Cashing up TOIL Sample Clauses
Cashing up TOIL. Employees can elect to cash up TOIL when taking annual, Shift, PCT, and Long Service leave, Statutory and Commissioner holidays, DDO’s and Dog Care Time. One day of TOIL can be cashed (non-superable) for each day of leave taken and is paid at the same rate as annual leave. (This change effective from date of ratification of the Agreement).
Cashing up TOIL. Managers who have an unused TOIL balance when promoted and are covered by this Agreement can elect to cash up or use their TOIL on the following basis: ▪ The manager can cash up their TOIL based on their existing remuneration and prior to their new remuneration on promotion being effective; or ▪ The manager can use their TOIL prior to taking up the promotion if this is possible ; or ▪ After being promoted the manager can cash up their TOIL with each subsequent period of leave until their TOIL accumulation is exhausted. The criteria to cash up TOIL will be:
o i. One day of TOIL can be cashed up for each two days of leave taken
o ii. The TOIL rate will be paid at the same rate as annual leave (non-superable).