) shall be automatically paid at the lower pay rate.