Completion of Term Payment Sample Clauses

Completion of Term Payment. On completion of a Fixed Term or Specified Task engagement (minimum of twelve months) where the employment terminates, an ex-gratia “Completion of Term Payment” (CTP) will be payable as follows to the employee:the date of termination less any LSL taken. The Completion of Term Payment does not apply to an apprentice or a trainee under an apprenticeship or traineeship. No Significant Change 3.6 Position Profiles All offers of employment will include an up to date position profile. SPARQ Solutions provide a commitment to having current position descriptions for all jobs within SPARQ Solutions’ operations. Advertised positions will be accompanied by position descriptions in all circumstances. Position descriptions should be regularly reviewed to determine if the duties, key accountabilities, or reporting responsibilities have changed. The position profile should be updated to reflect any changes. The review of individual position descriptions should occur at least annually and be discussed as part of the annual performance review process. The review process will be in consultation with the employee on any proposed changes and amendments to be made to the position description and provided to the employee and placed on their personnel file. If the accountabilities, responsibilities or skill requirements of the position change sufficiently to warrant a possible reclassification, the position description will need to be re-evaluated and determined within an agreed timeframe to assess whether the current classification level and therefore salary, is still appropriate for the position. If the position is re-evaluated at a lower or higher classification, the outcomes and reasons will be communicated in a timely manner in writing to the employee or employees affected. No Significant Change 3.7

Completion of Term Payment. On completion of a Fixed Term or Specified Task engagement (minimum of twelve months) where the employment terminates, an ex-gratia “Completion of Term Payment” (CTP) will be payable as follows to the employee: ▪ Three (3) weeks per year of service, together with a proportionate amount for an incomplete year of service; ▪ Pro-rata Annual Leave is paid to the date of termination less any Annual Leave taken; and ▪ Long Service Leave (LSL) at the rate of 1.3 weeks per completed year of service and pro-rata will be paid for an incomplete year of service up to the date of termination less any LSL taken. The Completion of Term Payment does not apply to an apprentice or a trainee under an apprenticeship or traineeship.

Completion of Term Payment. On completion of a fixed term or Specified Task engagement [minimum of twelve months] where the employment terminates, an ex-gratia “Completion of Term Payment” [CTP] will be payable as follows to the employee: ▪ Three [3] weeks per year of service, together with a proportionate amount for an incomplete year of service; ▪ Pro-rata Annual Leave is paid to the date of termination; and ▪ Long Service Leave at the rate of 1.3 weeks per completed year of service and pro-rata will be paid for an incomplete year of service up to the date of termination.