Common use of Banked Hours Clause in Contracts

Banked Hours. If a full-time faculty member’s total load hours resulting from teaching assignments are in excess of fifteen (15) load hours, the faculty member may elect to bank those overload hours for use in subsequent semesters in place of fifteen (15) regular load hours for teaching assignments. A faculty member may accumulate a maximum of three (3) overload hours to be designated as banked hours. The use of banked hours to establish load shall be done with the approval of the Xxxx or designee and must not cause the academic program undue hardship. The faculty member must notify the Xxxx at least thirty (30) calendar days prior to the start of the semester in which they wish to use banked hours. Banked hours may not be claimed as payment in subsequent semesters. When a faculty member declares retirement and has banked hours accumulated, they must use the banked hours as part of their regular load prior to their retirement date and according to any pre-retirement planning guidelines. If a faculty member announces a separation from the College, they must use the banked hours as part of their regular load prior to their separation date. Faculty whose load is determined by clock hours are not eligible to accumulate or apply banked hours.