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 to accumulate up to a total 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 working of required extra hours as banked time will only be at the employee’s discretion. The bank time list shall be supplied to the Union when requested.