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amounting to less than six (6) minutes shall not be considered time worked. Overtime <br />worked for six (6) or more minutes shall be calculated in six (6) minute intervals. Leave <br />without pay shall not be credited towards the total time worked in computing a regular <br />workday, and /or a work period, as defined herein. <br />8.4 Compensation for Overtime. <br />A. The preferable method by which overtime shall be compensated is by monetary <br />payment, at one and one -half (1 1/2) times the employee's regular rate of pay. <br />B. Should the Police Chief determine that the best interests of the City will be served <br />thereby, he or his designee may permit an employee to be compensated for <br />overtime work by earning compensatory time off at the rate of one and one -half <br />(1 1/2) hours for each hour of overtime worked. This time, hereinafter identified <br />as "comp time" shall be accrued as set forth below. <br />C. Effective on the first day of the pay period after City Council approval of this <br />MOU, all comp time banks in existence for employees represented by this <br />agreement shall be split into two separate banks. <br />1. The first bank, which will be called the "Non -FLSA Comp -Time Bank ", <br />shall have deposited into it all comp time earned as of that date in excess <br />of one - hundred (100) hours. All employees with comp time balances <br />below one - hundred (100) hours will not have a Non -FLSA Comp -Time <br />bank created for them. The Non -FLSA Comp Time Bank can never have <br />hours added to it. The hours in that bank can only be used as leave time <br />and when using such leave will not cause the City to have to pay another <br />employee overtime to fill behind the employee using the leave. The comp <br />time in this bank cannot be cashed out during employment, only at the <br />time the employee leaves City employment. If an employee uses the <br />comp time in this bank during employment and exhausts the entire accrual <br />in this bank, the employee's Non -FLSA Comp Time Bank will be closed <br />as no additional hours may accrue into this bank. <br />2. The second bank will be called the "FLSA -Comp time Bank ". This bank <br />will have deposited into it comp -time employees have accrued up to one- <br />hundred (100) hours. <br />The FLSA Comp Time Bank has a maximum accrual of one - hundred <br />(100) hours. An employee who has 100 hours in this bank will earn <br />overtime paid at time and one half the employee's regular rate of pay for <br />overtime earned in accordance with this MOU. An employee who works <br />overtime and who has less than 100 hours in his /her FLSA Comp Time <br />Bank may be able to accrue hours (at the rate of 1.5 hours for each hour of <br />overtime worked) in accordance with subdivision (B) above. The Comp <br />29 <br />