Common use of Cashing out of Long Service Leave Clause in Contracts

Cashing out of Long Service Leave. Where an Employee has an entitlement to take Long Service Leave, they may elect, in writing, to cash out all or part of that accrued long service leave. If all or part of an Employee’s entitlement to long service leave is cashed out, it will be paid at a time agreed between the Employer and the Employee, at the rate applicable at the time of it being cashed out. An Employee’s long service leave balance will be adjusted in accordance with any payment made.