Article 15
Overtime, Shift Work and Standby Provisions for Regular Full-Time Employees
15.01 Application
This Article applies to all regular full-time employees.
15.02 Rate of Compensation
In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee’s basic salary for the purpose of calculating any benefits or other premium entitlements.
15.03 Method of Compensation
a) At the employee’s option, the special compensation mentioned in Clause 15.02 may be received in the form of cash and/or time off.
b) The employee shall make an option once a year within a time limit to be determined by the Employer during the calendar year in which the special compensation is earned. Failure of the employee to so designate within the time limit shall automatically result in the special compensation being disposed of in cash and/or time off to be determined by the Employer. An option, once made by the employee, may not be changed until the next calendar year.
c) (i) Cash payment for employees who elect full or partial cash option pursuant to paragraph (b) above shall be made once annually by February 28th of the year following that in which the special compensation was earned to the extent of such election.
(ii) Payment for any special compensation which is earned but not compensated in time off, or previously paid in cash shall be made once annually by May 31st of the year following that in which the special compensation was earned.
d) Time off may be taken at any time mutually agreed to between the Employer and the employee, provided that any time off earned in a particular calendar year but not taken by March 31st of the following calendar year shall be paid for in cash. Furthermore, should an employee cease to be covered by this Article for any reason, any time off earned but not taken shall be paid for in cash.
e) Cash/time off conversion shall be on the basis of 2% of the employee’s annual basic salary (for the calendar year in which the special compensation was earned) for 35 working hours’ time off.
