Banked holiday time definition

Banked holiday time means the hours reported for work performed on a holiday that the employee
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Banked holiday time means the hours reported for work performed on a holiday that the employee may use for equivalent time off or that may be paid to the employee as specified by the employer's policy.
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Examples of Banked holiday time in a sentence

  • Banked holiday time shall be bought back at the employee’s regular rate of pay, when any employee leaves the service of the City.

  • Banked holiday time shall accrue until the employee requests to be paid or until the employee’s anniversary date, at which time all banked time shall be bought back from the employee at the employee’s regular hourly rate.

  • Banked holiday time shall be utilized prior to the end of the payroll fiscal year when balances shall be reduced to zero, provided however that a maximum of 45.7 accrued, unused hours shall be carried over to the next payroll fiscal year.

  • The Department Head must indicate the employee’s choice on the timecard.• Banked holiday time must be used within one year of accrual.• If there is a banked holiday time balance of greater than zero, banked holiday time must be used before any annual leave is used.

  • LETTER OF UNDERSTANDING Subject: Holiday Bank Conversion Sections 13.6 and 13.7 Banked holiday time as of December 31, 2015 may be used as paid time off during 2016, following the usage provisions of Section 13.7. Any such time still outstanding at the end of 2016 will be paid out in January, 2017.

  • The activities are delivered through a combination of group workshops with the entire Cohort and individual workshops held at the individual participant sites.

  • LETTER OF UNDERSTANDING Subject: Holiday Bank Conversion Sections 13.6 and 13.7 Banked holiday time as of December 31, 2015 may be used as personal time during 2016, following the usage provisions of Section 13.7. Any such time still outstanding at the end of 2016 will be paid out in January, 2017.

  • Banked holiday time not used by the established deadlines will not be converted to cash.

  • Banked holiday time must be used in the contract year it is given.

  • Banked holiday time – Police, fire, wastewater treatment facility and water treatment plant personnel can accumulate holiday premium pay in lieu of payment.

Related to Banked holiday time

  • Bank Holiday means any day that is specified or proclaimed as a bank holiday, pursuant to section 1 of the Banking and Financial Dealings Act 1971;

  • Central Clock Time or "CCT" means Central Daylight Time when Daylight Savings Time is in effect and Central Standard Time when Daylight Savings Time is not in effect.

  • public holiday means any day that is a public holiday in terms of the Public Holiday Act, 1994 (Act No. 36 of 1994);

  • Weekday means Monday – Friday.

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • PM means particulate matter.

  • NERC Holidays means a holiday as defined by the North American Electric Reliability Corporation or any successor thereto.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • Day means calendar day.

  • Legal Holiday means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period.

  • Real-time means the actual time in which an event takes place, with the reporting on or the recording of the event simultaneous with its occurrence.

  • Up time means the time period when specified services with specified technical and service standards are available to user(s)

  • Afternoon shift means any shift finishing after 6.00pm and at or before midnight.

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.