Entitlement to cash out annual leave Sample Clauses

Entitlement to cash out annual leave. An employee may request in writing to forgo an amount of annual leave and to receive payment of that amount in lieu of taking the leave. Payment is conditional on the Company agreeing to the request. During each 12 month period an employee can not forgo more than 2 weeks of accrued annual leave
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Entitlement to cash out annual leave. Subject to the agreement of the company, in each 12 month period a full-time or part-time employee may elect in writing to forgo up to two weeks of accrued annual leave and receive payment in lieu thereof.
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Entitlement to cash out annual leave. During each twelve (12) month period, an employee shall be entitled to apply in writing to the employer, to forego up to 1/26th of the nominal hours worked by an employee for the employer during the period. A maximum of 2 weeks annual leave can be cashed out in any twelve (12) month period. The employee is entitled to receive payment in lieu of the amount of annual leave foregone at a rate that is no less than the employee’s ordinary rate of pay at the time that the election is made. The employer shall be able to authorise the foregoing of annual leave but shall not be able to require the employee to forego an entitlement of annual leave.
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Entitlement to cash out annual leave. (a) UNSW encourages all staff to utilise their annual leave entitlements. However, UNSW also recognises that there may be individual circumstances in which an Employee wishes to cash out a portion of their accrued annual leave entitlement. (b) An Employee may apply to have a portion of their accrued annual leave paid out, less any applicable taxation (which application must be made in writing to the person(s) nominated by UNSW in its policies), provided that:
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Entitlement to cash out annual leave. From a health and well-being perspective, staff are encouraged to have a reasonable break from work. However, it is recognised that in some circumstances, cashing out of leave may be of benefit to employees. An employee may request to receive payment in lieu of an entitlement to annual leave. 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 four (4) weeks. All requests to cash out an entitlement to annual leave from employees must be in writing and the decision to approve or decline the request is at the absolute discretion of the Company. Employee health and well-being will be one of the considerations when a decision to approve or decline a request is made. The Company will not approve requests to cash out an entitlement to leave of more than two (2) weeks in any one year except in extraordinary circumstances. When an entitlement to leave is paid in lieu of taking the leave, payment shall be the full amount that would have been payable to the employee had the employee taken the leave that the employee has forgone.
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Entitlement to cash out annual leave. The option to cash-out annual leave is available to permanent employees only, and only applies to annual leave accrued from 27 March 2006. Subject to the above, a permanent employee paid under this Agreement may apply to cash-out accrued annual leave equal to a maximum of 1/26 of their nominal working hours during a 12 month period. For a full-time employee, the maximum amount would be 2 weeks. (This example assumes 1976 ordinary hours per year. 1/26 of 1976 is 76 hours, or 2 weeks). Under this cash-out arrangement, the payment received will be in lieu of the employee’s entitlement to take an amount of leave, and the Company will deduct that amount from the employee’s annual leave accrual. Applications to cash-out annual leave must be made in writing using the appropriate Payroll form. The Company reserves the right to approve or refuse an application to cash-out annual leave. Approval will not be unreasonably withheld
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Entitlement to cash out annual leave. 15.2.1 The Credit Union encourages employees to take their annual leave on a regular basis and will put in place strategies to avoid the accumulation of excessive amounts of annual leave as a result of insufficient employee levels or other business strategies. However, to deal with excessive annual leave accrual, the following provisions will apply during the nominal life of this Agreement. 15.2.2 If an employee has accumulated annual leave of 25 days or more, he or she may elect to be paid in lieu of taking some of that accrued leave. ‘Cashing out’ of annual leave can only take place by agreement between an employee and the General Manager People and Culture under the following conditions: (a) The employee has taken at least 3 weeks' leave in the last 12 month period; and (b) The employee will have 20 annual leave days remaining after ‘cashing out’ their accumulated leave; and (c) The employee agrees to forego the agreed amount of annual leave to receive payment in lieu of the leave; and 15.2.3 A full time employee may cash out only up to 10 annual leave days in any 12 month period, without exception. A part time employee, in any 12 month period, may cash out only up to the equivalent of 1/26th of the hours they are scheduled to work in that 12 month period. 15.2.4 If an employee wishes to cash out part of their annual leave accrual, he or she must put their request in writing to the General Manager People and Culture indicating the amount of accrued annual leave he or she wishes to cash out, and indicating that they elect to forego that amount of annual leave. 15.2.5 If an employee elects to cash out some of their accrued annual leave and that cash out is approved by the General Manager People and Culture, the Credit Union will pay the employee, within a reasonable time, for the foregone leave at the ordinary rate of pay current at the time the employee made the written request to cash out that part of their accrued annual leave. 15.2.6 If an employee cashes out some of their accrued annual leave, the Credit Union will deduct that amount of annual leave from the amount of the employee’s accrued annual leave.
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Entitlement to cash out annual leave. (a) A team member is entitled to cash out Annual Leave if: (i) the team member makes a request in writing; and (ii) the cashing out would result in the team member’s remaining accrued entitlement to paid Annual Leave not being less than four (4) weeks; and (iii) at the time of the request made by the team member to cash out Annual Leave, the team member has taken two (2) weeks Annual Leave or more in the previous twelve
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Related to Entitlement to cash out annual leave

