Overtime Banking. Employees who work overtime may transfer to an overtime bank up to one hundred percent (100%) of the overtime hours they earned to be taken as time off in lieu of wages, provided that no employee may bank more than a total of forty (40) hours in any six month period. Any such overtime so banked must be taken off at a time mutually agreed upon with the employee’s Supervisor. Any time remaining in an employee’s bank at the end of each six-month period will be paid off at the employee’s prevailing rate of pay.
Appears in 3 contracts
Samples: Office and Professional Employees, Office and Professional Employees, Office and Professional Employees
Overtime Banking. Employees who work overtime may transfer to an overtime bank up to one hundred percent (100%) of the overtime hours they earned to be taken as time off in lieu of wages, provided that no employee may bank more than a total of forty twenty (4020) hours in any six month period. Any such overtime so banked must be taken off at a time mutually agreed upon with the employee’s Supervisor. Any time remaining in an employee’s bank at the end of each six-month period will be paid off at the employee’s prevailing rate of pay.
Appears in 2 contracts
Samples: Collective Agreement, Office And
