Common use of Time Banking Clause in Contracts

Time Banking. In addition to the hours per day regularly worked, employees may elect to work extra hours as banked time at the applicable rate to accumulate up to a total annual maximum of forty (40) hours to be taken off at a later time. The accumulation of such extra hours must be on productive work with the prior approval of supervision, worked in minimum thirty (30) minutes periods and earned at the rate of hours accumulated equal to the actual extra hours worked. The accumulated time may be taken as time off by the employee subject to advance approval by supervision. The bank time list shall be supplied to the Union when requested. Any banked time carried over to the next fiscal year will count towards the forty (40) hour maximum for that year. Employees must use banked time before June 30th of the fiscal year after which it was earned. Management has the right to schedule leave as long as meaningful consultation takes place with the employee.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement