Banking of Overtime Clause Samples

Banking of Overtime a. Employees shall not be required to take regular hours off to equalize any overtime worked. b. The Employer may allow an employee the option of taking time off in lieu of overtime pay at a time mutually acceptable and agreed to. c. Overtime is banked and used on an hour for hour basis, as per clauses 14.2.1 and 15.3. d. Overtime accumulated and not taken prior to December 31st of each year, shall be paid out.

Banking of Overtime. At the time of reporting overtime hours, employees, except casuals, shall have the option to: a) bank overtime hours at the applicable overtime rates and take compensating time off at a later mutually agreeable time between the employee and supervisor, b) receive pay at the applicable overtime rates on the next pay cheque. c) The supervisor and employee are expected to manage the utilization of accrued overtime. Any remaining credit balance at August 31, or on termination, will automatically be processed by Payroll for payout upon receipt of the August attendance reports. d) Once an employee elects banking or pay for an instance of overtime, no change shall occur.

Banking of Overtime. (i) Tour Workers who work in excess of eight (8) consecutive hours shall have the option of receiving the overtime premium on the basis of this Section or of receiving straight time for hours in excess of eight (8) consecutive hours and taking equivalent time off in units of not less than four (4) hours at the hourly rate for the job when the work was performed, at a time suitable to the employee and the Company during the contract year. Any overtime remaining at the end of the contract year in which it is banked may be carried over to the next contract year for purposes of taking equivalent time off. If equivalent time off is not taken by the end of the contract year following the contract year in which it is earned, the Company shall pay the deferred one-half premium pay. Tour Workers who choose to bank overtime may later re-elect to receive the deferred one-half premium pay. (ii) Day Workers who work in excess of ten (10) hours in a day shall have the option of receiving the overtime premium on the basis of this Section or of receiving straight time for hours in excess of ten (10) hours in a day and taking equivalent time off in units of not less than four (4) hours at the hourly rate for the job when the work was performed, at a time suitable to the employee and the Company during the contract year. Any overtime remaining at the end of the contract year in which it is banked may be carried over to the next contract year for purposes of taking equivalent time off. If equivalent time off is not taken by the end of the contract year following the contract year in which it is earned, the Company shall pay the deferred one-half premium pay. Day Workers who choose to bank overtime may later re-elect to receive the deferred one-half premium pay. (iii) When the banked time off is requested in writing seven (7) days in advance, employees shall receive written notice of the disposition of their request a minimum of seventy-two

Banking of Overtime. Facility Pool Operators directed or authorized to work in excess of a regular work day or on a paid holiday shall be granted time off as is mutually agreeable between the Employee and the Manager of Events, Aquatics and Ski Hills. Such time off shall be at the applicable rate for the actual hours worked and be limited to a total accumulation of seventy

Banking of Overtime. Overtime hours may be banked to provide employees with paid time off. As a general rule banked hours must be taken during periods of layoff. Prior to September 1 of each year interested employees will sign the appropriate form to request that the Company bank their overtime hours.

Banking of Overtime. 13:3.1 Where an employee desires to bank his/her overtime as outlined in Article 13:2- Overtime, for the purpose of additional vacation (hereinafter referred to as “V/O”, Vacation Overtime), he/she shall request, complete and return a form (Form HR26SS) supplied by the Board to the Human Resources Department. 13:3.1.1 Where an employee has requested banking of his/her overtime in accordance with Article 13:3.1, the employee shall indicate on his/her time sheet overtime hours which are to be banked as “V/O” in accordance with this Agreement, and overtime hours which are to be paid as overtime in accordance with this Agreement. 13:3.2 Overtime which is accumulated as V/O shall be credited in terms of hours, and when taken as time off, shall be paid out at the same hourly rate as accumulated. (For example, one (1) hour worked at time and one half equals one and one half (1-1/2) hours banked V/O.) When a regular employee leaves the Board, all accumulated hours in the employee’s V/O bank will be paid out in total. 13:3.3 A regular or school-term employee may accumulate an unlimited number of V/O hours. 13:3.3.1 An employee must provide a written request to his/her management supervisor to use V/O hours from his/her V/O bank prior to the hours being withdrawn. 13:3.3.2 The Board’s response to the employee’s written request shall also be in writing, and shall be based on operational requirements as determined by the Board. The Board will not unreasonably deny an employee’s request for use of his/her banked V/O hours.

Banking of Overtime. The Company may permit Employees to bank up to 120 hours of overtime to be used during periods of lay-off. During periods of layoff, crew-down and other work shortages, banked overtime hours may be used in the same manner as vacation days. Employees may replenish any banked hours used, subject to the 120 hour maximum noted above, and may request payout of banked overtime pay at any time, in accordance with the Division’s normal payroll practice.

Banking of Overtime. In lieu of the overtime provisions of Article 5.06 of the Collective Agreement, employees may choose to bank overtime hours to be taken as paid time off at a future date. Employees choosing to bank their overtime must advise the Employer of their decision in advance of working the overtime. Employees may bank up to eighty (80) hours of paid time off which may be taken at a mutually agreed upon time between the Employer and the Employee in blocks of not less than eight (8) hours. In no event will such banked time off be accumulated from calendar year to calendar year unless mutually agreed otherwise. If such mutual agreement is not made, all banked time not taken by December 1 of the calendar year in which it is accumulated will be paid out by December 15 of such year at overtime rates under this Agreement.

Banking of Overtime. 10.07 a) An employee may elect not to receive pay for overtime worked including on call pay and have such overtime hours credited, at premium rates, to a bank for later time off (e.g., employee works eight (8) hours at time and one-half – credit in bank is twelve (12) hours – time off entitlement is twelve (12) hours). Alternatively an employee who is on "Direct Payroll Deposit" may elect to transfer such overtime pay to any Registered Retirement Savings Plan (RRSP) selected by the Union for this purpose and included in the payroll system by the Employer. 10.07 b) Total hours entered in the bank for non-shift assignment employees shall not exceed one hundred and twenty (120) hours in any calendar year. The Employer may schedule up to forty (40) hours of time off for an employee, using banked hours in excess of the first eighty (80) entered into the bank by the employee. 10.07 c) Except as in b) above, the employee and the supervisor must agree when time off is to be taken. The earliest that such request will be considered is nine (9) calendar days before the time off is to be taken. However, to enable the supervisor to make a reasonable decision, the employee must give a minimum of twenty-four (24) hours notice. The supervisor may waive the notice requirement in exceptional circumstances. 10.07 d) Withdrawal from the bank will not take precedence over scheduled vacation. 10.07 e) When time off for shift workers requires replacement at overtime rates, time off will only be granted if the shift worker reimburses such time off at replacement value. As they may be required to reimburse some time off at replacement value, total eligible time off that can be entered in the bank shall be a maximum of ninety-six (96) hours at any point in time in the calendar year. A shift employee who has used banked time can continue to bank additional time as long as it does not exceed a maximum of ninety-six (96) hours. 10.07 f) In the case of non-shift workers, request for banked time off will be given the same consideration as unscheduled vacation. Such requests will be considered on a first come, first served basis and will be contingent on work requirements. 10.07 g) Unscheduled vacation is defined as a request for vacation with less than ten (10) calendar days notice. 10.07 h) Unused banked time credits at year end will be canceled by payment or transferred to an RRSP.