Common use of Cashing out annual leave Clause in Contracts

Cashing out annual leave. (1) An employee may, with the approval of the Secretary, cash out a portion of the employee’s annual leave credit on 1 occasion each financial year. (2) Annual leave credit cannot be cashed out if the cashing out would result in the employee’s remaining accrued annual leave entitlement being less than 4 weeks. (3) Each cashing out of a particular amount of annual leave credit must be by a separate agreement in writing between the Secretary and the employee. (4) If an employee cashes out annual leave, the employee will be paid the full amount that would have been paid to the employee had the employee taken the leave that the employee has forgone.

Cashing out annual leave. (1) An employee may, with the approval of the Secretary, cash out a portion of the employee’s annual leave credit on 1 one occasion each financial year. (2) The maximum amount of annual leave credit that may be cashed out in a year is 10 days. (3) Annual leave credit cannot be cashed out if the cashing out would result in the employee’s remaining accrued annual leave entitlement being less than 4 weeks20 days. (34) Each cashing out of a particular amount of annual leave credit must be by a separate agreement in writing between the Secretary and the employee. (45) If an employee cashes out annual leave, the employee will be paid the full amount that would have been paid to the employee had the employee taken the leave that the employee has forgone.