Examples of Banked Time in a sentence
The pay may not be transferred to or from the normal bank of hours created under the Banked Time Policy.
The following Banked Time in Lieu Of Overtime agreement shall apply to all PWU represented employees as follows: An employee who has accumulated overtime hours shall receive this in earnings, calculated at the appropriate premium rate and cannot be required to take time off in lieu of payment.
The employee may bank Converted Banked Time toward the Allotment in any year of employment but at no time exceed the Allotment.
Shift premiums and/or shift differential may be converted to hours of Converted Banked Time by calculating the monetary ratio between the hourly value of the premium and/or differential on the one hand and the hourly base rate on the other hand.
The foregoing Banked Time provisions are not applicable to Part- Time employees.