  • Entitlement to Annual Leave For each year of service with the Employer a full-time or part-time Employee is entitled to four (4) weeks of paid annual leave.

  • Cashing out annual leave The employee may, with the agreement of the employer, request in writing, to cash out up to two weeks of their annual leave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee. Cashed out annual leave will be paid at the rate of pay that the employee receives at the time when the request is made.

  • Taking annual leave (a) Any employee may take paid annual leave if sufficient annual leave has been credited to that employee and the employer has authorised the leave being taken.

  • Payment of Annual Leave Upon resignation, retirement, or dismissal of any employee in the bargaining unit, he/she shall receive a sum equal to the number of days of annual leave remaining to his/her credit, provided that any or all amounts may be applied to offset any amounts owed the state by the employee. In the event of death of an employee while in the bargaining unit, a sum equal to the number of days annual leave remaining shall be paid to his/her estate.

  • Entitlement to Vacation Leave With Pay An employee is entitled to vacation leave with pay to the extent of his earned credits but an employee who has completed six (6) months of continuous employment may receive an advance of credits equivalent to the anticipated credits for the vacation year.

  • Entitlement to Leave An employee shall be granted Workers' Compensation leave with pay in the event that the Workers' Compensation Board (WorkSafe BC) determines that the employee has established a claim (time loss benefits) and they are unable to perform their duties by reason of the compensable injury which occurred while employed by the Employer. For the purposes of this clause, pay is defined as the employee's regular take-home wages to ensure that the non-taxable status of Workers' Compensation benefits does not provide an opportunity for an injured worker to earn more while on claim than if they were working. The term claim will not include any form of WCB allowance or pension, and this section will not be operative while an employee is receiving such a different form of payment from WCB arising from this claim.

  • Cashing out of Annual Leave (a) Paid Annual Leave must not be cashed out except in accordance with an agreement under clause 41.8. (b) Each cashing out of a particular amount of paid Annual Leave must be the subject of a separate agreement under clause 41.8. (c) The Employer and an Employee may agree in writing to the cashing out of a particular amount of accrued paid Annual Leave by the Employee. An agreement this clause must state: (i) the amount of Annual Leave to be cashed out and the payment to be made; and (ii) the date on which the payment is to be made. (d) An agreement under clause 41.8 must be signed by the Employer and Employee and, if the Employee is under 18 years of age, by the Employee’s parent or guardian. (e) The payment must not be less than the amount that would have been payable had the Employee taken the Annual Leave at the time the payment is made. (f) An agreement must not result in the Employee’s remaining accrued entitlement to paid Annual Leave being less than four (4) weeks. (g) The Employer must keep a copy of any agreement under clause 41.8 as an Employee record.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • Call Back From Vacation (a) Employees who have commenced their annual vacation shall not be called back to work, except in cases of extreme emergency. (b) When, during any vacation period, an employee is recalled to duty, he/she shall be reimbursed for all expenses incurred thereby by himself/herself, in proceeding to his/her place of duty and in returning to the place from which he/she was recalled upon resumption of vacation, upon submission of receipts (except for meals) to the Employer. (c) Time necessary for travel in returning to his/her place of duty and returning again to the place from which he/she was recalled shall not be counted against his/her remaining vacation entitlement.

  • Entitlement to Benefits Notwithstanding the other provisions of this Agreement, a benefit under this Agreement shall not be granted in respect of an item of income if it is reasonable to conclude, having regard to all relevant facts and circumstances, that obtaining that benefit was one of the principal purposes of any arrangement or transaction that resulted directly or indirectly in that benefit, unless it is established that granting that benefit in these circumstances would be in accordance with the object and purpose of the relevant provisions of this Agreement.

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