Trading of Time Clause Samples

The "Trading of Time" clause establishes the terms under which parties may exchange or reallocate scheduled time slots or periods, typically in contexts such as shipping, logistics, or project management. This clause outlines the procedures for requesting, approving, and documenting the transfer of time allocations between parties, and may specify any limitations, fees, or conditions attached to such trades. Its core practical function is to provide flexibility and efficiency in the use of scheduled resources, allowing parties to adapt to changing circumstances and optimize their operations.
Trading of Time. Unit employees may substitute [trade-time] for each other with the prior written permission of the Director and/or his designated representative. Employees must normally be within the same classification (ex. Paramedic for paramedic). Requests for trade-time must be submitted in advance of the requested trade. Permission to trade-time shall not be unreasonably denied. It shall be understood that trading of time [swapping shifts] shall be voluntary on the part of all unit employees involved and that approval shall not result in any Town liability for payment of overtime wages.
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Trading of Time. [Swaps]: The Employer shall continue the practice of permitting employees to substitute for one another on regularly scheduled tours of duty (or for some part thereof) to permit an employee to absent him/herself from work to attend to purely personal pursuits. A. The trading of time shall have no effect on hours of work for overtime purposes if the following criteria are met: a. The trading of time is done voluntarily by the employees participating in the program and not at the behest of the Employer. b. The reason for trading to time is due, not to the Employers operations, but to the employee’s desire or need to attend to personal matters. c. A record is maintained by the Employer of all time traded by its employees. d. The period during which time is traded and paid back does not exceed twelve (12) months. B. The trading of time shall be at the discretion of and with prior approval of the Public Safety Chief or his/her designee, which approval shall not be unreasonably withheld. C. The Town shall not be held responsible for enforcing any agreement made between employees and shall not be under any financial obligation to the substitute for their duty as a substitute.
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Trading of Time. Members may trade shifts on a temporary basis when approved by the shift Battalion Chief in accordance with Department policy. All trades shall be returned within a year. Once a trade is agreed to by both Members and approved, the Member who agreed to work the traded day shall be fully responsible for the traded shifts. A trade of a trade will not be permitted unless approved in advance by the Fire Chief or designee. The Local will work with the City to insure that such time trades will not result in overtime costs.
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Trading of Time. It is understood and mutually agreed to by the PARTIES that the common practice of trading of time between bargaining unit EMPLOYEES, to substitute for one another on regularly scheduled tours of duty is permitted, provided that there is no effect on hours of work and that the following conditions are met: 1. EMPLOYEES who wish to trade time must submit a request in writing or electronically to appropriate supervisor at least one day prior to the first day of the exchange. The EMPLOYER may consider untimely requests submitted as a result of circumstances beyond the requesting EMPLOYEE’S control. The supervisor will approve/disapprove the request and maintain a record of all time traded. Disapproval, with justification thereof, will be provided in writing to the employee. 2. The trade must not result in any change to the compensation of either employee. Such exchanges shall not result in either employee working more or less than his/her total scheduled hours during a pay period or create a situation in which one or more EMPLOYEES would be entitled to additional compensation of any kind. 3. These changes will not degrade mission capability. 4. All time traded must be paid back in accordance with applicable current laws, rules and regulations. 5. An EMPLOYEE who exchanges duty time must be fit for duty when reporting for work.
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Trading of Time. Trading of Time [Shift Swaps] maybe exchanged between any member of the BFD at the discretion of and approval of the Duty Officer in charge. The City assumes no liability or responsibility for managing, tracking or paying for any work swaps.
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Trading of Time. 1. Employees shall be permitted to voluntarily trade work or leave time with other employees. Trading shall not cause overtime. 2. No trade shall be in effect unless the Fire Department Administrator or established designee has been notified of the trade in advance. Trading by a Lieutenant with a Fire fighter shall be allowed, provided that another Lieutenant is scheduled to be on-duty. 3. All trades are subject to the Fire Department Administrator's approval or established designee's approval, but no trade shall be denied without cause. Cause shall include, but not be limited to, a person lacking the skills and knowledge necessary to perform the tasks associated with the job. Denial of trade time will require the Fire Department Administrator or designee to give a written explanation for the denial of the trade time. 4. After trade forms have been signed by the employees, and authorized by the administrator, the substitute shall assume all responsibility for failure to report for or remain on duty. 5. All trades will be single shift trades, and will be returned within twelve (12) months of the original trade.
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Trading of Time. Unit employees may substitute (trade-time) for each other with the permission of the Fire Chief. Requests for trade-time must be submitted in advance of the requested trade. Permission to trade-time shall not be unreasonably denied except to prevent double shifts or ensure adequate coverage based on staffing needs. It shall be understood that swapping shifts shall be voluntary on the part of all employees involved and that approval shall not result in any Town liability for payment of overtime wages or any other foul). of compensation or benefits (including leave pay) that deviates from the regular work schedule.
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Trading of Time. 1. Employees shall be permitted to voluntarily trade work or leave time with other employees. Trading shall not cause overtime. 2. No trade shall be in effect unless the Fire Department Administrator or established designee has been notified of the trade in advance. A trade can only be done within the same class, meaning a Captain can only trade with a Captain, a Lieutenant can only trade with a Lieutenant and a Firefighter can only trade with a Firefighter. 3. All trades are subject to the Fire Department Administrator’s approval or established designee’s approval, but no trade shall be denied without cause. Cause shall include, but not be limited to, a person lacking the skills and knowledge necessary to perform the tasks associated with the job. Denial of trade time will require the Fire Department Administrator or designee to give a written explanation for the denial of the trade time. 4. After trade forms have been signed by the employees, and authorized by the administrator, the substitute shall assume all responsibility for failure to report for or remain on duty. 5. All trades will be single shift trades, and will be returned within twelve (12) months of the original trade.
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Trading of Time 
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Related to Trading of Time

