Banking of Hours. Employees shall be given the opportunity to bank hours worked in excess of the ordinary working hours on any one day or in any one week. Such hours worked shall be banked to the employee’s credit on an hour for hour basis ( i.e. one hour worked equals one hour banked ) and held in trust. The employee shall be able to accrue a maximum of 160 hours in banked hours at any one time. The banked hours shall be taken as paid time off by the employee with the consent of the employer. Accrued banked hours shall be paid out to the employee at the current ordinary hourly rate of pay on termination of employment.
Appears in 5 contracts
Samples: Agreement, Collective Agreement, Agreement
