Time Bank. An employee shall be entitled to put time earned from overtime and statutory holidays into a bank to be taken as time off or cash payment. The maximum allowed time in the bank shall be 80 hours. The time bank shall be revolving. Any time in the bank at time of termination will be paid out in cash. Withdrawal from the time bank will be with approval from the Employer and with adequate notice. The available balance of overtime and statutory holiday pay balance for an individual employee will be provided upon request.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Time Bank. An employee shall be entitled to put time earned from overtime and statutory holidays into a bank to be taken as time off or cash payment. The maximum allowed time in the bank shall be 80 hours. The time bank shall be revolving. Any time in the bank at time of termination will be paid out in cash. Withdrawal from the time bank will be with approval from the Employer and with adequate notice. The available balance of overtime and statutory holiday pay balance for an individual employee will be provided upon request.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement