Cashing Out Personal Leave. On your written request, you may cash out up to 37.5 hours per year of your personal leave if: • You have had at least 5 years continuous service and the balance of your personal leave does not fall below 187.5 hours, and • You are not dismissed. You will be paid at normal time for the hours cashed out. You may also take the corresponding time you have cashed out as unpaid leave. You can take this leave at a time agreed between you and your manager.
Cashing Out Personal Leave. 41.7.1 Employees may request to cash out up to two weeks (76 hours) of their personal leave entitlement every 12 months (or the pro‐rata equivalent for part time employees) if the following conditions are met:
Cashing Out Personal Leave. 6.2.5. An Employee who has accrued at least 4 weeks of personal leave may request in writing to cash out leave in excess of the 4 weeks. The personal leave balance must remain as at least 4 weeks after any cash out.
Cashing Out Personal Leave. The Employer and the Employee may agree in writing to cash out an amount of paid personal/carer's leave in September each year provided that:
Cashing Out Personal Leave. 1 In the event that an employee has personal/carer’s leave accruals in excess of 210 hours, they may, by written agreement with the Company on each occasion, and where permitted by legislation, have accumulations in excess of 210 hours paid out through payroll or into an approved superannuation fund in accordance with any statutory requirements and Company policies and forego a future entitlement to that leave.
Cashing Out Personal Leave a) During the period of this Agreement the Company will allow the cashing out of personal leave accrued, but not taken, during the Calendar (January to December) year. To qualify, 20 days minimum personal leave must be maintained at all times.
Cashing Out Personal Leave. (a) A full-time or part-time Employee may apply to cash out an amount of paid personal leave subject to this Agreement.
Cashing Out Personal Leave. Note: this sub-clause only applies to Employees employed by Bradken Resources Pty Limited prior to 15 August 2023 with continuous service back to this period. Paid personal/carer’s leave may only be cashed out if the cashing out would not result in the Employee’s remaining accrued entitlement to paid personal/carer’s leave being less than 15 days. Each cashing out of a particular amount of paid personal/carer’s leave must be by a separate agreement, in writing, between Bradken and the Employee, and the Employee must be paid at least the full amount that he/she would have received had he/she taken the leave that was forgone. Any unpaid leave absences will be treated as personal hours used in calculating absences from work in this system. Cashing out can occur only once per calendar year. This system is voluntary, and Employees may choose to accumulate sick leave in the normal manner. As such it is recommended that any Employee applying to access this process seek financial advice on this matter in the first instance. See below for entitlements schedule: PL Hours taken in previous 12 months Days available to be cashed out 48 Zero 16 Up to 8 days Zero Up to 10
Cashing Out Personal Leave. An employee covered by this Agreement, may at the employee’s election but on not more than one occasion in each 12-month period, make a written request to the Company to be able to cash out (or receive pay in lieu of taking) an amount of personal leave up to a maximum of 2 weeks personal leave. Such payment shall be made at the ordinary rate applicable to the Employee at that time. Upon any approved cash out of personal leave, the employee must retain a minimum of 15 days personal leave as stipulated in the Fair Work Act 2009. The Company may authorise the employee’s request and the Company has the right to reject any request for payment. If the request is authorised, the employee is entitled to an equivalent amount of pay to the leave foregone and the employee’s leave balance will be reduced by that amount.
