Overtime and Call. Back In lieu of payment for overtime and/or call-back, an Employee with room in his/her overtime bank may elect to bank credits in their overtime bank, which shall be capped at one hundred and twenty-six (126) straight time hours. It is understood that the time credited to their overtime bank is to be taken in time off at a mutually agreeable time. If the time off provided requires a replacement, then their overtime bank shall be deducted at one and one-half (1½) hours for each hour taken in time off. An Employee may request at any given time a payout of a portion or all of the hours accumulated in their overtime bank. In the event of death or retirement or termination where the Employee was not able to use all of the banked credits, payment will be provided for any unused credits. Employees who have in excess of one hundred and twenty-six (126) straight time hours as of November 13, 2002 will be credited with the additional hours in his/her overtime bank, and will be provided payment for any subsequent overtime worked until the cap is reduced below the one hundred and twenty-six (126) straight time hour maximum. Overtime accumulated prior to May 1, 2009 shall be based on the Employee’s substantive hourly salary group as of May 1, 2009. Overtime banked after May 1, 2009 and paid out to the Employee shall be paid at the rate of pay at which it is earned. All time off taken shall be at the Employee’s current rate of pay regardless of the rate at which the Time Off in Lieu was earned. When an Employee utilizes his/her overtime bank as paid leave the time removed from his/her overtime bank will be the hours of least value.
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement