Overtime Rate / Compensation Time Sample Clauses

Overtime Rate / Compensation Time. Clerical, Truck Drivers, Warehouse, Vehicle Maintenance, Buildings and Grounds, Data Processing and Custodial employees required to work overtime previously approved by the supervisor may, at the employee’s option, elect to receive compensatory time in lieu of paid overtime for up to one-half (1/2) of all overtime worked by that employee. The employee must notify the supervisor in writing by the end of the business day after overtime has been worked if the employee desires to use compensatory time at a future date rather than receive payment for the overtime in the next pay period. Compensatory time shall not be used immediately before or after a holiday or any student non-attendance days. Compensatory time shall be credited on the basis of one and one-half (1 1/2) hour for each hour of overtime worked by the employee. Compensatory time in lieu of paid overtime may be accumulated up to a maximum of forty (40) hours. Whenever the employee desires to take time off earned on the basis of compensatory time, the employee shall submit a written request to the employee’s supervisor. Indicating the amount of compensatory time the employee desires to use and the requested date(s) for such use. The supervisor may not unreasonably deny the employee’s request to use accrued compensatory time. Except in emergency situations, an employee shall submit a request to use compensatory time a minimum of three (3) work days in advance of the time desired off unless the supervisor agrees to lesser notice. After an employee has used any or all of the employee’s accumulated compensatory time, the employee may accumulate additional compensatory time up to the forty (40) hour maximum. If the employee’s request to use compensatory time is denied, the employee shall have the option to request to receive cash payment for the overtime worked. Upon termination of employment for any reason, an employee shall be paid for unused compensatory time at the rate in effect at the time of payment.
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Related to Overtime Rate / Compensation Time

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  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

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