Compensatory Time Election Sample Clauses
Compensatory Time Election. If an employee chooses to be compensated for overtime by taking additional time off, the employee must notify the Finance Department in writing of the decision to waive payment and to begin banking the overtime hours. The Finance Department will, at that time, begin to record the employee's overtime hours. Any employee may accumulate a maximum of fifty-three (53) hours and twenty (20) minutes of overtime or the equivalent of eighty (80) hours' straight time to be taken as time off. All overtime worked beyond the above maximum will be paid in cash. All accumulated overtime not taken by December 31st of any year will be paid in cash. Whenever an employee takes time off in lieu of compensation, the Service Director will notify the Finance Department who will make the appropriate reduction. The employee may rescind the notice to bank overtime at any time prior to December 31, following the date the above notice is served on the Finance Department, but may do so only once. If the employee rescinds the notice, the employee will be paid in cash for overtime worked until December 31st of that year.
Compensatory Time Election. Dispatchers will indicate if they wish to receive compensatory time in lieu of overtime pay at the time the overtime was earned and cannot change said request after the overtime has been submitted.
Compensatory Time Election. If a unit member chooses to be compensated for overtime by taking additional time off, he or she must notify the Finance Department in writing of their decision to waive payment and to begin banking the hours worked. The Finance Department will at that time begin to record the employee's overtime hours. An employee may accumulate a maximum of fifty-three (53) hours and twenty (20) minutes of overtime or the equivalent of eighty (80) hours' straight time in the compensatory time bank. All overtime worked beyond the above maximum will be paid in cash. All accumulated compensatory time not taken by December 31 of any year will be paid in cash. Whenever an employee takes time off in lieu of compensation, the Chief of Police will notify the Finance Department who will make the appropriate reduction. The employee may rescind the notice to bank overtime at any time prior to December 31, following the date the above notice is served on the Finance Department. If the employee rescinds the notice, he or she will be paid cash for overtime worked until December 31 of that year.