Cash out of Annual Leave. In each year of service an employee may elect without any influence from the company to cash out up to two week’s annual leave in lieu of taking such two week’s annual leave if; The employee gives the company a written election to forgo the amount of annual leave; and The company authorises the employee to forgo the amount of leave.
Cash out of Annual Leave a) Employees may request by separate written agreement to cash out an amount of annual leave which they have accrued providing it is authorised by the University and they have a minimum remaining leave balance of four (4) weeks after cashing out the leave.
b) Payment of cashed out annual leave will be based on the pay an Employee would have received in respect of the ordinary hours the Employee would have worked had the Employee not been on leave during the relevant period.
Cash out of Annual Leave. An employee may request in writing to the employer to "cash out" annual leave provided that:
(a) the employee has sufficient accruals of paid annual leave;
(b) the accruals remaining after cashing out will be at least 4 weeks;
(c) the employer agrees to such cashing out;
(d) the maximum amount of accrued paid annual leave that may be cashed out in any period of 12 months is 2 weeks;
(e) such cashing out is payable in the same manner as if the employee had actually taken leave.
Cash out of Annual Leave. Upon separation from employment, employees who have completed at least six (6) continuous months of service shall be paid for their accrued but unused annual leave hours at their regular rate of pay, except for employees who transfer annual leave as provided in Section 16.5.
Cash out of Annual Leave. An employee may be paid for unused annual leave if the following conditions are met. ● The employee makes application to the Chief of Police or designee at least two (2) weeks before the payment is desired. ● The employee will have a minimum of eighty (80) hours of accrued unused annual leave remaining after the cash out is made. ● The employee has not yet received a payment for cashed out leave during the calendar year.
Cash out of Annual Leave. An employee with a demonstrated reason (such as an exceptional circumstance) may request in writing, subject to the Company’s approval, to cash out an amount of credited annual leave of not more than 1/26 of the nominal hours worked by the employee for the Company during each 12 month period.
Cash out of Annual Leave. At the request of the employee, Xxxxxx may agree to the employee cashing out a particular amount of the employee's accrued paid annual leave.
i. Ventia and the employee must not agree to the employee cashing out an amount of paid annual leave if the agreement would result in the employee's remaining accrued entitlement to paid annual leave being less than 4 weeks.
ii. Each agreement to cash out a particular amount of paid annual leave must be a separate agreement in writing.
iii. Ventia must pay the employee at least the full amount that would have been payable to the employee had the employee taken the leave that the employee has forgone.
Cash out of Annual Leave. By written agreement with the City, each 12 months Employees may elect to cash out part of their accrued annual leave entitlement, provided that Employees cannot cash out more than 2 weeks each 12 month period.
Cash out of Annual Leave. (a) Upon receipt of a written request by an Employee, the Employer may authorise the Employee to cash out paid annual leave in accordance with this clause.
(b) The Employer and Employee will enter into a separate written agreement for each cashing out of a particular amount of annual leave, subject to the following:
(i) paid annual leave must not be cashed out if the cashing out would result in the Employee’s remaining accrued entitlement to paid annual leave being less than 4 weeks; and
(ii) where an Employee forgoes an entitlement to take an amount of annual leave, the Employer will pay the Employee the ordinary pay that the Employee is entitled to receive in lieu of the amount of annual leave, plus leave loading that would otherwise have been payable, or in the case of shiftworkers the higher of the leave loading or the weekend and shift penalties.
Cash out of Annual Leave. (a) Where an Employee has accrued annual leave, in excess of one (1) years accrual, then by written application by the Employee and written agreement by RDNS, the Employer may pay up to four (4) weeks including the applicable leave loading of their nominal annual salary to the Employee. Application is to be made to the General Manager – Human Resources who will consider the reason for the request for approval or otherwise.
(b) An Employee may make a subsequent application for a further payment of leave of an equivalent quantum has been taken or has been approved to be taken within six (6) months of the subsequent application.
(c) Any cash out of Annual Leave must result in the Employee having a remaining entitlement of no less than four (4) weeks for the purpose of taking leave.
(d) Where an Employee elects to reduce their contracted hours, RDNS and the Employee will agree to either:
i. Cash out the excess leave hours plus the applicable leave loadings that are in excess of the accumulated weeks in the new contracted hours; or
ii. Elect to take leave at the pre-reduction rate in accordance with the general annual leave provisions until that excess leave balance is exhausted.
(e) Such arrangements shall be by separate written agreement between RDNS and the Employee.
