Banking Time Clause Samples

Banking Time. 1. Prior to vacation, any Association member may request the banking of up to twenty

Banking Time i) Accumulation of Banked Statutory Holidays

Banking Time. Unused vacation days, up to a maximum of ten (10) days, if not used within a specific contract year, are cumulative for one year. Any additional unused vacation days, up to a maximum ten (10) days, will be carried to additional sick days.

Banking Time. If the employee chooses to be paid in semi-monthly equal payments, a Time Bank will be established. When the available work is less than the weekly allowance of hours (780 / 52 = 15 hours per week), any extra, unused hours will be banked against weeks when the work available is greater than the weekly allowance. All applicable overtime as outlined elsewhere in this agreement will accrue and be deducted from banked time as required at the applicable overtime rate. The employee may request that any excess overtime pay accrued be paid out in the following pay cycle. Banked overtime shall be capped at 60 hours of accumulated overtime, after which it will be paid out to the employee. Any remaining banked time or overtime shall be paid out at the end of each fiscal year (December 31).

Banking Time. An employee will be allowed to accumulate unused sick days to be drawn upon at a later date if such employee becomes sick. In order to draw upon such accumulated sick time, the employee must actually be sick and have exhausted the sick time allotted for that benefit year to which he or she is otherwise entitled under the contract. The University shall have the right to have an employee examined by its own physician.

Banking Time. All current employees will be grandfathered under the 2005-2008 accrual and payout contractual language of fifty (50) days with one day for every two days above said fifty (50) days to a maximum accrual/carryover bank of seventy (70) days until June 30, 2011. The denominator used will be two hundred sixty (260) days to compute the per-diem rate. The denominator for 10 month 20 day supervisors shall be two hundred twenty days to compute per diem rate. The payout for employees hired on or before June 30, 2008 will be based on the accrued days as of June 30, 2011 or the $15,000 statutory cap, whichever is greater. All new hires will be held to the aforementioned $15,000.00 statutory cap.

Banking Time. Twelve month Employees may bank a maximum of eight (8) days per year to a maximum of fifty (50) days. Administrators who had 60 days banked as of June 30, 2003 shall be able to maintain those days. Administrators shall be entitled to sell back two vacation days at the current per diem rate during 2006-2007 and 2007-2008, and three days per year for the 2008-2009 school year. The request must be in writing to the Superintendent no later than June 1st of the current year. Ten and one-half month Employees may bank a maximum of three (3) days per year to a maximum of thirty (30) days.

Banking Time. A member may bank a maximum of five (5) days of accrued vacation time which must be used during the next contract year or forfeited, unless the superintendent shall not have permitted their use.

Banking Time. An employee will have such unused sick days accumulated to be drawn upon at a later date if such employee becomes sick. In order to draw upon such accumulated sick leave the employee must actually be sick and have exhausted sick leave pay to which he or she is otherwise entitled under the contract. The University shall have the right to have an employee examined by its own physician. An employee leaving the University in good standing with at least five years of continuous full time service shall be entitled to be paid for 25% (one-fourth) of such accumulated sick leave up to a maximum of 30 days. Payment will be at the employee's rate in effect at the time of payment.