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.
Banking of Overtime. At the time of reporting overtime hours, employees, except casuals, shall have the option to:
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. 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. 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.
Banking of Overtime. Overtime hours up to maximum of thirty-five (35) hours per year may be accumulated and given as time off with pay on a rate of pay basis and not on an equal time basis, such time off shall be taken at a mutually agreeable time. Where it is not possible to grant time off employees shall receive overtime pay. Arrangements for such time off or pay shall be confirmed within thirty (30) calendar days.
Banking of Overtime. When an employee is required to work overtime he or she may, if the Employer agrees, elect to receive time off instead of payment. Such time off shall be the equivalent in hours to the pay for such overtime that would have been calculated under Clause 8.3. The employee shall make his election at the time of completing his/her overtime claim sheet.
Banking of Overtime. The Company shall implement banked overtime with the goal to reduce the impact of layoffs during non-peak periods. With respect to banked overtime the following shall apply:
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. Banked overtime hours are subject to the following conditions:
Banking of Overtime a. Employees shall not be required to take regular hours off to equalize any overtime worked.
