Common use of Cashing Out of Accrued Annual Leave Clause in Contracts

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.