Common use of Accumulation of Annual Leave Clause in Contracts

Accumulation of Annual Leave. An employee may, with the prior written approval of the Bank, accumulate part of his Annual Leave for a period not exceeding three (3) years for the purposes of going overseas (for this purpose Singapore is deemed to be overseas) or to perform a pilgrimage, subject to the following conditions:- (a) The employee gives written notice of his intention to do so in the first year during which he proposes to accumulate his Annual Leave; (b) Annual Leave may be accumulated subject to an employee taking at least the following minimum number of working days annually:- (i) Less than two (2) years’ service - 8 Days; (ii) Two (2) years or more but less than five (5) years - 12 Days; (iii) Five (5) years or more but less than sixteen (16) years - 16 Days; and (iv) Sixteen (16) years and more - 16 Days. (c) Annual Leave may only be accumulated for a period not exceeding three (3) years and shall be taken in full in the year immediately following the accumulated period: PROVIDED THAT in cases of any postponement of such leave for any valid reason whatsoever, the employee shall be permitted to carry forward such accumulated leave to a later date within one year from the last day of the calendar year in which the accumulated leave was due; (d) Accumulated leave not taken under the conditions and within such periods stipulated above shall be forfeited absolutely; (e) Prior written notice of one (1) month must be given to the Bank stating when such accumulated leave is to be utilised; (f) Pay in respect of the number of days of accumulated leave may be paid to the employee two (2) weeks prior to the commencement of leave upon written application; (g) Valid travel documents are to be produced prior to departure overseas; (h) The number of days that may be accumulated are as follows:- Less than 2 years’ service 14 days 8 days 6 days per year 2 yrs or more but less than 5 yrs 16 days 12 days 4 days per year 5 yrs or more but less than 16 yrs 23 days 16 days 7 days per year 16 years and more 26 days 16 days 10 days per year.

Accumulation of Annual Leave. An employee may, with the prior written approval of the Bank, accumulate part of his Annual Leave for a period not exceeding three (3) years for the purposes of going overseas (for this purpose Singapore is deemed to be overseas) or to perform a pilgrimage, subject to the following conditions:- (a) The employee gives written notice of his intention to do so in the first year during which he proposes to accumulate his Annual Leave; (b) Annual Leave may be accumulated subject to an employee taking at least the following minimum number of working days annually:- (i) Less than two (2) years’ service - 8 Days; (ii) Two (2) years or more but less than five (5) years - 12 Days; (iii) Five (5) years or more but less than sixteen (16) years - 16 Days; and (iv) Sixteen (16) years and more - 16 Days. (c) Annual Leave may only be accumulated for a period not exceeding three (3) years and shall be taken in full in the year immediately following the accumulated period: PROVIDED THAT in cases of any postponement of such leave for any valid reason whatsoever, the employee shall be permitted to carry forward such accumulated leave to a later date within one year from the last day of the calendar year in which the accumulated leave was due; (d) Accumulated leave not taken under the conditions and within such periods stipulated above shall be forfeited absolutely; (e) Prior written notice of one (1) month must be given to the Bank stating when such accumulated leave is to be utilised; (f) Pay in respect of the number of days of accumulated leave may be paid to the employee two (2) weeks prior to the commencement of leave upon written application; (g) Valid travel documents are to be produced prior to departure overseas; (h) The number of days that may be accumulated are as follows:- Less than 2 years’ service 14 days 8 days 6 days per year 2 yrs or more but less than 5 yrs 16 days 12 days 4 days per year 5 yrs or more but less than 16 yrs 23 days 16 days 7 days per year 16 years and more 26 days 16 days 10 days per year.

Accumulation of Annual Leave. An employee may, with the prior written approval of the Bank, accumulate part of his Annual Leave for a period not exceeding three (3) years for the purposes of going overseas (for this purpose Singapore is deemed to be overseas) or to perform a pilgrimage, subject to the following conditions:- (a) The employee gives written notice of his intention to do so in the first year during which he proposes to accumulate his Annual Leave; (b) Annual Leave may be accumulated subject to an employee taking at least the following minimum number of working days annually:- (i) Less than two (2) years’ service - 8 Days; (ii) Two (2) years or more but less than five (5) years - 12 Days; (iii) Five (5) years or more but less than sixteen (16) years - 16 Days; and (iv) Sixteen (16) years and more - 16 Days. (c) Annual Leave may only be accumulated for a period not exceeding three (3) years and shall be taken in full in the year immediately following the accumulated period: PROVIDED THAT in cases of any postponement of such leave for any valid reason whatsoever, the employee shall be permitted to carry forward such accumulated leave to a later date within one year from the last day of the calendar year in which the accumulated leave was due; (d) Accumulated leave not taken under the conditions and within such periods stipulated above shall be forfeited absolutely; (e) Prior written notice of one (1) month must be given to the Bank stating when such accumulated leave is to be utilised; (f) Pay in respect of the number of days of accumulated leave may be paid to the employee two (2) weeks prior to the commencement of leave upon written application; (g) Valid travel documents are to be produced prior to departure overseas; (h) The number of days that may be accumulated are as follows:- Less than 2 years’ service 14 days 8 days 6 days per year 2 yrs or more but less than 5 yrs 16 days 12 days 4 days per year 5 yrs or more but less than 16 yrs 23 days 16 days 7 days per year 16 years and more 26 days 16 days 10 days per year.follows:-

