Common use of Overtime Options Clause in Contracts

Overtime Options. (i) Employees shall have the option of being compensated for overtime in cash or time off, to a maximum of ten (10) banked days per year, provided that: (1) they indicate it is to be banked at the time; (2) the time off can be scheduled at a time that is mutually agreeable to the employee and the Company, and (3) the total number of days taken by an employee under this clause and Article 24.01(a) does not exceed the total number of days off allowed in a year. (ii) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Banked overtime cannot be carried forward from one calendar year to the next.

Overtime Options. (i) Employees shall have the option of being compensated for overtime in cash or time off, to a maximum of ten (10) banked days per year, provided that: (1) they indicate it is to be banked at the time; (2) the time off can be scheduled at a time that is mutually agreeable to the employee and the Company, ; and (3) the total number of days taken by an employee under this clause and Article 24.01(a24.01 (a) does not exceed the total number of days off allowed in a year. (ii) If such mutual agreement cannot be reached, the employee shall be paid out for any banked overtime in January of the following calendar year. Banked overtime cannot be carried forward from one calendar year to the next.