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).
3.15.2 Annualisation means that the employee’s earnings to be annualised, as described in clause 1.6.5, for a twelve month period shall be paid in fortnightly instalments throughout that twelve month period.
3.15.3 The following employees whose employment includes periods of time when that employee does not have paid work available with the employer may seek the agreement of their employer to have their annual earnings annualised:
(a) Permanent employees; or
(b) Employees on fixed term agreements of 12 months or more, provided the fixed term agreement spans the period from the start of a school year (or earlier) until the end of that school year (or later).
3.15.4 An employee who commences employment during the year will not have access to an annualisation agreement until the commencement of the next annualisation year.
3.15.5 An employee who agrees with their employer to have their earnings annualised, as described in clause 1.6.5, is not considered to be a salaried employee.
3.15.6 Any annualisation agreement between employee and employer is subject to the following:
(a) An annualisation agreement must be in writing, be signed by the employer and employee and clearly detail the individual elements of that agreement.
(b) An annualisation agreement must be recorded on the Employer/Employee Annualisation Agreement form, which requires the signature of the employee and the authorised representative of the employer, and must be submitted with the applicable Payroll Start of Year forms (due to Payroll centres by approximately 1 December each year).
(c) Each annualisation agreement must commence from the start of the “annualisation year” on 31 January and continue for the full twelve month period unless there is agreement to discontinue the arrangement.
(d) If the employee’s regular hours of work changes and/or the employee’s pay rate changes a new Employer/Employee Annualisation Agreement form must be completed, signed by the employer and employee and forwarded to Payroll.
(e) At the beginning of term two, or if the employee believes there is a discrepancy in the calculation, the employer and employee shall meet to review the agreement to ensure that both parties are satisfie...
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.
b) Annualisation is the process by which a part year employee’s ordinary pay earnings, including annual leave and payment for public holidays, over a year are paid in equal fortnightly instalments throughout the 12 month period, for the purpose of regularity of earnings for the employee across times of the year that they are not provided with work by the employer.
c) For the purposes of this provision, ‘weekly earnings’ in relation to • Any paid parental leave entitlement in accordance with section 71T of the Parental Leave and Employment Protection Xxx 0000; or • Any entitlements under the Injury Prevention, Rehabilitation and Compensation Xxx 0000 shall mean the employee’s hourly rate multiplied by the employee’s actual (i.e. non annualised) weekly hours which shall be provided to the appropriate authorities if required to ensure that the employee is not disadvantaged through the annualisation agreement.
d) An employee with annualised earnings remains entitled to the provisions of clause 2.2 – additional hours and 4.1 – public holidays. Any additional payments earned through working additional hours or on a public holiday shall be paid at the time they are earned.
e) At the end of the 12 month period of annualisation, the employer shall calculate the remuneration that would have been earned had the employee not had annualised earnings, and shall calculate whether any additional remuneration is owing to the employee, or whether there has been an overpayment to the employee. The employer shall provide the results of the calculation to the employee. In the case of an underpayment the employee shall receive the additional remuneration, and in the case of an overpayment the employer shall deduct the overpayment from subsequent remuneration as per clause 3.
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. 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.
7.6.1.2 The annualised amount shall be arrived at by taking into account the allowances paid in the previous financial year of employment and applying the current rate of pay for each of those allowances to the annualised amount.
7.6.1.3 Employees may request a review of such annualisation agreements once per annum at the beginning of the financial year providing the employee produces satisfactory evidence that the pattern or work has changed in a substantial way warranting such a review. Under these circumstances, the annualised amount shall be amended for the new financial year to reflect the new pattern of work or the employee may elect to return to claiming allowances on a weekly basis as provided in this clause.
7.6.1.4 All such agreements between Council and an individual employee shall be made in writing and signed by both parties.
7.6.1.5 For new employees, annualisation of allowances will only commence following successful completion of the probationary period. This is to allow sufficient time for a reasonable pattern of work to be formed prior to calculation of a reasonable annual allowance amount.
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).
3.15.2 Annualisation means that the employee’s earnings to be annualised, as described in clause 1.6.5, for a twelve month period shall be paid in fortnightly instalments throughout that twelve month period.
3.15.3 The following employees whose employment includes periods of time when that employee does not have paid work available with the employer may seek the agreement of their employer to have their annual earnings annualised:
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. 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. 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).
