Common use of Cash out of Annual Leave Clause in Contracts

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.

Appears in 1 contract

Samples: Enterprise Agreement

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Cash out of Annual Leave. An a. The employee may request in writing writing, subject to the employer Company’s approval, to "cash out" out an amount of accrued annual leave provided that:that the employee retains an accrued annual leave entitlement of at least four (4) weeks. (a) b. Each agreement to cash out an amount of annual leave must be in the form of a separate agreement in writing. c. Where an employee's accrued annual leave is cashed out, the employee must be paid at least the full amount that would have been payable to the employee had the employee taken the leave that 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 leaveforgone.

Appears in 1 contract

Samples: Enterprise Agreement

Cash out of Annual Leave. An employee may request in writing to the employer 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 at any period of 12 months one time is 2 weeks; (d) such cashing out only occurs once in any 12 month period and only in conjunction with the taking of annual leave; (e) such cashing out is payable in the same manner as if the employee had actually taken leave, including leave loading.

Appears in 1 contract

Samples: Nurses Enterprise Agreement

Cash out of Annual Leave. An employee may request in writing to the employer 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, based on the average hours worked over the past thirteen (13) fortnights; (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, including leave loading; (d) the employer agrees to such cashing-out.

Appears in 1 contract

Samples: Enterprise Agreement

Cash out of Annual Leave. An employee may request in writing Employees have the option, with Company Approval, to the employer to "cash out" out some of their annual leave provided that: (a) the employee has sufficient accruals instead of paid annual taking such leave; (b) the accruals remaining after . The conditions of cashing out will be leave are that • An employees may only cash out two (2) weeks annual leave in each twelve (12) month period. • The employee must retain a balance of at least 4 weeks; four (c4) weeks after the employer agrees to such cashing cash-out; (d) the maximum amount of accrued paid annual leave that may , • Leave will be cashed out in any period of 12 months is 2 weeks; (e) such cashing out is payable in at the same manner as if rate the employee would have been paid if they had actually taken the leave, and • Any request to cash out annual leave must be in writing.

Appears in 1 contract

Samples: Enterprise Agreement

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Cash out of Annual Leave. An employee may request in writing to the employer 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 at any period of 12 months one time is 2 weeks; (ed) such cashing out is payable in the same manner as if the employee had actually taken leave, including leave loading.

Appears in 1 contract

Samples: Enterprise Agreement

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 outout to a maximum of 2 weeks; (d) the maximum amount of accrued paid annual leave that may be cashed such cashing out only occurs once in any 12 month period and only in conjunction with the taking of 12 months is 2 weeksleave; (e) such cashing out is payable in the same manner as if the employee had actually taken leave.

Appears in 1 contract

Samples: Nurses Enterprise Agreement

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