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

Cashing Out of Paid Annual Leave. 7.1.7.1 An Employee may apply to cash out Their annual leave at any time subject to the following: (a) 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 the equivalent of four (4) weeks leave; and (b) Each cashing out of a particular amount of paid annual leave must be made by a separate agreement in writing between the Employer and the Employee; and (c) The Employee shall 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 cashed out, and (d) The authority to approve a cash out is the Employer’s. 7.1.7.2 An Employee’s accrued entitlement to annual leave will reduce by the amount of leave cashed out.

Cashing Out of Paid Annual Leave. 7.1.7.1 An Employee may apply to cash out Their their annual leave at any time subject to the following: (a) 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 the equivalent of four (4) weeks leave; and (b) Each each cashing out of a particular amount of paid annual leave must be made by a separate agreement in writing between the Employer Company and the Employee; and (c) The the Employee shall 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 cashed out, out (including any leave loading that may have applied); and (d) The the authority to approve a cash out is the EmployerCompany’s.; and 7.1.7.2 An e) an Employee’s accrued entitlement to annual leave will reduce by the amount of leave cashed out.

Cashing Out of Paid Annual Leave. 7.1.7.1 An Employee may apply to cash out Their their annual leave at any time subject to the following: (a) 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 the equivalent of four (4) weeks leave; and (b) Each each cashing out of a particular amount of paid annual leave must be made by a separate agreement in writing between the Employer Company and the Employee; , and (c) The the Employee shall 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 cashed out, and (d) The the authority to approve a cash out is the EmployerCompany’s. 7.1.7.2 . An Employee’s accrued entitlement to annual leave will reduce by the amount of leave cashed out.