Annualisation. 3.15.1 Annualisation is intended to provide a mechanism to enable employees to access regular payments throughout the year in circumstances where the employee’s employment includes periods of time when that employee does not have paid work available with the employer (as per clause 3.12).
Annualisation a) By agreement between an employer and an employee employed on a part year basis, projected earnings may be annualised. In the case of He Whanau Manaaki o Tararua free Kindergarten Association, all new part-year employees shall have their earnings annualised. The employer and employee shall record this agreement in writing, along with the annualisation calculation. This will include the actual pay rate as well as the annualised rate.
Annualisation. 7.6.1.1 All allowances and additional payments covered under this Agreement may be calculated on an annualised basis, to be paid on a fortnightly basis, when the Council and an individual employee agree.
Annualisation. 3.15.1 Annualisation of pay shall mean that the employee’s projected earnings for a twelve month period shall be paid in equal fortnightly instalments throughout that twelve month period.
Annualisation. The parties agree to adopt text to replace the current wording in clauses 3.15.1 to 3.15.3 of the SSSCA, to become operative from the 2018 school year, subject to confirmation by the parties by 30 June 2017 that the provisions will work as intended. The revised wording of clauses 3.15.1 to 3.15.3 is attached as Appendix F.
Annualisation a) By agreement between the Association and an employee employed on a part year basis, projected earnings may be annualised. The Association and the employee shall record this agreement in writing, along with the annualisation calculation. This will include the actual pay rate as well as the annualised rate.
Annualisation. Where agreed between CWW and an employee, payment to the employee for overtime or other allowances may be converted to an agreed annual allowance in lieu of such payment. An employee in receipt of an agreed annualised allowance shall not be entitled to any other payment of overtime or time off in lieu which has been converted under this clause.
Annualisation. The annualised Defined Capital Expenditure will be determined as follows. annualised capex = (W x WDV) + D Where: W = is the Return on Capital; WDV = is the written down (depreciated) value of the APAB; and D = is the Depreciation. It will be assumed that Capital Expenditure occurs evenly during any year. Therefore, only half of the depreciation costs for assets acquired in any given year may be included in that year. Return on Capital will be applied to the value of the APAB mid-way through the year, rather than at the beginning of the year. The APAB mid-way through the year will be calculated as the opening balance of the APAB at the beginning of the year plus the closing balance of the APAB at the end of the year divided by two (2).
Annualisation. The period over which the Cable IBAC and the Satellite IBAC are annualised will be ten (10) years. The Cable IBAC and the Satellite IBAC will be annualised by calculating the return of capital and the return on capital as set out in clauses 3.3 to 3.5 above to provide a separate annual cost for Cable IBAC and Satellite IBAC (each an Annual IBAC Cost).
