Banked hours scheme Sample Clauses

Banked hours scheme. 2.9.1 What does this concern? ▪ The banked hours scheme applies to construction site employees. Banked hours under this scheme comprise mandatory additional hours and/or travel time. ▪ The object of the scheme is to address peaks and troughs in the company workload. In periods when there is a lot of work (often in the months of April to October) the employee banks hours, which the employer can then use to have the employee work fewer days during periods when less work is available (generally from November to March). ▪ The financial settlement of these banked hours is handled by the Time Savings Fund in the manner set out in clause 4.15 and Annex 4.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Banked hours scheme. The employee works additional hours when the service demands/allows it with agreement from the manager and the additional hours are recorded and ‘banked’ up to a maximum of 5 days per year. The ‘banked’ hours are then used to take additional leave at a time agreed with management. TOIL hours can be formally banked thus extending the carry over of TOIL.
Sample 1

Related to Banked hours scheme

  • Night Shift Employees who regularly work a full shift of eight (8) hours or more on night shift as defined in Section 12.6.1 (Types of Shifts), which includes four (4) hours or more between the hours of 12:00 midnight and 7:00 a.m., shall be paid their regular salary plus ten percent (10%) of their monthly salary per month, provided that in the case of any employee who is regularly assigned to night-shift work for less than an entire work week, the additional payment shall be made only for the portion of the work week worked on the night-shift assignment.

  • Hour Shifts When the Employer deems it necessary to implement a twelve (12) hour work day, affected employees shall be notified pursuant to Clause 14.05. The following Clauses shall be replaced or added to the Collective Agreement where appropriate.

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Time Off Between Shifts Failure to provide the minimum number of hours between the commencement of an employee's scheduled shift and the commencement of such employee's next scheduled shift shall result in payment of one and one-half (1½) times the employee's regular straight time hourly rate for only those hours which reduce the minimum hour period. Where the minimum period is reduced as a result of an approved change of shift(s) requested by the employee(s), such premium payment shall not apply. The minimum number of hours for purposes of this Article shall be determined locally and will be set out in the Local Provisions Appendix.

  • Holiday Falling on a Scheduled Workday‌ An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half (2½x) for hours worked, plus a day off in lieu of the holiday.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.