Banking of Overtime. a. Employees shall not be required to take regular hours off to equalize any overtime worked. b. The Employer may allow an employee the option of taking time off in lieu of overtime pay at a time mutually acceptable and agreed to. c. Overtime is banked and used on an hour for hour basis, as per clauses 14.2.1 and 15.3. d. Overtime accumulated and not taken prior to December 31st of each year, shall be paid out.
Appears in 5 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement