Cashing Out Accrued Annual Leave Sample Clauses

Cashing Out Accrued Annual Leave. (a) During each 12 month period, a full time Employee shall have the option to cash out up to 2 weeks' of the Employee’s accrued Annual Leave entitlement (pro rata for part-time Employees, calculated on the basis of being up to 1/52nd of the annual hours of the Employee). (b) Cashing out can only occur if the Employee gives Hotel Bruce County a written election to forgo the amount of annual leave and Hotel Bruce County authorises the election. A Standard Form is available through the payroll officer or your Manager. (c) Hotel Bruce County will make a payment in lieu to the Employee of the amount of annual leave at an hourly rate of pay no less that the Employee’s hourly rate of pay at the time that the election is made. (d) Any annual leave that is cashed out in accordance with this Clause will not attract annual leave loading.
Sample 1
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Cashing Out Accrued Annual Leave. (a) By mutual agreement with the Company, an Employee may elect in writing to accept a cash payment for their accrued annual leave, in lieu of taking that annual leave as a holiday, provided that the Employee's remaining accrued entitlement is not reduced below 4 weeks, and in accordance with any Company policy and legislative requirements. The amount of annual leave that is cashed out will then be deducted from the amount of accrued annual leave that is credited to the Employee. (b) The cash payment referred to above will be made at the Employee's base rate of pay for ordinary hours. Annual leave loading will also be paid in accordance with clause 6.1.23 and clause 29 of the Award.
Sample 1
Cashing Out Accrued Annual Leave. An employee may cash out part of their accrued annual leave entitlements, provided: (a) The employee has at least four (4) weeks accrued annual leave remaining after the cashing out of a portion of their annual leave; (b) Each cashing out of a particular amount of annual leave must be by a separate agreement in writing between the employee and the Company; and (c) The employee must be paid the full amount that would have been payable to the employee had the employee taken leave that the employee has forgone.
Sample 1
Cashing Out Accrued Annual Leave. (a) During each 12 month period, a full time Employee shall have the option to cash out up to 2 weeks' of the Employee’s accrued Annual Leave entitlement (pro rata for part-time Employees, calculated on the basis of being up to 1/52nd of the annual hours of the Employee). (b) Cashing out can only occur if the Employee gives ambrosia café-bar-foodstore a written election to forgo the amount of annual leave and ambrosia café-bar-foodstore authorises the election. A Standard Form is available through the payroll officer or your Manager. (c) ambrosia café-bar-foodstore will make a payment in lieu to the Employee of the amount of annual leave at an hourly rate of pay no less that the Employee’s hourly rate of pay at the time that the election is made. (d) Any annual leave that is cashed out in accordance with this Clause will not attract annual leave loading.
Sample 1
Cashing Out Accrued Annual Leave. (a) Paid annual leave must not be cashed out except in accordance with an agreement under clause 6.1.7; (b) Each cashing out of a particular amount of paid annual leave must be the subject of a separate agreement under clause 6.1.7; (c) An Employer and an Employee may agree in writing to the cashing out of a particular amount of accrued paid annual leave by the Employee; (d) An agreement under clause 6.1.7 must state: i. the amount of leave to be cashed out and the payment to be made to the Employee for it; and ii. the date on which the payment is to be made; (e) An agreement under clause 6.1.7 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; (f) The payment must not be less than the amount that would have been payable had the Employee taken the leave at the time the payment is made; (g) An agreement must not result in the Employee’s remaining accrued entitlement to paid annual leave being less than four weeks; (h) The maximum amount of accrued paid annual leave that may be cashed out in any period of 12 months is two weeks; and (i) The Employer must keep a copy of any agreement under clause 6.1.7 as an Employee record.
Sample 1
Cashing Out Accrued Annual Leave. (a) During each 12 month period, a full time Employee shall have the option to cash out up to 2 weeks' of the Employee’s accrued Annual Leave entitlement (pro rata for part-time Employees, calculated on the basis of being up to 1/52nd of the annual hours of the Employee). (b) Cashing out can only occur if the Employee gives Hotel Cavalier a written election to forgo the amount of annual leave and Hotel Cavalier authorises the election. A Standard Form is available through the payroll officer or your Manager. (c) Hotel Cavalier will make a payment in lieu to the Employee of the amount of annual leave at an hourly rate of pay no less that the Employee’s hourly rate of pay at the time that the election is made. (d) Any annual leave that is cashed out in accordance with this Clause will not attract annual leave loading.
Sample 1
Cashing Out Accrued Annual Leave. (a) Paid annual leave must not be cashed out except in accordance with an agreement under clause 6.1.8 (b) Each cashing out of a particular amount of paid annual leave must be the subject of a separate agreement under clause 6.1.8. (c) An employer and an employee may agree in writing to the cashing out of a particular amount of accrued paid annual leave by the employee. (d) An agreement under clause 6.1.8 must state: (i) the amount of leave to be cashed out and the payment to be made to the employee for it; and (ii) the date on which the payment is to be made. (e) An agreement under clause 6.1.8 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. (f) The payment must not be less than the amount that would have been payable had the employee taken the leave at the time the payment is made. (g) An agreement must not result in the employee’s remaining accrued entitlement to paid annual leave being less than 4 weeks. (h) The maximum amount of accrued paid annual leave that may be cashed out in any period of 12 months is 2 weeks. (i) The employer must keep a copy of any agreement under clause 6.1.8 as an employee record. Note 1: Under section 344 of the Fair Work Act, an employer must not exert undue influence or undue pressure on an employee to make, or not make, an agreement under clause 6.1.8. Note 2: Under section 345(1) of the Fair Work Act, a person must not knowingly or recklessly make a false or misleading representation about the workplace rights of another person under clause 6.1.8.
Sample 1
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Related to Cashing Out Accrued Annual Leave

  • Cashing out annual leave The employee may, with the agreement of the employer, request in writing, to cash out up to two weeks of their annual leave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee. Cashed out annual leave will be paid at the rate of pay that the employee receives at the time when the request is made.

  • 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.

  • Entitlement to Annual Leave For each year of service with the Employer a full-time or part-time Employee is entitled to four (4) weeks of paid annual leave.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • 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.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Accrued Amounts The Company shall pay to the Executive all other amounts accrued or earned by the Executive through the Termination Date and amounts otherwise owing under the then existing plans and policies of the Company, including but not limited to all amounts of compensation previously deferred by the Executive (together with any accrued interest thereon) and not yet paid by the Company, and any accrued vacation pay not yet paid by the Company.

  • 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.

  • 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.

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