Banking of Overtime definition

Banking of Overtime. The Corporation agrees to the banking of overtime under the following conditions: Employees requesting time off in lieu of payment for overtime worked may have such time off only with approval of their supervisor. Time off will be based on the applicable premium rates. A maximum of five (5) working days shall be accumulated per year (i.e. one (1) year refers to May 1st to April 30th). The employee signifies their intent to bank immediately upon completion of working time. Banked time will only be used to extend vacations where management is in agreement. Time off will be taken in a minimum of one (1) hour blocks. Any banked time left on April 30th each year will be paid out based on the applicable rates on April 30th or paid out upon written request within fifteen (15) working days. Banked time shall be used prior to any leave with no pay. Article X Paid The following twelve (12) paid holidays and any other Federally or Provincially proclaimed holiday, regardless of when they fall, will be granted with pay to all full-time and temporary employees who have completed thirty
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Examples of Banking of Overtime in a sentence

  • Banking of Overtime to be taken as time off will be available under the following guidelines: At January 1st of each year, a decision must be made to either bank overtime or receive overtime pay.

  • Banking of Overtime When an employee works exception-based overtime (i.e. overtime booked or required outside of the general booking), he or she will have the choice of receiving cash payment or of placing the hours in an overtime bank.

  • Banking of Overtime When an employee works exception-based overtime overtime booked or required outside of the general booking), he or she will have the choice of receiving cash payment or of placing the hours in an overtime bank.

  • Section 10.4, Accumulation and Banking of Overtime, of Part I of this Agreement shall apply to Members covered by this Part II, except that in subsection 10.4(a) the maximum accumulation of overtime or Court time shall be 24 hours.

  • Banking of Overtime Overtime hours may be banked to provide employees with paid time off.

  • And: INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS, VANCOUVER LODGE #692 Banking of Overtime Objective The banking of overtime hours to give more flexibility to both parties allowing the Company to schedule work loads during peak periods more effectively and be able to give the employee periods of time off during slower periods.

  • Banking of Overtime The Company shall establish a time bank for the banking of overtime hours in accordance with the applicable provisions of the Employment Standards Act of upon the written request of the employee.

  • Banking of Overtime: A maximum of 4-twelve hour working days shall be accumulated per year (May 1st to April 30th).

  • Banking of Overtime Employees will be given the option, upon the first recall in a new calendar year, before the xxxxxxx season, before the salmon season, and after the salmon season, to either bank all their overtime, subject to Article or to have it paid in cash when earned.

  • X0X 0X0 AND: TEAMSTERS LOCAL UNION No. 213, affiliated with the International Brotherhood of Teamsters, of the City Vancouver, Province of British Columbia; Re: Banking of Overtime It is agreed that employees may bank up to forty (40) hours of overtime in a calendar year under the following terms and conditions.

Related to Banking of Overtime

  • Montreal Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Montreal, May 28, 1999.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Warsaw Convention means the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, as amended, but not including the Montreal Convention as defined above.

  • public holiday means any day other than Saturday or Sunday on which the banks in the City of London are not open for business;

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • General Holiday means every Sunday and any other day which is a

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • New York Convention means the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York, June 10, 1958;

  • Hague Convention means the Convention on the Service Abroad of Judicial and Extra Judicial Documents in Civil or Commercial Matters done at the Hague on 15 November 1965;

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Chicago Convention means the Convention on International Civil Aviation, signed at Chicago on 7 December 1944, as amended, and its Annexes;

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Public Holidays means those days declared as public holidays in accordance with the Holidays Act 1983.

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Statutory Holiday means New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, and Boxing Day; and

  • 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.

  • international voyage means a voyage from a country to which the present Convention applies to a port outside such country, or conversely.

  • Eleventh District Cost of Funds Rate means: (1) the rate equal to the monthly weighted average cost of funds for the calendar month immediately preceding the month in which the particular Interest Determination Date falls as set forth under the caption “11th District” on the display on Moneyline Telerate (or any successor service) on page 7058 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 7058”) as of 11:00 A.M., San Francisco time, on that Interest Determination Date; or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 7058, the monthly weighted average cost of funds paid by member institutions of the Eleventh Federal Home Loan Bank District that was most recently announced (the “Eleventh District Index”) by the Federal Home Loan Bank of San Francisco as the cost of funds for the calendar month immediately preceding that Interest Determination Date; or (3) if the Federal Home Loan Bank of San Francisco fails to announce the Eleventh District Index on or prior to the particular Interest Determination Date for the calendar month immediately preceding that Interest Determination Date, the Eleventh District Cost of Funds Rate in effect on the particular Interest Determination Date.

  • the Convention means the Convention on International Civil Aviation opened for signature at Chicago on 7 December 1944, and includes: (i) any amendment that has entered into force under Article 94(a) of the Convention and has been ratified by all the Contracting Parties to this Agreement, and (ii) any Annex or any amendment thereto adopted under Article 90 of the Convention, insofar as such Annexes or amendments are, at any given time, effective for all the Contracting Parties to this Agreement;

  • Place of public accommodation means any building or structure in which goods are supplied or services performed, or in which the trade of the general public is solicited.

  • Labor law decision means an administrative merits determination, arbitral award or decision, or civil judgment, which resulted from a violation of one or more of the laws listed in the definition of “labor laws”.

  • the 2007 Act means the Local Government and Public Involvement in Health Act 2007;

  • ICSID Convention means the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, done at Washington, March 18, 1965;

  • Public highway means a public highway, road, street, avenue, alley, or thoroughfare of any kind, or a bridge, tunnel, or subway used by the public.