Common use of Lieu Time/ Banked Straight Time Clause in Contracts

Lieu Time/ Banked Straight Time. (a) Instead of cash payment for overtime, or for straight time banked pursuant to Article 18.01(b)(v) or 18.01(b)(vii), an employee may choose to receive time off at the appropriate rate at a time selected at the discretion of the employee and by mutual agreement. The maximum time off shall be eighty (80) hours per calendar year. Employees who have more than one hundred (100) hours accumulated to their credit as at December 31, in any calendar year, shall have the excess paid out. Any hours or portion thereof under the one hundred (100) hour limit, may at December 31, at the discretion of the employee, be paid out in cash or carried forward.

Lieu Time/ Banked Straight Time. (a) Instead of cash payment for overtime, or for straight time banked pursuant to Article 18.01(b)(v18.01 (b) (v) or 18.01(b)(vii18.01 (b) (vii), an employee may choose to receive time off at the appropriate rate at a time selected at the discretion of the employee and by mutual agreement. The maximum time off shall be eighty sixty-four (8064) hours per calendar year. Employees who have more than one hundred sixty-four (10064) hours accumulated to their credit as at December 31, in any calendar year, shall have the excess paid out. Any hours or portion thereof under the one hundred (100) 64 hour limit, may at December 31, at the discretion of the employee, be paid out in cash or carried forward.

Lieu Time/ Banked Straight Time. (a) Instead of cash payment for overtime, or for straight time banked pursuant to Article 18.01(b)(v) or 18.01(b)(vii), an employee may choose to receive time off at the appropriate rate at a time selected at the discretion of the employee and by mutual agreement. The maximum time off shall be eighty seventy-two (8072) hours per calendar year. Employees who have more than one hundred seventy-two (10072) hours accumulated to their credit as at December 31, in any calendar year, shall have the excess paid out. Any hours or portion thereof under the one hundred seventy-two (10072) hour limit, may at December 31, at the discretion of the employee, be paid out in cash or carried forward.