Annual Leave Reduction & Cashing Out of Annual Leave Sample Clauses

Annual Leave Reduction & Cashing Out of Annual Leave. 46.6.1 CFA FRV may direct the Employee to participate in the creation of a leave reduction plan for taking leave at an average rate of up to 4 weeks in every 6 month period where an Employee’s accrued leave is in excess of 8 weeks. The purpose is to ensure that Employees take advantage of their annual leave entitlements and enjoy the benefits that the annual leave affords the Employee.
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Related to Annual Leave Reduction & Cashing Out of Annual Leave

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

  • Cashing out annual leave Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

  • Entitlement to Annual Leave For each year of service with the Employer a full-time or part-time Employee is entitled to four (4) weeks of paid annual leave.

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

  • Annual Leave Loading (a) In addition to their ordinary pay, an employee, other than a shiftworker, will be paid an annual leave loading of 17.5% of their ordinary pay on a maximum of 152 hours/four weeks annual leave per annum.

  • Annual Leave (a) An employee may elect with the consent of the employer, subject to the Annual Xxxxxxxx Xxx 0000, to take annual leave not exceeding five days in single day periods or part thereof, in any calendar year at a time or times agreed by the parties.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if:

  • ANNUAL LEAVE (VACATION) A. Full time employees, except for participants in the Deferred Retirement Option Program, shall be entitled to earn Annual Leave (Vacation) time according to the following schedule: YEARS OF CONSECUTIVE SERVICE COMPLETED: DAYS EARNED PER BI-WEEKLY PERIOD: UP TO AN ANNUAL MAXIMUM OF: less than 5 .38 10 days 5 .57 15 days 10 .65 17 days 13 .77 20 days 20 .80 21 days 21 .84 22 days 22 .88 23 days 23 .92 24 days 24 .96 25 days B. Annual Leave days may be accumulated to a maximum of thirty (30) work days.

  • Additional Annual Leave (a) Shift Worker as defined by the Act An employee is entitled to accrue an additional amount of paid annual leave, for each completed 12 month period of continuous service with the employer, of 1/52 of the number of ordinary hours worked by the employee, for the employer, as a Shift Worker as defined by the Act during that 12 month period. The additional paid annual leave set out in this sub-clause is not cumulative upon the additional paid annual leave set out in the next sub-clause 21.6(b). The entitlement set out in this sub-clause shall only apply in the event that it provides a more favourable outcome for the employee and, if it does, then sub-clause 21.6(b) shall not apply.

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