Common use of Annual Leave Pay Adjustment Clause in Contracts

Annual Leave Pay Adjustment. As soon as possible following 31 December in each year an annual leave pay adjustment will be made in a lump sum to all employees other than those entitled to an annual percentage of earnings in lieu of annual leave, where such employees' annual basic earnings exclusive of overtime and any other premium payments not normally taken into account in the computation of annual leave pay exceeded their regular base rate earnings during the year in question. Such cash payments shall reflect the proportionate difference between the employees' actual annual basic earnings and regular base rate earnings applied to the employees' annual leave pay for the year in question, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).

Annual Leave Pay Adjustment. As soon as possible following 31 December in each year an annual leave pay adjustment will be made in a lump sum to all employees members other than those entitled to an annual percentage of earnings in lieu of annual leave, where such employeesmembers' annual basic earnings exclusive of overtime and any other premium payments not normally taken into account in the computation of annual leave pay exceeded their regular base rate earnings during the year in question. Such cash payments shall reflect the proportionate difference between the employees' member's actual annual basic earnings and regular base basic rate earnings applied to the employees' member's annual leave pay for the year in question, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).

Annual Leave Pay Adjustment. As soon as possible following December 31 December in each year an annual leave pay adjustment will be made in a lump sum to all employees members other than those entitled to an annual percentage of earnings in lieu of annual leave, where such employeesmembers' annual basic earnings exclusive of overtime and any other premium payments not normally taken into account in the computation of annual leave pay exceeded their regular base rate earnings during the year in question. Such cash payments shall reflect the proportionate difference between the employees' member's actual annual basic earnings and regular base rate earnings applied to the employees' member's annual leave pay for the year in question, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).