Common use of Banked Time Clause in Contracts

Banked Time. Overtime & Time Balancing (a) Banked overtime hours shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time. (b) Commencing January 1, 2017, banked Time should be paid out at the rate in which it is accrued. This does not apply to pre-January 1, 2017 accruals. (c) Banked straight time shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time. Authorizations of banked straight time are separate decisions and accumulations of straight time banked time beyond the thirty-seven and one-half (37.5) in total will not, by default, be treated as authorized overtime. (d) With the agreement of their Managers and subject to operational requirements, employees may use banked time to arrange time off in a patterned way. (e) Banked time will be paid out to a maximum of seventy-five (75) banked hours. (f) The company at its discretion may pay out any banked time in excess of 37.5 hours at the end of every calendar year.

Banked Time. Overtime & Time Balancing (a) Banked overtime hours shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time.; (b) Commencing January 1, 2017, banked Banked Time should be paid out at the rate in which it is accrued. This does not apply to pre-January 1, 2017 accruals.; (c) Banked straight time shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time. Authorizations of banked straight time are separate decisions and accumulations of straight time banked time beyond the thirty-seven and one-half (37.5) in total will not, by default, be treated as authorized overtime.; (d) With the agreement of their Managers and subject to operational requirements, employees may use banked time to arrange time off in a patterned way.; (e) Banked time will be paid out to a maximum of seventy-five (75) banked hours.; (f) The company Company at its discretion may pay out any banked time in excess of 37.5 thirty-seven and one-half (37.5) hours at the end of every calendar year. (g) Employees shall be required to use all their excess vacation time (defined in Article 14.08) before using their banked time.

Banked Time. Overtime & Time Balancing (a) Banked overtime hours shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time.; (b) Commencing January 1, 2017, banked Banked Time should be paid out at the rate in which it is accrued. This does not apply to pre-January 1, 2017 accruals.; (c) Banked straight time shall be properly recorded using the Company’s time sheet system, in no less than one-half (0.5) hour increments, to a maximum of thirty-seven and one-half (37.5) hours at any time. Authorizations of banked straight time are separate decisions and accumulations of straight time banked time beyond the thirty-seven and one-half (37.5) in total will not, by default, be treated as authorized overtime.; (d) With the agreement of their Managers and subject to operational requirements, employees may use banked time to arrange time off in a patterned way.; (e) Banked time will be paid out to a maximum of seventy-five (75) banked hours.; (f) The company Company at its discretion may pay out any banked time in excess of 37.5 hours at the end of every calendar year. (g) Employees shall be required to use all their excess vacation time (defined in Article 14.08) before using their banked time.