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

Time Off in Lieu of Payment. Instead of cash payment for overtime, an employee may choose to receive time off at the appropriate overtime rate at a mutually agreeable time. An employee shall inform his supervisor of his choice of such time off in lieu of payment for overtime work. Accumulated time off in lieu shall be limited to two (2) work weeks per employee at any one time. Time off in lieu shall be

Time Off in Lieu of Payment. Instead of cash payment for overtime, an employee may choose to receive time off at the appropriate overtime rate at a mutually agreeable time. An employee shall inform his supervisor of his choice of such time off in lieu of payment for overtime work. Accumulated time off in lieu shall be limited to two (2) work weeks per employee at any one time. Time off in lieu shall bebe taken within one (1) year of the date it was credited to the employee.