Accumulation of Annual Leave. An employee may, with the prior written approval of the Bank, accumulate part of his Annual Leave for a period not exceeding three (3) years for the purposes of going overseas (for this purpose Singapore is deemed to be overseasexcept Singapore) or to perform a pilgrimage, subject to the following conditions:-conditions :- (a) The employee gives written notice of his intention to do so in the first year during which he proposes to accumulate his Annual Leave; (b) Annual Leave may be accumulated subject to an employee taking at least only in respect of the following minimum number of working days annually:- (i) Less than two (2) years’ service - 8 Daysof leave which are in excess of the statutory number of days of Annual Leave as provided in Section 60E of the Employment Act, 1955; (ii) Two (2) years or more but less than five (5) years - 12 Days; (iii) Five (5) years or more but less than sixteen (16) years - 16 Days; and (iv) Sixteen (16) years and more - 16 Days. (c) Annual Leave may only be accumulated for a period not exceeding three (3) years and shall be taken in full in the year immediately following the accumulated periodperiod : PROVIDED THAT in cases of any postponement of such leave for any valid reason whatsoever, the employee shall be permitted to carry forward such accumulated leave to a later date within one year from the last day of the calendar year in which the accumulated leave was due; (d) Accumulated leave not taken under the conditions and within such periods stipulated above shall be forfeited absolutely; (e) Prior written notice of one (1) month must be given to the Bank stating when such accumulated leave is to be utilised; (f) Pay in respect of the number of days of accumulated leave may be paid to the employee two (2) weeks prior to the commencement of leave upon written application; (g) Valid travel documents are to be produced prior to departure overseas; (h) The number of days that may be accumulated are as follows:- Less than 2 yearsyrs’ service 14 18 days 10 days 8 days per year 3 yrs or more but <5 yrs 18 days 12 days 6 days per year 2 6 yrs or more but less than 5 < 10 yrs 23 days 16 days 12 days 4 7 days per year 5 11 yrs or more but less than < 16 yrs 23 days 16 days 7 days per year 16 years and & more 26 days 16 days 10 days per year.

Accumulation of Annual Leave. An employee may, with the prior written approval of the Bank, accumulate part of his Annual Leave for a period not exceeding three (3) years for the purposes of going overseas (for this purpose Singapore is deemed to be overseas) or to perform a pilgrimage, subject to the following conditions:- (a) The employee gives written notice of his intention to do so in the first year during which he proposes to accumulate his Annual Leave; (b) Annual Leave may be accumulated subject to an employee taking at least the following minimum number of working days annually:- (i) Less than two (2) years’ service - 8 Days; (ii) Two (2) years or more but less than five (5) years - 12 Days; (iii) Five (5) years or more but less than sixteen (16) years - 16 Days; and (iv) Sixteen (16) years and more - 16 Days. (c) Annual Leave may only be accumulated for a period not exceeding three (3) years and shall be taken in full in the year immediately following the accumulated period: PROVIDED THAT in cases of any postponement of such leave for any valid reason whatsoever, the employee shall be permitted to carry forward such accumulated leave to a later date within one year from the last day of the calendar year in which the accumulated leave was due; (d) Accumulated leave not taken under the conditions and within such periods stipulated above shall be forfeited absolutely; (e) Prior written notice of one (1) month must be given to the Bank stating when such accumulated leave is to be utilised; (f) Pay in respect of the number of days of accumulated leave may be paid to the employee two (2) weeks prior to the commencement of leave upon written application; (g) Valid travel documents are to be produced prior to departure overseas; (h) The number of days that may be accumulated are as follows:- Less than 2 years’ years service 14 days 8 days 6 days per year 2 yrs or more but less than 5 yrs 16 days 12 days 4 days per year 5 yrs or more but less than 16 yrs 23 days 16 days 7 days per year 16 years and more 26 days 16 days 10 days per year.