Common use of Payment of Annual Leave Clause in Contracts

Payment of Annual Leave. (a) If the Executive takes a period of annual leave, the Company will pay the Executive what the Executive would have been paid had the Executive worked during the period of annual leave taken. (b) If, when the employment of the Executive ends, the Executive has a period of accrued annual leave, the Company will pay the Executive the amount that would have been payable to the Executive had the Executive taken that period of leave. (c) Annual leave loading is not payable.