Common use of Maximum Banked Hours Clause in Contracts

Maximum Banked Hours. A maximum of one hundred and twenty (120) hours may be accrued as banked hours and may be withdrawn by an employee in whole or in part at their regular rate at time of withdrawal. In the event an employee also wishes time off, such time will be by mutual agreement and subject to the operating needs of the business.

Maximum Banked Hours. A maximum of one hundred and twenty (120) 120 hours may be accrued as banked hours and may be withdrawn by an employee in whole or in part at their regular rate at time of withdrawal. In the event an employee also wishes time off, such time will be by mutual agreement and subject to the operating needs of the business.