The hours people report on their timesheets at work that they do not actually work. Sherrie or Share time is usually known by other workers in the business, but no one does anything to alter or address the misinformation. Primarily used to describe casual coming and going in the work place that does not adhere to a 40 hour work week.
"I am going to the bank" during work hours and not adjusting her time sheet. Coming in two hours late, leaving an hour early, and still reporting a full day. "I am just going to work share time today, I am too tired to go to work on time." "Sherrie time, baby, who's to know?" "You got away with Sharee time, kudos dude. money!"