Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. When an employee is required to work overtime he or she may, if the Employer agrees, elect to receive time off instead of payment. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election at the time of completing his/her overtime claim sheet.

Banking of Overtime. When If an employee is required to work overtime he or she overtime, the employee may, if upon prior approval from the Employer agreesAdministrator or Manager, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3above. The Such banked time shall be taken by the employee at a time mutually convenient to the Division and the employee, and failing agreement, the employee shall make his election at be paid for the time of completing his/her overtime claim sheetbanked overtime.

Banking of Overtime. When Instead of cash payment for overtime, an employee is required to work overtime he or she may, if the Employer agrees, elect may choose to receive time off instead off. Time in lieu of payment. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3will be equivalent to hours earned (for example: if an employee works two (2) hours at time and one-half, the employee will bank three (3) hours.) Time off will be taken at a time mutually agreed by the employee and the supervisor. The employee shall make his election will be allowed to bank up to a maximum of eighty (80) hours per calendar year. All banked overtime not used by December 31st of each year will be paid to the employee at the time of completing his/her applicable overtime claim sheetrate.

Banking of Overtime. When an employee is required Employees may bank overtime pay (exceeding thirty (30) minutes a day) to work overtime he be taken in pay or she may, if the Employer agrees, elect to receive equivalent time off instead of paymentoff. Such time Time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election granted at the discretion of the Company, keeping in mind the availability of casual operators. Employees must indicate on their overtime slips their desire to bank any overtime. An employee using this option for time of completing his/her off must take a complete shift off and the overtime claim sheetbank must contain sufficient funds to at least equal the wages for the complete shift.

Banking of Overtime. When If an employee is required to work overtime he or overtime, she the employee may, if upon prior approval from the Employer agreesAdministrator or Manager Secretary-Treasurer, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3above. The Such banked time shall be taken by the employee at a time mutually convenient to the Division and the employee, and failing agreement, the employee shall make his election at be paid for the time of completing his/her overtime claim sheetbanked overtime.

Banking of Overtime. When If an employee is required to work overtime he or overtime, she may, if upon prior approval from the Employer agreesSecretary-Treasurer or designate, elect to receive time off instead in lieu of paymentpayment to a maximum accumulation of five (5) working days. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election at the time of completing his/her overtime claim sheetabove.