Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. 10.07 a) An employee may elect not to receive pay for overtime worked including on call pay and have such overtime hours credited, at premium rates, to a bank for later time off (e.g., employee works eight (8) hours at time and one-half – credit in bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to forty (40) hours of time off for an employee, using banked hours in excess of the first eighty (80) entered into the bank by the employee. 10.07 c) Except as in b) above, the employee and the supervisor must agree when time off is to be taken. The earliest that such request will be considered is nine (9) calendar days before the time off is to be taken. However, to enable the supervisor to make a reasonable decision, the employee must give a minimum of twenty-four (24) hours notice. The supervisor may waive the notice requirement in exceptional circumstances. 10.07 d) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given the same consideration as unscheduled vacation. Such requests will be considered on a first come, first served basis and will be contingent on work requirements. 10.07 g) Unscheduled vacation is defined as a request for vacation with less than ten (10) calendar days notice. 10.07 h) Unused banked time credits at year end will be canceled by payment or transferred to an RRSP.

Banking of Overtime. 10.07 (a) An Employees may bank overtime at the rate of one (1) hour paid and one (1) hour banked for each hour of overtime worked. (b) Employees may at any time direct the Company to start or stop Banking of Overtime. It is not expected that anyone will change back and forth more frequently than twice per year. If anyone abuses this option by frequent changes the option to bank overtime may be denied. (c) Employees may bank overtime equivalent to eighty (80) hours straight time maximum and an employee can bank back to eighty (80) hours when he uses all or a portion of his banked overtime. (d) Banked overtime will be accrued at the rate earned at the time of banking and will be paid out accordingly. (e) Employees may elect not ask to receive have their banked overtime paid out at any time in whole or in part. Requests for payment must be made by the Monday of the week prior to payday. On the next pay day, payment will be made on the employee's regular cheque if the request is for money only or on a separate cheque if the employee is taking banked time off. (f) In the event an employee wants to use his banked overtime worked including on call pay and have for paid time off, such overtime hours credited, at premium rates, to a bank for later time off (e.g., employee works eight (8) hours at time and one-half – credit will normally be taken in bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to forty (40) hours hour blocks. It will be scheduled by mutual agreement only during slack periods or when there is lack of time off work for an employee, using banked hours in excess of the first eighty (80) entered into the bank by the employee. 10.07 c) Except as in b) above, the employee and will be subject to the supervisor must agree when time off is to be takenoperating needs and service requirements of the business. The earliest Parties recognize that such request this means employees may not get any opportunity to take their banked overtime as time off. (g) Employees aged 55 and over may bank their overtime for the purpose of early retirement without limit. The bank will be considered is nine (9) calendar days before the paid out at retirement or such other time off is to be taken. However, to enable the supervisor to make a reasonable decision, as the employee must give a minimum of twenty-four (24) hours notice. The supervisor may waive leaves the notice requirement in exceptional circumstancesCompany. 10.07 d) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given the same consideration as unscheduled vacation. Such requests will be considered on a first come, first served basis and will be contingent on work requirements. 10.07 g) Unscheduled vacation is defined as a request for vacation with less than ten (10) calendar days notice. 10.07 h) Unused banked time credits at year end will be canceled by payment or transferred to an RRSP.

Banking of Overtime. 10.07 a) An 1. All regular employees may make arrangements with the Employer to bank accumulated overtime. The employee may elect not to receive pay for then request his overtime worked including on call pay in time off, in writing, 15 days in advance of such leave, and have such overtime hours creditedthe Employer will reply in writing, at premium rates, to a bank for later time off (e.g., employee works eight (8) hours at time and one-half – credit in bank is twelve (12) hours – time off entitlement is twelve (12) hours)within two working days. Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to forty (40) hours of time off for an employee, using banked hours in excess of the first eighty (80) entered into the bank Upon request by the employee. 10.07 c) Except as in b) above, the employee and the supervisor must agree when time off is to be taken. The earliest that such request will be considered is nine (9) calendar days before the time off is to be taken. However, to enable the supervisor to make a reasonable decision, the employee must give a minimum of twenty-four (24) hours notice. The supervisor may waive the notice requirement in exceptional circumstances. 10.07 d) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given taken at the Company's discretion, consistent with the efficient operations of the business. The minimum unit of banked overtime to be utilized will be eight (8) regular hours. 2. Any hourly paid employee who wishes to bank overtime will make a request in writing, by the day following his worked overtime. Failure to apply in writing will result in the overtime being paid out. 3. Overtime which is banked shall be credited in terms of hours, and when taken as time off, shall be paid out on the regular bi-weekly pay cheque at the same consideration hourly rate as unscheduled vacationbanked. Such requests When an employee leaves the Company, all banked hours shall be paid out in total. 4. The Company will keep a record of all banked overtime. Employees wishing to confirm the amount of accumulated overtime they have banked may do so through their supervisor. 5. Example of banked hours: 6. The Employer will pay out all unused banked hours in the first pay period of each December. The Employer will also pay out all unused banked hours in the first pay period of June to those employees who have put in a request at least two (2) months prior to the pay out. In addition, employees may request one other pay out of banked overtime by giving at least one (1) week's notice. If notification is given at least one (1) week before the pay day, payment of banked overtime hours will be considered on a first comeincluded in the current pay period. Otherwise, first served basis and the pay will be contingent on work requirementsmade the following pay day. Their hours will be paid out at the same hourly rate as banked. 10.07 g) Unscheduled vacation 7. An employee who is defined as a laid off may request for vacation with less than ten (10) calendar days notice. 10.07 h) Unused to receive pay from his unused banked time credits at year end overtime hours, provided that the employee advises the Employer, in writing, of his intention to do so prior to the commencement of the lay-off. The minimum unit of banked overtime to be utilized will be canceled by payment or transferred to an RRSPeight (8) regular hours.

