Purchased Annual Leave Sample Clauses

Purchased Annual Leave. (i) Employees with less than 4 weeks accrued annual leave may elect to purchase up to an additional 4 week’s annual leave by reducing their salary by an equivalent amount in accordance with WaterNSW policy the additional purchased annual leave must be used by 30 June of the financial year in which it is purchased or it may be paid out to the employee by 30 September in the subsequent financial year.
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Purchased Annual Leave. For those employees (including day workers) who wish to have more than 4 or 5 weeks leave as provided for in this agreement per annum an option is available to “purchase” up to an additional 2 weeks leave. An extra week’s leave may be purchased for a sacrifice of 1.92% of salary per week of leave purchased.
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Purchased Annual Leave. By agreement with Utilities Management, an employee may purchase up to 20 days additional annual leave per year with corresponding pay reductions spread evenly over the 12 month period in which the leave will be taken. Part time / job share employees can purchase additional annual leave in proportion to the number of ordinary hours worked against full time hours. Applications for purchasing addition annual leave will only be considered if the employee’s total annual leave entitlement does not exceed 4 weeks at the time of application (including annual leave already approved). Note this provision is different when applied as a part of a Phased Retirement Agreement (refer Clause 7.15).
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Purchased Annual Leave. 6.5.1. This option allows for up to eight (8) weeks additional annual leave per year, to be taken at a mutually convenient time to AIA and the employee.
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Purchased Annual Leave. 38.11.1 An Employee with at least 12 months continuous service who is engaged on a full time or part time basis may apply to the Company to enter into a salary sacrifice arrangement to ‘purchase’ 2 additional weeks of annual leave per annum (“additional annual leave”).
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Purchased Annual Leave. (a) A full-time permanent employee may elect to purchase up to an additional twenty (20) days (152 hours) of annual leave per year. This leave must be requested as either 5, 10, 15 or 20 days.
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Purchased Annual Leave. Employees may apply to increase the number of weeks annual leave by reducing their annual salary. A pro rata adjustment to salary can be made to access additional leave of up to four (4) weeks on a annual arrangement. This means the Employee could work 48/52 through to 51/52 by arrangement. The range of arrangements will be as follows: No of addition weeks leave New work arrangement (standard is 52/52) Total Number of weeks leave in the year Reduction in annual salary 4 weeks 48/52 8 weeks 4 weeks 3 weeks 49/52 7 weeks 3 weeks 2 weeks 50/52 6 weeks 2 weeks 1 week 51/52 5 weeks 1 week The Employee will receive a salary equal to the period worked (eg 49 weeks, 51 weeks) which will be spread over a 52 week period. The Employee will receive superannuation contributions by the Commission that correspond with the revised per annum salary. Sick leave and long service leave will accrue on a fifty-two (52) week basis. Applications must be made in writing for approval by the Divisional Head and are valid for a maximum of twelve months. Any extension of the purchased leave arrangement requires a further written application and formal evaluation. Approval of additional leave arrangements will be based upon:
Sample 1
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Related to Purchased Annual Leave

  • Additional Annual Leave (a) Shift Worker as defined by the Act An employee is entitled to accrue an additional amount of paid annual leave, for each completed 12 month period of continuous service with the employer, of 1/52 of the number of ordinary hours worked by the employee, for the employer, as a Shift Worker as defined by the Act during that 12 month period. The additional paid annual leave set out in this sub-clause is not cumulative upon the additional paid annual leave set out in the next sub-clause 21.6(b). The entitlement set out in this sub-clause shall only apply in the event that it provides a more favourable outcome for the employee and, if it does, then sub-clause 21.6(b) shall not apply.

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Cashing out annual leave Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

  • Taking Annual Leave (1) An employee may, on application approved by the Secretary, take annual leave in either of the following ways:

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • Entitlement to Annual Leave For each year of service with the Employer a full-time or part-time Employee is entitled to four (4) weeks of paid annual leave.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if:

  • Accumulation of Annual Leave A. During the first three (3) years of employment, a regular or limited term employee shall earn approximately five (5) hours and fifty-one (51) minutes of annual leave during each eighty (80) hour pay period (approximately one hundred fifty-two [152] hours per year), or a prorated amount for any pay period in which the employee is paid for less than eighty (80) hours.

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

  • Annual Leave (a) An employee may elect with the consent of the employer, subject to the Annual Xxxxxxxx Xxx 0000, to take annual leave not exceeding five days in single day periods or part thereof, in any calendar year at a time or times agreed by the parties.

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