Common use of Purchasing Additional Annual Leave Clause in Contracts

Purchasing Additional Annual Leave. If you are a permanent employee you can apply to purchase up to 4 weeks additional Annual Leave per year on top of your normal 4 weeks Annual Leave. Additional leave needs to be taken in a minimum period of 1 week. Your annual salary/wage will be reduced over a 52 week period by the value of the amount of leave purchased. In order to purchase additional Annual Leave you can't have excess Annual or Long Service Leave balances. Some conditions > When you use your purchased leave you will continue to accrue Annual, Long Service and Personal Leave at 100% of your accrual rate. > Purchased leave is considered as service in all circumstances. > Employer Superannuation Contributions are based on the reduced annual rate of pay. > Any agreement for additional Annual Leave must be in writing and signed by you and Management. > Where additional hours are paid at penalty or overtime rates, the payment will be calculated using your ordinary hourly rate and not the annualised hourly rate. > Leave loading does not apply to any additional Annual Leave purchased. > If you get a promotion, secondment or transfer, the continued application of the arrangement is to be negotiated between you and your new Manager. We will recalculate the annualised hourly rate if the agreement is discontinued or continued with a different pay rate. > The additional purchased leave must be taken in full at the end of the 52 week period and is not able to be accrued. If you are unable to take the additional leave by the completion of the 12 month period the arrangement will be cancelled, leave credit annulled and you will be refunded any deduction to your salary. Leave will be credited at the pay rate on application. > If your employment is terminated or you withdraw prior to the end of the purchased leave arrangement, you will either: ▪ have the pro-rata amount of unused purchased leave reimbursed as a lump sum payment; or ▪ be required to repay any overdrawn purchased leave.

Purchasing Additional Annual Leave. If you are a permanent employee you can apply to purchase up to 4 weeks additional Annual Leave per year on top of your normal 4 weeks Annual Leave. Additional leave needs to be taken in a minimum period of 1 week. Your annual salary/wage will be reduced over a 52 week period by the value of the amount of leave purchased. In order to purchase additional Annual Leave you can't have excess Annual or Long Service Leave balances. Some conditions >  When you use your purchased leave you will continue to accrue Annual, Long Service and Personal Leave at 100% of your accrual rate. >  Purchased leave is considered as service in all circumstances. >  Employer Superannuation Contributions are based on the reduced annual rate of pay. >  Any agreement for additional Annual Leave must be in writing and signed by you and Management. >  Where additional hours are paid at penalty or overtime rates, the payment will be calculated using your ordinary hourly rate and not the annualised hourly rate. >  Leave loading does not apply to any additional Annual Leave purchased. >  If you get a promotion, secondment or transfer, the continued application of the arrangement is to be negotiated between you and your new Manager. We will recalculate the annualised hourly rate if the agreement is discontinued or continued with a different pay rate. >  The additional purchased leave must be taken in full at the end of the 52 week period and is not able to be accrued. If you are unable to take the additional leave by the completion of the 12 month period the arrangement will be cancelled, leave credit annulled and you will be refunded any deduction to your salary. Leave will be credited at the pay rate on application. >  If your employment is terminated or you withdraw prior to the end of the purchased leave arrangement, you will either: ▪  have the pro-rata amount of unused purchased leave reimbursed as a lump sum payment; or ▪  be required to repay any overdrawn purchased leave.

Purchasing Additional Annual Leave. If you are a permanent employee you can apply to purchase up to 4 weeks additional Annual Leave per year on top of your normal 4 weeks Annual Leave. Additional leave needs to be taken in a minimum period of 1 week. Your annual salary/salary/ wage will be reduced over a 52 week period by the t he value of the t he amount of leave purchased. In order to purchase additional Annual Leave Leave, you can't have excess Annual or Long Service Leave balances. Some conditions > When you use your purchased leave leave, you will continue to accrue Annual, Long Service and Personal Leave at 100% of your accrual rate. > Purchased leave is considered as service in all circumstances. > Employer Superannuation Contributions are based on the t he reduced annual rate of pay. > Any agreement for additional Annual Leave must be in writing and signed by you and ManagementManagement . > Where additional hours are paid at penalty penalt y or overtime overt ime rates, the t he payment will be calculated using your ordinary hourly rate and not the t he annualised hourly rate. > Leave loading does not apply to any additional Annual Leave purchased. > If you get a promotion, secondment or transfer, the t he continued application of the t he arrangement is to be negotiated between negot iated bet ween you and your new Manager. We will recalculate the t he annualised hourly rate if the t he agreement is discontinued or continued with a different pay rate. > The additional purchased leave must be taken in full at the t he end of the t he 52 week period and is not able to be accrued. If you are unable to take the t he additional leave by the t he completion of the 12 month period the t he arrangement will be cancelled, leave credit annulled and you will be refunded any deduction to your salary. Leave will be credited at the t he pay rate on application. > If your employment is terminated or you withdraw prior to the t he end of the t he purchased leave arrangementarrangement , you will eithereit her: ▪ have the pro-t he pro- rata amount of unused purchased leave reimbursed as a lump sum paymentpayment ; or ▪ be required to repay any overdrawn purchased leave.