Maximum Banked Time Sample Clauses

The Maximum Banked Time clause sets a limit on the total amount of unused leave or compensatory time that an employee can accumulate and retain for future use. In practice, this means that once an employee reaches the specified cap, they must use some of their banked time before accruing more, or any additional time earned may be forfeited or paid out according to policy. This clause ensures that employees do not indefinitely accumulate excessive leave balances, helping employers manage staffing and financial liabilities more predictably.
Maximum Banked Time. Notwithstanding the provision of sub-section (a) above, no more than three (3) weeks of accumulated overtime and/or call-out and/or standby combined, may be added to employee’s overtime bank in any one (1) calendar year.
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Related to Maximum Banked Time

  • Banked Time The implementation of these provisions shall not be considered to be a layoff. 8.

  • Extended Time An employee whose regular teaching contract has extended time added to it shall be compensated at his/her per diem rate in effect at the time the extended time is scheduled to be performed.

  • Crib Time (i) When an Employee is required to work overtime after the usual ceasing time for the day or shift for two hours or more, he/she shall be allowed to take, without deduction of pay, a crib time of twenty minutes in duration immediately after such ceasing time and thereafter, after each four hours of continuous work, he/she shall be allowed to take also, without deduction of pay, a crib time of 30 minutes in duration. (ii) In the event of an Employee remaining at work after the usual ceasing time without taking the crib time of twenty minutes and continuing at work for a period of two hours or more, he/she shall be regarded as having worked twenty minutes more than the time worked and be paid accordingly.

  • Rate Quotations The Borrower may call the Administrative Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates then in effect, but it is acknowledged that such projection shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made.

  • Supported wage rates Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Agreement for the class of work which the person is performing according to the following schedule: * (Provided that the minimum amount payable shall be not less than $45 per week). Where a person’s assessed capacity is 10%, they shall receive a high degree of assistance and support.