Banked Time Program Sample Clauses

Banked Time Program. The Authority and the Union agree to the banked time program subject to the following conditions: An employee may accumulate and take equivalent time off in lieu of payment for overtime hours, work on a day off, or on a holiday and shall record the equivalent hours on his or her time sheet. Such time shall be known as banked time.
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Banked Time Program. 1. Employees covered by this agreement who wish to participate in this program will be required to enroll in the banked time program by completing an enrolment form and forwarding to the Payroll Department in Concord.
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Banked Time Program. The Authority and the Union agree to the banked time program subject to the following conditions: An employee may accumulate and take equivalent time off in lieu of payment for overtime hours, work on a day off, or on a holiday and shall record the equivalent hours on his or her time sheet. Such time shall be known as banked time. This banked time may be accumulated to a maximum of one hundred and twenty (120) hours between July 1st and June 30th each year. Banked time can be scheduled to be taken at a time mutually agreed to by the employee and his or her supervisor. The rate of accumulation shall be determined by the rate of pay provided in the pertinent section of the Agreement. For example, a forty (40) hour per week employee working on a day off shall receive a credit of x = hours of straight time pay, and accordingly hours shall be accumulated as banked time. All banked time accumulated up to and including the last pay period in May shall be liquidated in cash and paid out by July except as follows:
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Banked Time Program. The Authority and the Union agree to the banked time program subject to the following conditions:
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Banked Time Program. Employees may participate in the banked time program as follows: Any time off under this letter must be pre-approved by the employee’s manager not to exceed eighty (80) hours at one time.
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Related to Banked Time Program

  • In-Service Programs The parties to this collective agreement recognize the value of in-service education both to the employee and the Employer.

  • Leave Donation Program Employees may donate paid leave to a fellow employee who is otherwise eligible to accrue and use sick leave and is employed by the same Agency. The intent of the leave donation program is to allow employees to voluntarily provide assistance to their co-workers who are in critical need of leave due to the serious illness or injury of the employee or a member of the employee’s immediate family. The definition of immediate family as provided in rule 123:1-47-01 of the Administrative Code shall apply for the leave donation program.

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  • Dependent Care Assistance Program The County offers the option of enrolling in a Dependent Care Assistance Program (DCAP) designed to qualify for tax savings under Section 129 of the Internal Revenue Code, but such savings are not guaranteed. The program allows employees to set aside up to five thousand dollars ($5,000) of annual salary (before taxes) per calendar year to pay for eligible dependent care (child and elder care) expenses. Any unused balance is forfeited and cannot be recovered by the employee.

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  • Catastrophic Leave Program Leave credits, as defined below, may be transferred from one or more employees to another employee, on an hour-for-hour basis, in accordance with departmental policies upon the request of both the receiving employee and the transferring employee and upon approval of the employee's appointing authority, under the following conditions:

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