Common use of Interest if Long Service Leave not taken Clause in Contracts

Interest if Long Service Leave not taken. An employee who leaves the School within 5 years and who has not taken long service leave during that time is entitled to a payment calculated as follows: P = T x A/B where: P = the amount of the payment due T = the Transferred Amount A = Australian Bureau of Statistics, Consumer Price Index – All Groups Index Number for Canberra for the quarter immediately preceding the date of the payment B = Australian Bureau of Statistics, Consumer Price Index – All Groups Index Number for Canberra for the quarter immediately preceding the date of receipt of the Transferred Amount

Interest if Long Service Leave not taken. An employee Employee who leaves the School within 5 three years and who has not taken long service leave during that time is entitled to a payment calculated as follows: P = T x A/B where: P = the amount of the payment due T = the Transferred Amount A = Australian Bureau of Statistics, Consumer Price Index – All Groups Index Number for Canberra Perth for the quarter immediately preceding the date of the payment B = Australian Bureau of Statistics, Consumer Price Index – All Groups Index Number for Canberra Perth for the quarter immediately preceding the date of receipt of the Transferred Amount