Compensating Time Off definition

Compensating Time Off means time off which has been earned as overtime compensation and which is accrued at time and one- half in accordance with Clause
View Source
Compensating Time Off. (“CTO”) shall mean compensating time off which is granted in lieu of pay for overtime hours worked.
View Source
Compensating Time Off. ("CTO") shall mean compensating time off which is granted in lieu of pay for overtime hours worked.
View Source

Examples of Compensating Time Off in a sentence

  • Lieu time shall be scheduled pursuant to Article 16.6 (Compensating Time Off).

  • The Employee will notify the Supervisor the choice of overtime as pay or Compensating Time Off.

  • If Compensating Time Off is selected by the Employee, it will be scheduled at a mutually agreeable time normally not later than March 31 for work done in the 12- month period ending December 31.

  • Should this not be possible, the Supervisor will ensure that the Employee receives payment at the applicable rate by April 30 unless the Employee and her Supervisor agree to extend the period for the taking of Compensating Time Off.

  • Overtime pay shall be paid to the employee on the next paycheque after the expiration of the pay period in which the overtime was earned except as provided in Article 16.6 (Compensating Time Off) below.

  • Compensating Time Off (CTO) may be granted for services performed outside regular working hours in lieu of overtime pay and in accordance with applicable State and Federal Laws, and at the discretion of the Fire Chief/Administrator.

  • Upon accrual of Compensating Time Off (CTO), and consistent with CalHR Rule 599.705, CTO shall be used in no less than 7.5 minute increments or multiples thereof.

  • Overtime may be compensated in pay or Compensating Time Off at the equivalent rate.

  • If Compensating Time Off is selected by the Employee, it will be scheduled at a mutually agreeable time normally not later than March 31 for work done in the 12-month period ending December 31.

  • Employees who have worked over eighty (80) hours in a biweekly pay period, shall have the option to receive Compensating Time Off (CTO) or pay for those hours over eighty (80) on a time and one-half basis.


More Definitions of Compensating Time Off

Compensating Time Off means the product of overtime hours worked times the applicable overtime factor.
View Source

Related to Compensating Time Off

  • Vacation means annual vacation with pay.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;