Common use of Banking Overtime Clause in Contracts

Banking Overtime. The purpose of banked overtime is to offset the loss of wages due to a reduction in the regular hours of work as per Article 17. 01. Banked overtime may also be used to offset loss of wages due to the employee’s absence from work due to sick time, medical appointment attendance, and family responsibility leave or to extend bereavement leave. In addition an employee may utilize a maximum of five (5) days of banked overtime as paid time off work however it cannot be used in conjunction with vacation time off. a) Employees will be entitled to bank overtime at the rate of one and one-half (1½) hours for every one (1) hour of overtime worked. b) Employees may only bank overtime in the amount of sixty (60) minutes (thirty

Banking Overtime. The purpose of banked overtime is to offset the loss of wages due to a reduction in the regular hours of work as per Article 17. 0117.01. Banked overtime may also be used to offset loss of wages due to the employee’s absence from work due to sick time, medical appointment attendance, and family responsibility leave or to extend bereavement leave. In addition an employee may utilize a maximum of five (5) days of banked overtime as paid time off work however it cannot be used in conjunction with vacation time off. a) Employees will be entitled to bank overtime at the rate of one and one-half (1½) hours for every one (1) hour of overtime worked. b) Employees may only bank overtime in the amount of sixty (60) minutes (thirty