Common use of Purchasing Additional Leave Clause in Contracts

Purchasing Additional Leave. 6.2.1 Employees who are entitled to 6 weeks leave (annual/discretionary) per annum may apply to buy additional annual leave (by reducing their annual base salary by 2% per week) according to the following criteria: a) The maximum buyout will be three weeks per annum; b) The additional leave will be costed on an individual basis ensuring there is no disadvantage to the employee for each week of leave bought; c) Any agreement shall be for a minimum of one year and a maximum of three years, and be in writing signed by the employer and the employee; d) Arrangements must be signed prior to 1 February in the year the additional leave is to be taken; e) The employee’s annual base salary will be adjusted to reflect the arrangement; f) All contractual leave must be taken prior to the additional annual leave.

Purchasing Additional Leave. 6.2.1 Employees who are entitled to 6 weeks leave (annual/discretionary) per annum may apply to buy additional annual leave (by reducing their annual base salary by 2% per week) according to the following criteria: (a) The maximum buyout will be three weeks per annum; (b) The additional leave will be costed on an individual basis ensuring there is no disadvantage to the employee for each week of leave bought; (c) Any agreement shall be for a minimum of one year and a maximum of three years, and be in writing signed by the employer and the employee; (d) Arrangements must be signed prior to 1 February in the year the additional leave is to be taken; (e) The employee’s annual base salary will be adjusted to reflect the arrangement; (f) All contractual leave must be taken prior to the additional annual leave.