Banked Sample Clauses

Banked. An employee may elect to bank half an hour basic hours worked per day, on a ratio of one for one :7); and, Except for overtime compensated under the provisions of sections and an employee may request to be compensated for overtime hours worked by time off in lieu of overtimepayment on the basis of one hour and a half (7 for each hour of overtime worked.
Sample 1
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Banked. Absenteeism Employees who are unable to respond to being called, whether planned absences or sickness, must notify the Crew Leader in advance. Non-payment of standby and/or disciplinary action could result if an employee does not respond to a page for call-in work. Reasonable discretion will be used before any disciplinary action is imposed. Any problems arising out of this Letter of Understanding will be dealt with in the shortest time frame as reasonably possible. Original signed December 3, 2002 Updated and signed October 9, 2013 Renewed for the 2019-2023 Collective Agreement term Student Hires LETTER OF UNDERSTANDING BETWEEN: CANADIAN UNION OF PUBLIC EMPLOYEES LOCAL 900 (The Union) AND: CITY OF KAMLOOPS (The Employer)
Sample 1
Banked. A day off as provided in Marginal Paragraph and shall be at a time mutually agreeable to the employee and the Company. In the event that no mutually agreeable day off can be arrived at by the end of a calendar year, the employee shall receive payment for any unused Banked Holidays by the second in the following calendar year. Floating Stat
Sample 1
Banked. 2. Banked and later cashed in; or
Sample 1
Banked. Absenteeism Employees who are unable to respond to being called, whether planned absences or sickness, must notify the Crew Leader in advance. Non-payment of standby and/or disciplinary action could result if an employee does not respond to a page for call-in work. Reasonable discretion will be used before any disciplinary action is imposed. Any problems arising out of this Letter of Understanding will be dealt with in the shortest time frame as reasonably possible. Original signed December 3, 2002 Updated and signed October 9, 2013 Renewed for the 2014-2018 Collective Agreement term
Sample 1
Banked. The Company shall allow seniority employees, on a voluntary basis, to bank worked overtime hours towards time off straight time pay. Employees must declare their intent to bank overtime hours by signing the appropriateform by January 1st of each year. Forms are available in the Human Resources Department. Overtime hours available for banking, shall be those hours worked on a Saturday within the employee’s normal classification. Employees who have worked a minimum of four (4) consecutive hours at an overtimepremium may elect to receive straight time pay for all overtime hours actually worked and bank the overtime premium hours. Employees shall be entitledto accumulate banked hours to a total of forty (40) hours in the one year period. Unused accumulated hours as of December 15th in each year will be paid out to the employee by the Company. All hours will be paid at the rate in effect at the time they were earned. Employees shall be allowed to take bankedtime accumulated with pay, subject to the following conditions: The employee must provide the supervisor with five (5) working days written notice. Bankedtime must be taken in full week increments. The Company shall review and approve or deny requests subject to production requirements previous approvals of all time off. The Company will not be required to replace the employee taking the banked time with an employee who will be paid an overtime premium for that work. No more than one (1) employee per shift per department may be on banked time off on the same day.
Sample 1

Related to Banked

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to fifteen (15) paid vacation days per calendar year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time that is at least as favorable as that provided to other similarly situated executives of the Company. The Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies may exist from time to time.

  • Sick Leave Payoff Employee with accrued, unused sick leave may, at the time of separation, select one of the following options for reimbursement:

  • Sick Leave Pool a. The Sick Leave Pool is intended to provide security to supplement other insurance benefits by allowing employees to "buy" insurance for extended illness, or other disability. Pool Days may be used to "make an employee whole" if disability or Workers' Compensation benefits are less than normal base pay. When "buying" Pool Days, employees convert Earned Time days on a 1:3 basis. Similar to purchasing insurance, the employee may pick a given number of days to exchange for coverage in case of extended disability.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Bereavement Days In the case of bereavement of immediate family (as defined in article IX.G.1 below), employees will be given three (3) days that do not count against personal or sick leave. Additional bereavement days taken will be deducted from sick leave.

  • Banked Overtime In the event the day in lieu of working the statutory holiday is not provided as stipulated in 8.01.04, this portion may also be banked.

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