Banking of Overtime. 10.07 (a) An The employee may elect not shall retain the option to receive overtime pay in accordance with Article 5 or receive straight time pay for all hours worked and bank the premium portion of the overtime worked including as equivalent time off work. For example, banked time will be accumulated as follows: 1. an employee working eleven (11) hours on call a week day shall have the option of: a) eight (8) hours of straight-time pay and have such three (3) hours at the applicable overtime rate, or b) eleven (11) hours credited, at premium rates, to their straight time hourly rate (plus) two hours banked at one-half times (1/2) and one (1) hour at straight time for a bank for later total of two (2) hours banked time off (e.g., off. 2. an employee who works eight (8) hours on a Saturday or Sunday shall have the option of: a) eight (8) hours at the applicable overtime rate, or b) eight (8) hours at their straight time hourly rate (plus) eight hours of banked time off. (b) Any employee desiring to bank overtime shall indicate such interest by noting on their daily time card that overtime worked shall be paid at straight time and one-half – credit any premium shall be placed in their overtime bank. In the event the employee fails to indicate their desire to bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such their premium portion of the overtime pay to any Registered Retirement Savings Plan (RRSP) selected worked, it shall be paid by the Union for this purpose and included in the payroll system by the EmployerCompany. 10.07 b(c) Total Each employee shall be limited to the banking and/or the re-accumulation of overtime hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to a maximum of forty (40) hours of banked time off for an employeeat any one time. (d) Any banked time accumulated during the contract year (from June 1 to May 31) must be taken by May 31 of that contract year. As of May 31 of any contract year, using any unused banked hours in excess of the first eighty (80) entered into the bank by time accumulated during that contract year will be paid out to the employee. In addition, any unused banked time will be paid out at the time that the employee's employment with the Company is terminated. 10.07 c(e) Except as in bEach employee must request to use any such banked time with at least seven (7) above, days written notice to the employee and the supervisor must agree when time off is to be takenCompany. The earliest that Company retains the discretion to approve, on a case-by-case basis, use of banked overtime with less than seven (7) days notice when compelling circumstances warrant such request will be considered is nine (9) calendar days before the time off is to be takenapproval. However, such approval on a case-by-case basis shall not be the basis for contention by any other employee for approval. (f) Following receipt of the written request by any employee to enable the supervisor to make a reasonable decisionuse their banked time, the employee must give a minimum of twentyCompany shall, within forty-four eight (2448) hours notice(excluding Saturdays, Sundays and Holidays), notify the employee of acceptance or denial of any such request. The supervisor may waive In all cases, the notice requirement in exceptional circumstancesapproval or denial of any request shall be based on the needs of the department and the efficient operation of the quarry. 10.07 d(g) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for The banked time off will be given taken at a time which is mutually agreeable to the same consideration as unscheduled vacation. Such requests will be considered on a first comeCompany and the employee, first served basis and will be contingent on work requirements. 10.07 g) Unscheduled vacation is defined as a request for vacation with less than ten (10) calendar days notice. 10.07 h) Unused banked time credits at year end will be canceled shall not result in any additional cost being incurred by payment or transferred to an RRSP.the Company

