Common use of Banking Hours Clause in Contracts

Banking Hours. Employees will be allowed to bank overtime at time and a half and double time hours when working a full shift. Employees can only bank complete shifts. Payments can be made upon request for banked hours. Employees will take two full days off for every full banked hour shift if double time is banked and one and a half day off for every full banked hour shift if one and a half day time is banked, with prior approval of their Shift Supervisor. All banked hours must be cleared by 31st of March each year (for all hours banked in the previous calendar year). Requests for payment will only be processed if made no later than the Friday prior to pay day.

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement