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From Rosendahl Design Group:
Bankers Clock was originally designed uniquely for Denmark's National Bank by the famous Danish designer Arne Jacobsen. Jacobsen also designed table clocks, and now the original LK table clock has been produced in a version with the Bankers Clock dial. Teit Weylandt, who for a number of years was the manager of Jacobsen's design studio, has helped to ensure that the watch is true to Jacobsen's design philosophy and against the original drawings.
In the modern version, the table clock has both a light sensor and a snooze function, so you simply activate both by moving your hand past the clock.