Calculation of Annual Leave payment Sample Clauses

Calculation of Annual Leave payment. Annual leave payment shall be calculated as follows: (a) Subject to paragraph (c) hereof, the rate of wages to be paid to a shift worker shall be that rate payable in ordinary time according to the employee's roster or projected roster including Saturday, Sunday or statutory holiday shift. (b) All employees - subject to the provisions of paragraph (d) hereof, in no case shall the payment by an Employer to an employee be less than the sum of the following amounts:- (i) The employee's ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding shift premiums and weekend penalty rates); (ii) A further amount calculated at the rate of 17 1/2% of the amount referred to in (i) of this paragraph. (c) The provisions of paragraph (b) hereof shall not apply to: - (i) Any period or periods of Annual Leave exceeding the period defined in clause 10.1.1. (ii) Employers (and their employees) who are already paying (or receiving) an annual holiday bonus, loading or other annual holiday payment which is more favourable to employees. (d) The employee may agree with the Employer the manner in which payment for annual leave is made, i.e. either in advance or in accordance with the normal pay cycle.
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Calculation of Annual Leave payment. 10.2.1 Annual leave payment shall be calculated as follows: (a) The employee's ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding shift premiums and weekend penalty rates); (b) A further amount calculated at the rate of 17 1/2% of the amount referred to in 10.2.1(a) of this paragraph. 10.2.2 Annual leave shall be given at a time determined by mutual Agreement between the employer and the employee within a period of six months after the date of accrual of annual leave. Provided that such annual leave may be deferred by mutual Agreement in writing between employer and employee. An employer may give directions to an employee for the taking of accrued annual leave where such accruals are in excess of 200 hours. Employees are required to give at least 6 weeks notice of the desired dates of annual leave. 10.2.3 The employee must agree with the Employer the manner in which payment for annual leave is made, i.e. either in advance or in accordance with the normal pay cycle. 10.2.4 Term-time employees – Term-time employees shall at the end of each school year be entitled to annual leave calculated as follows: 10.2.5 Subject to the provision of clause 10.2 annual leave shall be taken by all employees of the boarding school during school vacation periods unless otherwise agreed between the employer and employee. 10.2.6 If any such leave shall not have been taken as it falls due from time to time, such leave shall be cumulative from year to year for a period not exceeding 2 years.
Sample 1
Calculation of Annual Leave payment. 10.2.1 Annual leave payment shall be calculated as follows: (a) Subject to paragraph (b) hereof, the rate of wages to be paid to a shift worker shall be that rate payable in ordinary time according to the employee's roster or projected roster including Saturday, Sunday or holiday shift. (b) All employees - subject to the provisions of paragraph (c) hereof, in no case shall the payment by an Employer to an employee be less than the sum of the following amounts:- (i) The employee's ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding shift premiums and weekend penalty rates); (ii) A further amount calculated at the rate of 17 1/2% of the amount referred to in (i) of this paragraph. (c) The provisions of paragraph (b) hereof shall not apply to: - (i) Any period or periods of Annual Leave exceeding as defined in clause 10.1.1. (ii) Employers (and their employees) who are already paying (or receiving) an annual holiday bonus, loading or other annual holiday payment which is more favourable to employees. 10.2.2 Annual leave shall be given at a time determined by mutual agreement between the employer and the employee within a period of six months after the date of accrual of annual leave. Provided that such annual leave may be deferred by mutual agreement in writing between employer and employee. An employer may give directions to an employee for the taking of accrued annual leave with a minimum of 14 days notice in writing.
Sample 1
Calculation of Annual Leave payment. 10.2.1 Annual leave payment shall be calculated as follows: (a) The employee's ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding weekend penalty rates); (b) A further amount calculated at the rate of 17 1/2% of the amount referred to in 10.2.1(a) of this paragraph.
Sample 1
Calculation of Annual Leave payment. Annual leave payment shall be calculated as follows: (a) Subject to clause 10.1.3(b), in no case shall the payment by an employer to an employee be less than the sum of the following amounts:- (i) The employee's ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding shift premiums and week-end penalty rates); (ii) A further amount calculated at the rate of 17 ½% of the amount referred to in clause 10.1.3(a)(i). (b) Clause 10.1.3(a)(ii) hereof shall not apply to: - (i) Any period or periods of Annual Leave exceeding as defined in clause 10.1.1. (ii) Employers (and their employees) who are already paying (or receiving) an annual holiday bonus, loading or other annual holiday payment which is more favourable to employees. (iii) Any annual leave accruals paid out on termination. (c) The employee may agree with the Employer the manner in which payment for annual leave is made i.e. either in advance or accordance with the normal pay cycle.
Sample 1
Calculation of Annual Leave payment. In addition to the employee’s ordinary wage rate as prescribed by the Agreement for the period of the Annual Leave (excluding shift premiums and weekend penalty rates): (a) an employee other than a shiftworker, will be paid an annual leave loading of 17.5% of their ordinary rate of pay; (b) an employee who is a shiftworker as defined in clause 24.2 (c) (i) will be paid an annual leave loading of 22.5% of their ordinary rate of pay.
Sample 1

Related to Calculation of Annual Leave payment

  • Payment of Annual Leave Upon resignation, retirement, or dismissal of any employee in the bargaining unit, he/she shall receive a sum equal to the number of days of annual leave remaining to his/her credit, provided that any or all amounts may be applied to offset any amounts owed the state by the employee. In the event of death of an employee while in the bargaining unit, a sum equal to the number of days annual leave remaining shall be paid to his/her estate.

  • Accrual of Annual Leave (a) An employee shall accrue an amount of paid annual leave, for each completed 4 week period of continuous service with the employer, of 1/13 of the number of ordinary hours worked by the employee for the employer during that 4 week period. (b) Annual leave shall accrue on a pro-rata basis and be credited to the employee monthly.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period. (b) At the election of the employee such payments may be paid in accordance with the usual pay day relevant to the period of leave being taken.

  • Use of Annual Leave The Employer may, upon request of a practitioner and with sufficient cause being shown, which may in the circumstances be with little notice, grant that practitioner single days of annual leave for pressing personal emergencies.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if: (i) at least that amount of annual leave is credited to the employee; and (ii) the employer has authorised the employee to take the annual leave during that period. (b) In the taking of leave, the employee shall make written application to the employer, giving timely notice of the desired period of such leave. (c) Annual leave shall be taken in an amount and at a time which is approved by the employer subject to the operational requirements of the workplace. The employer shall not unreasonably withhold or revoke such approval.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

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