Common use of Time Off in Lieu of Pay Clause in Contracts

Time Off in Lieu of Pay. ‌ Employees who work overtime may elect to take time off in lieu of overtime pay but such time off must be taken at a time mutually agreed upon between Vancity and the employee. Time off in lieu of overtime payment will be calculated at overtime rates. (The length of time off with pay shall be equal to the straight-time equivalent to the overtime earnings.) Such accumulated time off must be scheduled prior to the end of each calendar year or it will be paid out.

Time Off in Lieu of Pay. ‌ Employees who work overtime may elect to take time off in lieu of overtime pay but such time off must be taken at a time mutually agreed upon between Vancity and the employee. Time off in lieu of overtime payment will be calculated at overtime rates. (The length of time off with pay shall be equal to the straight-time equivalent to the overtime earnings.) . Such accumulated time off must be scheduled prior to the end of each calendar year or it will be paid out.