CASH OUT OF ANNUAL LEAVE COMPONENT Sample Clauses

CASH OUT OF ANNUAL LEAVE COMPONENT. 5.5.1 In each year of service, an employee may elect to forego up to two (2) weeks of the annual leave component of their leave accrual under clause 5.1, provided that: 5.5.1.1 They submit a written application to forego the leave accrued; 5.5.1.2 The Company pays the employee an amount in lieu of such leave at no less than the rate of pay applicable to the position to which they are appointed at the time the election is made; and 5.5.1.3 The Company authorises the employee to forego the amount of accrued leave requested. 5.5.2 This provision applies only to annual leave accrued in accordance with the AFPCS or other applicable provision that applies by operation of law and does not prevent an employee and the Company from entering into any other mutually agreed arrangements that might involve the cashing out of all or part of other leave accrued by an employee excluding the minimum entitlements prescribed under the AFPCS or other applicable provision that applies by operation of law and/or is referred to in clause 5.8. The clause 5.5.2 shall also apply and have effect to the extent permissible by law with respect to any other AFPCS successor provision, law or instrument that comes into force whether by operation of law or pursuant to an Order or Award or other enforceable instrument of a Tribunal or Commission (“provision”) however constituted.
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CASH OUT OF ANNUAL LEAVE COMPONENT. 5.5.1 In each year of service, an employee may elect to forego up to two (2) weeks of the annual leave component of their leave accrual under clause 5.1, provided that: (a) They submit a written application to forego the leave accrued on each separate occasion. (b) The cashing out does not reduce the remaining annual leave entitlement to less than four weeks. (c) The Company pays the employee an amount in lieu of such leave at the rate of pay they would have earned if they had taken the leave rather than cashing it out and that is applicable to the position to which they are appointed at the time the election is made; and (d) The Company authorises the employee to forego the amount of accrued leave requested. (e) For the purposes of this clause, exchange of emails shall be deemed sufficient evidence of written or written agreement.
Sample 1

Related to CASH OUT OF ANNUAL LEAVE COMPONENT

  • Cashing out of Annual Leave (a) Paid Annual Leave must not be cashed out except in accordance with an agreement under clause 41.8. (b) Each cashing out of a particular amount of paid Annual Leave must be the subject of a separate agreement under clause 41.8. (c) The Employer and an Employee may agree in writing to the cashing out of a particular amount of accrued paid Annual Leave by the Employee. An agreement this clause must state: (i) the amount of Annual Leave to be cashed out and the payment to be made; and (ii) the date on which the payment is to be made. (d) An agreement under clause 41.8 must be signed by the Employer and Employee and, if the Employee is under 18 years of age, by the Employee’s parent or guardian. (e) The payment must not be less than the amount that would have been payable had the Employee taken the Annual Leave at the time the payment is made. (f) An agreement must not result in the Employee’s remaining accrued entitlement to paid Annual Leave being less than four (4) weeks. (g) The Employer must keep a copy of any agreement under clause 41.8 as an Employee record.

  • 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.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • Annual Leave Loading During a period of annual leave an employee will receive a loading of 17.5 per cent calculated on the employee’s normal hourly rate of pay and the daily fares allowance if applicable. The loading will also apply to proportionate leave on lawful termination.

  • 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.

  • Regular Work Day A regular work day shall consist of six and one-half (6½) hours between the hours of 8:00 a.m. and 5:00 p.m.

  • 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.

  • Alternate Billed Calls 1.1 The Parties will engage in settlements of intraLATA intrastate alternate-billed calls (e.g., collect, calling card, and third-party billed calls) originated or authorized by their respective Customers in accordance with an arrangement mutually agreed to by the Parties.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

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