Banking of Overtime. 10.07 a) An employee may elect not to receive pay for overtime worked including on call pay and have such Objective: The banking of overtime hours credited, at premium rates, has several advantages to a bank for later time off (e.g., employee works eight (8) hours at time and one-half – credit in bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to forty (40) hours of time off for an employee, using banked hours in excess of the first eighty (80) entered into the bank by the employee. 10.07 c) Except as in b) above, both the employee and the supervisor must agree when Company. The foremost of which is to give more flexibility to both parties. Presumably, employees will find overtime more acceptable if they can take time off at a later date. Thus, the Company will be able to schedule work loads during peak periods more effectively and be able to give the employee periods of time off during slower periods. 1) Overtime hours may be either paid for in wages or banked on a straight time basis (i.e. 4 hours worked at 2T = 8 hours straight time banked). An employees decision to bank overtime hours or be paid in wages may be indicated at the time worked. Each employee will declare by December 15th each year, their basic preference to bank overtime hours or receive payment, this will be used as a default position if no indication is noted at time worked. 2) A maximum of one hundred and sixty (160) hours can be accumulated and an employee can bank back to one hundred and sixty (160) hours when he uses all or any portion of his banked overtime. 3) Banked hours are to be takentaken as time off during slack periods only. 4) Working for a second employer during banked time off shall be construed as moonlighting and subject to disciplinary action. 5) Banked hours cannot be taken in prime vacation period (June 15th – September 15th) or added to regular holidays and statutory holidays. The earliest that such request one exception to this is during slack periods or lack of work. 6) The minimum amount of banked overtime taken at any one time will be considered is nine (94 hours or ½ day. 7) calendar days before the time off is to be taken. However, to enable the supervisor to make a reasonable decision, the employee must give a A minimum of twenty-four (24) hours notice. The supervisor may waive notice is required before taking banked overtime and when granted, banked overtime will not be taken away from the notice requirement in exceptional circumstancesemployee within twenty-four (24) hours of the scheduled time off. 10.07 d) Withdrawal from 8) In the bank event of lay-off, all banked overtime along with any other monies owed to the employee, will not take precedence over scheduled vacationbe paid out at the time of lay-off as per the current practice. 10.07 e9) When time off for shift workers requires replacement at Banked overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given accrued at the same consideration as unscheduled vacation. Such requests will be considered on a first come, first served basis rate earned at the time of banking and will be contingent on work requirementspaid out accordingly. 10.07 g) Unscheduled vacation is defined as a request for vacation with less than ten (10) calendar days noticeWhen an employee is in receipt of a BC Life weekly indemnity for illness related wage loss banked overtime may be used retroactively to cover the three (3) day unpaid qualifying period or any portion thereof. 10.07 h) Unused banked time credits at year end will be canceled by payment or transferred to an RRSP.

Banking of Overtime. 10.07 (a) All regular hourly paid employees may make arrangements with the Employer to bank accumulated overtime at straight time. Any hourly paid employee who wishes to bank overtime will make a request in writing, and this decision will be binding until the employee withdraws this request in writing. An employee may elect not choose to receive either opt onto or opt off the program only one (1) time in a calendar year. Employees may request, in writing, a pay-out at any time. Such pay- out will be applied to the next pay for overtime worked including on call pay period and have such overtime must be in minimum amounts of twenty (20) hours credited, at premium rates, to a bank for later time off (e.g., employee works or eight (8) hours at time and one-half – credit in bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee for employees who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to have been scheduled less than forty (40) hours in a week provided employees submit request to their supervisor in advance of time off for an employee, using banked hours payroll cutoff. If less than the minimum amount remains in excess of the first eighty (80) entered into the bank then the pay-out will be for the entire amount. (b) The employee may then request in writing overtime in time off. Notice must be given at least one (1) week in advance and will be honoured by a first come basis. Upon request by the employee. 10.07 c) Except as in b) above, the employee and the supervisor must agree when time off is to be taken. The earliest that such request will be considered is nine (9) calendar days before the time off is to be taken. However, to enable the supervisor to make a reasonable decision, the employee must give a minimum of twenty-four (24) hours notice. The supervisor may waive the notice requirement in exceptional circumstances. 10.07 d) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given taken at the same consideration as unscheduled vacationEmployer's discretion, consistent with the efficient operations of the business. Such requests The minimum unit of banked overtime to be utilized will be considered on forty (40) hours in time off except in weeks where a first comeGeneral Holiday(s) occurs. (c) Overtime, first served basis which is banked, shall be credited in terms of all hours worked at overtime in the current pay period at the appropriate rate of hourly pay with a cumulative dollar total only. Time off or a pay-out shall be in hours and will be contingent on work requirementspaid at the employee's current rate of pay. When an employee leaves the Employer, all banked time shall be paid in total. 10.07 g(d) Unscheduled vacation is defined as The Employer will keep a request for vacation with less than ten (10) calendar days noticerecord of all banked overtime. 10.07 h(e) Unused Example of banked hours: 1 hour at 1 ½ times - 1 ½ hours banked 1 hour at double time credits at year end will be canceled by payment or transferred to an RRSP.- 2 hours banked