How Wage Sacrificing Will Operate Sample Clauses

How Wage Sacrificing Will Operate. On receipt of the relevant application form and any other documentation required by this Part, the Company will consider the employee’s request and, if acceptable, provide written confirmation of the acceptance to the employee.
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How Wage Sacrificing Will Operate. 3.2.5.1. On receipt of the relevant application form and any other documentation required by this Part, the Employer will consider the employee’s request and, if acceptable, provide written confirmation of the acceptance to the employee. 3.2.5.2. From the time of the acceptance: • the value of the wage-sacrifice benefit or benefits will be deemed to form part of the agreed wages or salary required to be paid to the employee under this Agreement; • income taxation withholdings will, to the extent permitted by law, be deducted from the employee’s wages or salary assessed at the wage or salary level after the deduction of the value of the allowable wage sacrifice benefits from the wage or salary; • any accrued leave that can be taken by the employee as paid leave under either this Agreement or as a matter of Federal law, will be paid when taken on the basis of the wages or salary of the employee as they are affected by the wage sacrifice arrangements. 3.2.5.3. Following the first wage sacrifice payment, the Employer will retain a notional pay rate equivalent to the pre-sacrifice pay rate of the employee, for the purposes of calculating other benefits or benefits payable during the employment under this Agreement, if applicable, namely: • overtime entitlements; • shift and other allowances; • penalty payments; • superannuation contributions.
How Wage Sacrificing Will Operate. On receipt of the relevant application form and any other documentation required by this Part, the Company will consider the employee’s request and, if acceptable, provide written confirmation of the acceptance to the employee. From the time of the acceptance: 1. the value of the wage-sacrifice benefit or benefits will be deemed to form part of the agreed wages or salary required to be paid to the employee under this Agreement; 2. income taxation withholdings will, to the extent permitted by law, be deducted from the employee’s wages or salary assessed at the wage or salary level after the deduction of the value of the allowable wage sacrifice benefits from the wage or salary; 3. any accrued leave that can be taken by the employee as paid leave under either this Agreement or as a matter of Federal law, will be paid when taken on the basis of the wages or salary of the employee as they are affected by the wage sacrifice arrangements. Following the first wage sacrifice payment, the Company will retain a notional pay rate equivalent to the pre-sacrifice pay rate of the employee, for the purposes of calculating other benefits or benefits payable during the employment under this Agreement, if applicable, namely: – overtime entitlements; – shift and other allowances; – penalty payments; – superannuation contributions.

Related to How Wage Sacrificing Will Operate

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