Common use of Cashing out annual leave Clause in Contracts

Cashing out annual leave. Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

Cashing out annual leave. Annual leave may be cashed out by agreement between the Company The Employer and an Employee, subject to the following conditions: ▪ An Employee must elect in writing may agree to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks an amount of annual leave in each twelve (12) month period; ▪ The Company any year of employment: Provided that any Agreement must agree to be in writing and the Employee cashing out their is not entitled to forgo an amount of annual leaveleave credited to an Employee by the Employer that is more than 1/26th of the nominal hours worked by the Employee during the period.

Cashing out annual leave. Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An o The Employee must elect in writing to cash out annual leave; ▪ An o The Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.;

Cashing out annual leave. Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An o The Employee must elect in writing to cash out annual leave; ▪ An o The Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ o The Company must agree to the Employee cashing out their annual leave.

Cashing out annual leave. Annual leave 19.10.1. Employees may be cashed out by agreement between agree with the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks part of their accrued annual leave entitlements, provided: (a) the Employee retains 4 weeks accrued annual leave after the cashing out; 19. (b) each cashing out is by a separate agreement in each twelve writing between the‌ Company and the Employee; and 19.10.1. (12c) month period; ▪ The Company must agree the Employee is paid at least the full amount that would have been payable to the Employee cashing out their annual leave.had the Employee taken the leave foregone

Cashing out annual leave. ‌ (a) Annual leave may be cashed out by written agreement between an Employee and the Company and an Company. (b) Annual leave can only be cashed out if the Employee, subject ’s remaining annual leave balance af ter cashing out the leave is equal to the following conditions: ▪ An Employee must elect in writing to or greater than four (4) weeks. (c) Employees can only cash out annual leave; ▪ An Employee must not cash out more than a maximum of two (2) weeks weeks’ annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leaveany period of 12 months.