Cashing In Annual Leave. 29.1 An employee may, with agreement of senior management, request the cashing out of 5 days annual leave per 12 month period, provided that the employee takes an amount equal to or greater than 5 days as annual leave at the time the leave is cashed out. Annual leave loading is payable on annual leave cashed out. An employee cannot cash out anticipated annual leave, that is leave that is not yet credited.
Cashing In Annual Leave. Employees with an annual leave entitlement greater than 20 working may make an application to INGA to cash in part of their accrued annual leave entitlements. For cashing in annual leave the following conditions will apply:
Cashing In Annual Leave. Where leave has not been taken in any 12 month period the employee may at his or her discretion elect to “cash in” a maximum of 2 weeks untaken leave. Provided that the employee may not “cash in” leave if it constitutes the total amount of leave available to the employee at the time. Employees who wish to cash out annual leave must complete the election in Appendix B. Cashed out annual leave will be paid at the rate of pay that the employee receives at the time when the election is made.
Cashing In Annual Leave. 17.4.1. With the consent of VitalCall you may cash in your untaken accrued annual leave.
Cashing In Annual Leave. 32.1. An employee may request to forgo some of their accrued entitlements to annual leave under this Agreement and receive an equivalent benefit in lieu. This is called “cashing in” annual leave.
Cashing In Annual Leave. Employees may agree to receive pay in lieu of taking annual leave. This is only possible in the following circumstances: • If the employee gives the company a written election to cash out the leave; and • The amount paid in lieu is at least equal to the employee’s basic period rate of pay at the time of the election; and • The employer authorises the election. Note that only two weeks annual leave can be cashed out in each 12 month period. For example, an employee who works 38 nominal hours per week is not entitled to cash out more than 76 hours of annual leave (equivalent to two weeks).
