PURCHASED ANNUAL LEAVE Sample Clauses

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: 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: (a) the operational needs and requirements of the work unit, and (b) a demonstrated incapacity to utilise available annual or long service leave entitlements or draw down upon accumulated hours, rostered days off or alternative shifts to provide a similar level of flexibility. The Commission will endeavour to accommodate Employee requests for arrangements under this clause, and where such requests are granted will make proper arrangements to ensure that the workloads of other Employees are not unduly affected and that excessive overtime is not required to be performed by other Employees as a result of these arrangements. Any additional leave granted as a result of this clause must be used within the following twelve (12) month period and taken in blocks of no less than one (1) week. Employees electing to utilise the extra leave provision are subject to clause 18.5, with annual leave monitored to ensure that once the twelve
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PURCHASED ANNUAL LEAVE. 23.14.1 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.
PURCHASED ANNUAL LEAVE. (i) Employees with less than 6 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 Leave 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 (ii) The total of accrued annual leave and purchased annual leave will not exceed 8 weeks per year. (iii) payment for this additional purchased annual leave excludes leave loading and shift penalties. (iv) An employee who has purchased additional annual leave can elect at any time to cash out such leave.
PURCHASED ANNUAL LEAVE. By agreement with Utilities Management, an employee may purchase up to twenty (20) days additional annual leave per year with corresponding pay reductions spread evenly over the twelve (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 four (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 subclause 7.14).
PURCHASED ANNUAL LEAVE. 54.1. An employee with at least twelve (12) months continuous service with AMSA may apply to purchase annual leave. 54.2. The employee will be required to submit an application for purchased annual leave to their manager for approval. Applications for purchased annual leave will be considered having regard to the operational requirements of AMSA. 54.3. An employee may purchase up to four weeks of additional annual leave in any one year period (pro-rata for part-time employees). Purchased leave is credited to the employee for immediate use. The leave is paid for progressively each pay day over a period of 12 months, or a shorter period if requested by the employee. Payments for the purchased leave commence immediately following the leave being credited. Purchased leave requests may be refused where an employee has an excess annual leave entitlement in accordance with clause 40.10. 54.4. Periods of purchased annual leave count for service and will not affect salary for superannuation or any other purpose.
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”). 38.11.2 The Employee must make an application in advance and for each year they wish to ‘purchase’ the additional annual leave. 38.11.3 The Employee must have accrued the additional annual leave before taking that annual leave. The granting of the annual leave will be subject to the Company’s operational requirements.
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. (b) Purchased annual leave is funded by the employee’s wages being reduced accordingly. Requests for purchased annual leave will not be unreasonably refused. (c) To be eligible, an employee must have 30 days (228 hours) or less in accrued annual leave entitlements. All purchased annual leave must be taken within 24 months of each approved application. For example, if an employee enters an arrangement for an additional 5 days (38 hours) on 1 February 2023, the employee has until 1 February 2025 to take the leave. Additional purchased annual leave will accrue progressively and cannot be taken in advance. (d) If due to extenuating circumstances purchased leave is not taken in the required period, it will be repaid to the employee and the employee’s leave accruals will be adjusted accordingly. (e) UGL will provide a specific form for applications to purchase additional annual leave. Approval for the taking of any annual leave will be via the usual application and approval processes prior to taking the leave. (f) Where an employee’s employment terminates, UGL will provide additional payment to the employee for purchased leave accrued but not taken. Where an employee transfers and this Agreement ceases to apply to them, any additional annual leave accruals will be repaid, and the arrangement will cease. (g) The accrual of annual leave, personal leave and long service leave entitlements are not affected by this additional (self-funded) leave arrangement. (h) UGL commits to this provision for the life of this Agreement. At the nominal expiry date of this Agreement, the scheme will cease unless it is provided for in a subsequent arrangement.
