Common use of Cash out of Annual Leave Clause in Contracts

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. 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.;