Banked Overtime (excluding Technical Services Sample Clauses

Banked Overtime (excluding Technical Services. The intent of the plan is to level off and reduce the number of regular employees that could be laid off during the slack production periods. The parties also agree that, the procedures following may be amended as mutually agreed between the parties. Employees working overtime have an option of either getting paid for it, or banking all or part of it, all at the applicable overtime rates. The procedures for banking overtime for the Plant, excluding Technical services shall be as follows: (a) Overtime can be banked in no less than 1/2 hour increments. (b) Processing of banked time (banking or drawing out banked time) is done by time sheets only. No processing will be done by special pay adjustments or manual cheques.