Common use of Banking of Overtime Clause in Contracts

Banking of Overtime. Employees may bank their overtime to be taken off at a future, mutually agreed upon date. If such time in lieu cannot be taken by the end of the fiscal year, an Employee shall be eligible to carry over a maximum of one hundred and twenty (120) hours to the next fiscal year. An Employee shall be paid out for all hours in excess of one hundred and twenty (120) hours at the end of each fiscal year.

Banking of Overtime. Employees Overtime hours up to maximum of thirty-five (35) hours per year may bank their overtime to 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 off at a future, mutually agreed upon dateagreeable time. If Where it is not possible to grant time off employees shall receive overtime pay. Arrangements for such time in lieu cannot be taken by the end of the fiscal year, an Employee off or pay shall be eligible to carry over a maximum of one hundred and twenty confirmed within thirty (12030) hours to the next fiscal year. An Employee shall be paid out for all hours in excess of one hundred and twenty (120) hours at the end of each fiscal yearcalendar days.

Banking of Overtime. Employees may bank their Approved overtime to worked will be taken off paid, or at a future, mutually agreed upon date. If such time in lieu cannot be taken by the end request of the fiscal year, an Employee employee banked. Overtime shall be eligible to carry over a maximum of one hundred and twenty (120) in equivalent hours to the next fiscal yearovertime payment entitlement. An Employee Banked overtime shall not exceed thirty-five (35) hours. Banked overtime may be taken at a time that is mutually agreeable between the employee and her Supervisor. Unused banked overtime as of September 30th of each year will be paid out for all hours in excess of one hundred and twenty (120) hours at the end of each fiscal yearout.

Banking of Overtime. Employees Instead of cash payment for overtime, an employee may choose to receive time off. Time in lieu of pay for overtime will be equivalent to hours earned (for example: if an employee works two (2) hours at time and one-half, the employee will bank their overtime to three (3) hours.) Time off will be taken off at a future, time mutually agreed upon date. If such time in lieu cannot be taken by the end of employee and the fiscal year, an Employee shall supervisor. The employee will be eligible allowed to carry over bank up to a maximum of one hundred and twenty eighty (12080) hours per calendar year. All banked overtime not used by December 31st of each year will be paid to the next fiscal year. An Employee shall be paid out for all hours in excess of one hundred and twenty (120) hours employee at the end of each fiscal yearapplicable overtime rate.

Banking of Overtime. Employees may bank their overtime Overtime hours, up to be taken off at a future, mutually agreed upon date. If such time in lieu cannot be taken by the end of the fiscal year, an Employee shall be eligible to carry over a maximum of one hundred and twenty thirty-five (120) hours to the next fiscal year. An Employee shall be paid out for all hours in excess of one hundred and twenty (12035) hours at the end any given time, may be accumulated and given as time off with pay on a rate of each fiscal yearpay 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. Arrangement for such time off or pay shall be confirmed within thirty (30) calendar days.