  • Amending of Time Limits The time limits fixed in both the grievance and arbitration procedure may be extended by consent of the parties.

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Trading Day For purposes of this Warrant, the term "trading day" means any day on which the principal United States securities exchange or trading market where the Common Stock is then listed is open for trading.

  • TRADING HOURS All references to ▇▇▇▇▇.▇▇▇ hours of trading are in U.S. Eastern Time (“ET”) using a 24-hour format. ▇▇▇▇▇.▇▇▇ normally provides access for Foreign Exchange Trading and Spot Metal Trading on the Website from 17:00 ET on Sunday to 17:00 ET on Friday, but ▇▇▇▇▇.▇▇▇ reserves the right to suspend or modify its trading hours at any time and on such an event will inform clients in advance on a best efforts basis of any changes in its operating hours. Trading hours by contract type may vary. OTC Foreign Currency and metal markets operate 24 hours a day. Following submission of an Order to trade, it is the sole responsibility of Customer to remain available for Order and Fill confirmations, and other communications regarding Customer’s ▇▇▇▇▇.▇▇▇ Account until all open Orders are completed. Thereafter, Customer must monitor Customer’s Account frequently when Customer has Open Positions in the Account.

  • Felling of trees The Authority shall assist the Contractor in obtaining the Applicable Permits for felling of trees in non-forest area to be identified by the Authority for this purpose if, and only if, such trees cause a Material Adverse Effect on the construction or maintenance of the Project Highway. The Contractor shall fell these trees as per the Permits obtained. The cost of such felling shall be borne by the Authority and in the event of any delay in felling thereof for reasons beyond the control of the Contractor; it shall be excused for failure to perform any of its obligations hereunder if such failure is a direct consequence of delay in the felling of trees. The Parties hereto agree that the felled trees shall be deemed to be owned by the Authority and shall be disposed in such manner and subject to such conditions as the Authority may in its sole discretion deem appropriate. For the avoidance of doubt, the Parties agree that if any felling of trees hereunder is in a forest area, the Applicable Permit thereof shall be procured by the Authority within the time specified in the Agreement.