Common use of Cashing out annual leave Clause in Contracts

Cashing out annual leave. 20.5.1 Australia Post may agree to cash out part of an employee’s accrued annual leave provided that in each case: (a) the employee’s remaining accrued entitlement to paid annual leave is not less than 6 weeks (or 4 weeks in the case of a seven day shift worker); and (b) each cashing out must be the subject of separate agreement in writing between Australia Post and the employee; and (c) the employee must be paid at the full amount that would have been payable to the employee had the employee taken the leave that the employee has forgone; and (d) each request to cash out is made only once per calendar year in accordance with Australia Post procedures.

Cashing out annual leave. 20.5.1 Australia Post may agree to cash out part of an employee’s accrued annual leave provided that in each case: (a) the employee’s remaining accrued entitlement to paid annual leave is not less than 6 4 weeks (or 4 weeks in the case of a seven day shift worker); and (b) each cashing out must be the subject of separate agreement in writing between Australia Post and the employee; and (c) the employee must be paid at the full amount that would have been payable to the employee had the employee taken the leave that the employee has forgone; and (d) each request to cash out is made only once per calendar year in accordance with Australia Post procedures.