Common use of Banking Overtime Clause in Contracts

Banking Overtime. During these negotiations the parties discussed allowing represented nurses an informal arrangement to bank overtime hours worked in lieu of receiving pay on a trial basis. The intent of this arrangement would be to allow an employee to bank the hours at the appropriate rate and receive comparable hours off with the approval of Management. The parties agree that the amount of hours an employee would be allowed to bank must not exceed eighty (80) hours. Banked hours, when taken, will not exceed more than two consecutive work days (Monday to Friday) in a regular workweek except during periods of layoff. Salary Administration, Salary Labour Relations and the Department Management agree the implementation of this plan must not interfere with the efficiency of the operation. The Company reserves the right to modify, limit the banking of overtime hours worked and not paid, the period of time in which hours off may be taken, and also to terminate this arrangement.

Banking Overtime. During these negotiations the parties discussed allowing represented nurses an informal arrangement to bank overtime hours worked in lieu of receiving pay on a trial basis. The intent of this arrangement would be to allow an employee to bank the hours at the appropriate rate and receive comparable hours off with the approval of Management. The parties agree that the amount of hours an employee would be allowed to bank must not exceed eighty 80 (80) hours. Banked hours, when taken, will not exceed more than two consecutive work days (Monday to Friday) in a regular workweek except during periods of layoff. Salary Administration, Salary Labour Relations and the Department Management agree the implementation of this plan must not interfere with the efficiency of the operation. The Company Corporation reserves the right to modify, limit the banking of overtime hours worked and not paid, the period of time in which hours off may be taken, and also to terminate this arrangement.

Banking Overtime. During these negotiations the parties discussed allowing represented nurses an informal arrangement to bank overtime hours worked in lieu of receiving pay on a trial basis. The intent of this arrangement would be to allow an employee to bank the hours at the appropriate rate and receive comparable hours off with the approval of Management. The parties agree that the amount of hours an employee would be allowed to bank must not exceed eighty 80 (80) hours. Banked hours, when taken, will not exceed more than two consecutive work days (Monday to Friday) in a regular workweek except during periods of layoff. Salary Administration, Salary Labour Relations and the Department Management agree the implementation of this plan must not interfere with the efficiency of the operation. The Company reserves the right to modify, limit the banking of overtime hours worked and not paid, the period of time in which hours off may be taken, and also to terminate this arrangement.