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: 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