Conversion of Cumulative Personal Leave to Cash Payment. Prior to Christmas, and upon authorisation from the Employer, an Employee may elect in writing to convert all except 15 days (108 hours) of accrued Personal Leave entitlements to a cash payment. If the Employee elects to convert Personal Leave to a cash payment, payment must be made by the Employer to the Employee on the last pay day before Christmas. Each cashing out of paid Personal Leave by an Employee in accordance with this clause must be by a separate election by the Employee.
Appears in 9 contracts
Samples: Sacrifice Agreement for Superannuation, Sacrifice Agreement for Superannuation, Sacrifice Agreement for Superannuation
