Common use of PORTABLE LONG SERVICE LEAVE Clause in Contracts

PORTABLE LONG SERVICE LEAVE. 23.1 (a) The employer will enrol all employees covered by this Agreement into Secure Employees Entitlement Trust (SEET), or another Fund agreed to by the parties, which will hold the employee/s long service leave entitlement. 23.1 (b) The employer will make monthly contributions in respect of each employee to the Fund of the amount specified in the Trust Deed of the Trust approved by the Union in clause 23.1(a). 23.1 (c) If there is no amount(s) specified in the Trust Deed referred to in 23.1(b), the employer will make monthly contributions to the Fund at a rate of 2.1% of the employees gross weekly wage x 4 or 5, depending on the month. 23.1 (d) From the date of this agreement, employees will accrue long service leave at the rate of 1.3 weeks for each year of service in the industry. The entitlement to take long service leave occurs after 10 years of service in the industry. Employees are able to apply to take a pro-rata allocation of long service leave when they have completed a minimum of 7 years of service in the industry. Payment of pro-rata leave or termination, other than redundancy, is available on the same basis as the taking of pro-rata leave.

PORTABLE LONG SERVICE LEAVE. 23.1 24.1 (a) The employer will enrol all employees covered by this Agreement into Secure Employees Entitlement Trust (SEET), or another Fund agreed to by the parties, which will hold the employee/s long service leave entitlement. 23.1 24.1 (b) The employer will make monthly contributions in respect of each employee to the Fund of the amount specified in the Trust Deed of the Trust approved by the Union in clause 23.1(a24.1(a). 23.1 24.1 (c) If there is no amount(s) specified in the Trust Deed referred to in 23.1(b24.1(b), the employer will make monthly contributions to the Fund at a rate of 2.1% of the employees gross weekly wage x 4 or 5, depending on the month. 23.1 24.1 (d) From the date of this agreement, employees will accrue long service leave at the rate of 1.3 weeks for each year of service in the industry. The entitlement to take long service leave occurs after 10 years of service in the industry. Employees are able to apply to take a pro-rata allocation of long service leave when they have completed a minimum of 7 years of service in the industry. Payment of pro-rata leave or termination, other than redundancy, is available on the same basis as the taking of pro-rata leave.