Cashing Out of Accrued Annual Leave. All full-time and part-time Employees may at their election in writing forego an entitlement to annual leave credited to them provided that:
(a) The Employer authorises the Employee to forgo the amount of annual leave; and
(b) That the Employee must retain at least four (4) weeks annual leave accrual; and
(c) That the Employee is paid out at least the full amount that would have been payable to the Employee had the Employee taken the leave that the Employee has forgone. The Employer will only agree to payout annual leave in blocks of at least 4 days for an Employee who works 10 ordinary hours a day or in blocks of 5 days where the Employee works less than 10 ordinary hours per day. Provided that in exceptional circumstances the Employer and the Employee may agree to payout a lesser period.
Cashing Out of Accrued Annual Leave. All full-time and part-time Employees may at their election in writing forego an entitlement to annual leave credited to them provided that:
(a) The Employer authorises the Employee to forgo the amount of annual leave; and
Cashing Out of Accrued Annual Leave. All full-time and part-time Employees may at their election in writing cash out their accrued annual leave provided that:
(a) The paid annual leave must not be cashed out if cashing out would result in the Employee’s remaining accrued entitlement to paid annual leave being less than 4 weeks;
(b) Each cashing out of a particular amount of paid annual leave must be by a separate agreement in writing between the Employer and the Employee;
(c) The Employee must be paid at least the full amount that would have been payable to the Employee had the Employee taken the leave that the Employee has foregone; and
(d) The Employer authorises the Employee to forgo the amount of paid annual leave.
Cashing Out of Accrued Annual Leave. 6.5.1 Employees covered by this agreement may elect to ‘cash out’ any or all of their current annual leave balances in accordance with the Fair Work Act. If employees wish to take advantage of this provision:
(a) The election must be made in writing to the Company;
(b) The employees must have a balance of at least four (4) weeks paid annual leave remaining following the election to cash out any accrued annual leave;
(c) The cash out of such leave is subject to the approval of the employee’s manager. In considering such a request, the manager will consider all relevant issues including but not limited to occupational health and safety issues and what if any leave has been taken by the employee in the preceding 12-month period;
(d) The employee must be paid at least the full amount that would have been payable to the employee had the employee taken the leave forgone.
Cashing Out of Accrued Annual Leave. All Full-time and Part-time Employees may, at their election, in writing, cash out their accrued annual leave provided that:
a) The employee must retain an entitlement to at least four (4) weeks paid annual leave;
b) Each cashing out of a particular amount of paid annual leave must be by a separate agreement in writing between the employer and the employee;
c) The employee must be paid at least the full amount that would have been payable to the employee had the employee taken the leave that the employee has foregone; and
d) The employer authorises the employee to forgo the amount of paid annual leave.
Cashing Out of Accrued Annual Leave. All full-time and part-time Employees may at their election in writing forego an entitlement to annual leave credited to them provided that:
(a) The Employer authorises the Employee to forgo the amount of annual leave; and
(b) That the Employee must retain at least four (4) weeks annual leave accrual; and
(c) That the Employee is paid out at least the full amount that would have been payable to the Employee had the Employee taken the leave that the Employee has forgone. The Employer will only agree to payout annual leave in blocks of at least 5 days. Provided that in exceptional circumstances the Employer and the Employee may agree to payout a lesser period.
Cashing Out of Accrued Annual Leave. An Employee may make an application to cash out an amount of their accrued annual leave on the following conditions:
a) An Employee may seek approval to cash out an amount of annual leave provided at least four weeks of accrued leave will remain after the leave has been cashed out and the Employee has taken at least three weeks’ annual leave in the previous 12 months.
b) A written application must be submitted to the Employee's manager for each occasion they wish to cash out any annual leave and the minimum amount of annual leave covered by an application is one week.
c) The manager will forward the application and any comments to the applicable Director (or equivalent) for approval.
d) Any approval is strictly at the discretion of management.
e) If the cashing-out is approved, the Company and the employee will enter into a spate agreement in writing, signed by the company and the employee, providing for the cashing out of the particular amount of leave.
Cashing Out of Accrued Annual Leave. Ventia and an Employee may agree to the Employee cashing out a particular amount of the Employee’s accrued paid annual leave provided that the following requirements are met:
a) each cashing out of a particular amount of accrued paid annual leave must be by a separate agreement between Ventia and the Employee which must: • be in writing and retained as an Employee record; • state the amount of accrued leave to be cashed out and the payment to be made to the Employee; • state the date on which the payment is to be made, and • be signed by Ventia and Employee and, if the Employee is under 18 years of age, the Employees’ parent or guardian;
b) the Employee must be paid at least the full amount that would have been payable to the Employee had the Employee taken the leave at the time that it is cashed out;
c) paid annual leave must not be cashed out if the cashing out would result in the Employee’s remaining accrued entitlement to paid annual leave being less than 4 weeks; and
d) Employees may not cash out more than two weeks’ accrued annual leave in any 12 month period.