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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. 6.5.2. Purchased annual leave cannot be used by an employee who has taken an amount of annual leave at half pay in accordance with clause 6.6 in that year. 6.5.3. Employees may elect any length of agreement between two (2) weeks and fifty-two (52) weeks over which to purchase the additional leave. Once approved, the employee’s fortnightly salary payments are reduced to the appropriate fraction over this agreement period to pay for the additional leave. 6.5.4. All purchased leave must be taken in the year it is due. At the time of application, employees will need to advise the actual dates intended to be taken as purchased annual leave. Once agreements are entered into, the employee will ideally not change the dates within each purchased leave period other than under exceptional circumstances, and unless AIA agrees. In the event that the employee cannot take the leave due to operational requirements as per clause 6.1.4 (b), or AIA agrees to the employee withdrawing from the scheme, the employee will be reimbursed for the untaken purchased leave in a lump sum. 6.5.5. Purchased leave is entirely voluntary and it is up to the employee to generate an expression of interest. Purchased leave is not an entitlement or a right. Each case shall be examined based on its assessed impact on the operational needs at the time. AIA reserves the right to refuse a request for purchased leave at any time. Coverage of purchased leave arrangements e.g., backfill, will be reviewed on a case by case basis. 6.5.6. An employee who purchases leave will be expected to use all accrued leave in the year it is due, any accrued TOIL in accordance with clause 3.5, plus the purchased leave as set out in the purchased leave agreement. 6.5.7. The employee is responsible for investigating the impact on their superannuation, leave entitlements and taxation prior to committing to any arrangement made under this clause. 6.5.8. Superannuation will be paid on the reduced salary amount in accordance with Part 4. If an employee wants their superannuation contributions to be maintained at their full salary level, they must make their own additional contributions to the required amount. 6.5.9. Agreements, once entered into, cannot be altered within the period other than under exceptional circumstances, and by agreement between the employee and AIA. AI...
PURCHASED ANNUAL LEAVE. ‌ 6.4.1. This option allows for up to four (4) weeks additional leave per year, to be taken at a mutually convenient time to AIA and the employee. 6.4.2. Agreements will be for either nine (9) or twelve (12) months at the employee’s choice. Salary is reduced to an appropriate fraction to pay for the additional leave e.g. 48/52 of annual salary for four (4) weeks additional leave or 49/52 for three (3) weeks additional leave. 6.4.3. All purchased leave must be taken in the year it is due. At the time of application, employees will need to advise the actual dates intended to be taken as purchased leave. In the event that the employee cannot take the absence due to operational requirements, the employee will be reimbursed for the untaken purchased leave in a lump sum. 6.4.4. Purchased leave must be booked in week blocks, with a minimum of one week. 6.4.5. Purchased leave is entirely voluntary and it is up to the employee to generate an expression of interest. Purchased leave is not an entitlement or a right. Each case shall be examined based on its assessed impact on the operational needs at the time. AIA reserves the right to refuse a request for purchased leave at any time. 6.4.6. An employee who purchases leave will be expected to use all accrued leave plus the purchased leave within the period covered by the purchased leave agreement. 6.4.7. The employee is responsible for investigating the impact on their superannuation, leave entitlements and taxation prior to committing to any arrangement made under this clause. 6.4.8. Superannuation will be paid on the reduced salary amount in accordance with Part 4. If an employee wants their superannuation contributions to be maintained at their full salary level, they must pay both their own additional contributions and the necessary additional employer contributions. 6.4.9. Agreements, once entered into, cannot be altered within each nine (9) or twelve (12) month period other than under exceptional circumstances, and by agreement between the employee and AIA. AIA shall make decisions concerning withdrawal from the scheme due to exceptional circumstances. Withdrawal from the scheme will result in deferred salary being paid to the employee in a lump sum payment. 6.4.10. It is recommended that employees seek independent financial advice prior to requesting approval to purchased leave, or in the event that they seek early withdrawal from a purchased leave arrangement.
PURCHASED ANNUAL LEAVE. (a) Where the Employer and an Employee agree to allowing an Employee to purchase additional annual leave, the Employee will agree to allow the Employer to deduct the monetary amount from the Employee’s ordinary wages, which may be done in a lump sum or instalments. (b) The monetary amount deducted by the Employer from an Employee’s wages must not exceed the amount that would have been payable had the employee performed work at the time the leave is taken. (c) For the avoidance of doubt, any amount deducted by the Employer from an Employee’s wages under this clause will be considered a permitted deduction within the meaning of clause 324 (1)(b) of the Fair Work Act 2009 (Cth).
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