Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. 13:3.1 Where an employee desires to bank his/her overtime as outlined in Article 13:2- Overtime, for the purpose of additional vacation (hereinafter referred to as “V/O”, Vacation Overtime), he/she shall request, complete and return a form (Form HR26SS) supplied by the Board to the Human Resources Department. 13:3.1.1 Where an employee has requested banking of his/her overtime in accordance with Article 13:3.1, the employee shall indicate on his/her time sheet overtime hours which are to be banked as “V/O” in accordance with this Agreement, and overtime hours which are to be paid as overtime in accordance with this Agreement. 13:3.2 Overtime which is accumulated as V/O shall be credited in terms of hours, and when taken as time off, shall be paid out at the same hourly rate as accumulated. (For example, one (1) hour worked at time and one half equals one and one half (1-1/2) hours banked V/O.) When a regular employee leaves the Board, all accumulated hours in the employee’s V/O bank will be paid out in total. 13:3.3 A regular or school-term employee may accumulate an unlimited number of V/O hours. 13:3.3.1 An employee must provide a written request to his/her management supervisor to use V/O hours from his/her V/O bank prior to the hours being withdrawn. 13:3.3.2 The Board’s response to the employee’s written request shall also be in writing, and shall be based on operational requirements as determined by the Board. The Board will not unreasonably deny an employee’s request for use of his/her banked V/O hours.

Banking of Overtime. 13:3.1 Where an employee desires to bank his/her they overtime as outlined in Article 13:2- 13:2‐ Overtime, for the purpose of additional vacation (hereinafter referred to as “V/O”, Vacation Overtime), he/she they shall request, complete and return a form (Form HR26SS) supplied by the Board to the Human Resources Department. 13:3.1.1 Where an employee has requested banking of his/her their overtime in accordance with Article 13:3.1, the employee shall indicate on his/her their time sheet overtime hours which are to be banked as “V/O” in accordance with this Agreement, and overtime hours which are to be paid as overtime in accordance with this Agreement. 13:3.2 Overtime which is accumulated as V/O shall be credited in terms of hours, and when taken as time off, shall be paid out at the same hourly rate as accumulated. (For example, one (1) hour worked at time and one one-half equals one and one half (1-1/21‐1/2) hours banked V/O.) When a regular employee leaves the Board, all accumulated hours in the employee’s V/O bank will be paid out in total. 13:3.3 A regular or school-term school‐term employee may accumulate an unlimited number of V/O hours. 13:3.3.1 An employee must provide a written request to his/her management supervisor their manager to use V/O hours from his/her their V/O bank prior to the hours being withdrawn. 13:3.3.2 The Board’s response to the employee’s written request shall also be in writing, writing and shall be based on operational requirements as determined by the Board. The Board will not unreasonably deny an employee’s request for use of his/her their banked V/O hours.