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https://www.replicon.com/customer-zone2/kb-4220/#:~:text=Banked%20Hours%20%28also%20known%20as%20Time%20Off%20in,that%20is%20agreed%20between%20managers%20and%20individual%20staff.
https://www.replicon.com/customer-zone2/kb-4220/
Banked Hours (also known as Time Off in Lieu) refers to hours worked over contracted hours but instead of receiving an overtime payment for these hours they are held (banked) to be taken as leave at a time in the future that is agreed between managers and individual staff. Some employees may be allowed to bank overtime hours that they may later used to take a time off.
https://medical-dictionary.thefreedictionary.com/banked+hours
A term for holiday/annual leave time taken instead of pay for extra hours worked. For GPs, TOIL is typically derived from the difference between average rostered hours and normal basic hours. Usually, the excess of the former over the latter is banked, and taken as time off. Segen's Medical Dictionary. © 2012 Farlex, Inc.
https://www.dictionary.com/browse/bankers--hours
Bankers' hours definition, a short working day, especially one that extends from 9 or 10 a.m. until 2 p.m., the hours during which banks were traditionally open to the public. See more.
https://www.collinsdictionary.com/dictionary/english/banking-hours
banking hours in British English. (ˈbæŋkɪŋ aʊəz) plural noun. the hours during which a bank is open for business. We are open outside normal daily banking hours and on Saturdays. Collins English Dictionary. Copyright © HarperCollins Publishers.
https://dier.gov.mt/en/Employment-Conditions/Hours%20of%20Work/Pages/Banking-of-Hours.aspx
Banking of Hours. In all sectors, whether these sectors are covered by a Wages Council Wage Regulation Order or not, the employer may introduce schemes to bank hours, whereby up to 376 hours of the normal annual working hours in each calendar year may be banked, thus allowing extra hours over and above the normal weekly working hours to be …
https://secure.ssa.gov/poms.nsf/lnx/0600805278
The employee’s Reserve of Contributions Account “banks” the contributions (or hours, which are later converted to a money amount) to pay premiums for future group health plan (GHP) coverage that the Welfare Fund provides. We call this an hours’ bank arrangement.
https://whatis.techtarget.com/definition/time-bank
With time banking, a person with one skill set can bank and trade hours of work for equal hours of work in another skill set instead of paying or being paid for services. The hours banked are always traded equally regardless of the services rendered. This equality is intended to foster ties in communities and, by making all contributions valued equally, encourage equality in the …
https://www.thefreedictionary.com/banked
Define banked. banked synonyms, banked pronunciation, banked translation, English dictionary definition of banked. n. 1. A piled-up mass, as of snow or clouds; a heap: a bank of thunderclouds. 2. A steep natural incline. 3. An artificial embankment. 4. often banks a. ...
https://pubsaskdev.blob.core.windows.net/pubsask-prod/105628/105628-Time_Bank_Agreement_Template.pdf
(a) “banked time” means the overtime hours credited to an employee’s time bank, for which an employer is to provide the employee with time off with pay in accordance with this section; (b) “written notice” means notice, in writing, that is required to be given to the other party by an
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