Common use of Saving leave Clause in Contracts

Saving leave. a. The parties to the collective agreement wish to establish a fund at sector level to allow employees to save days of leave. The following principles apply: • the fund is an ‘external’ (sectoral) fund; • employees can convert the balance of available hours off from the preceding calendar year into a cash sum that they can deposit in the fund; • the scheme applies for newly accrued hours; • after the scheme has entered into force, up to 25% of the balance that was already accrued before 1 January 2021 can be used for the leave-saving scheme every year; • statutory days of leave may not be saved.

Saving leave. a. The parties to the collective agreement wish to establish a fund at sector level to allow employees to save days facilitate the saving of leave. The following principles apply: • the fund is an ‘external’ (sectoral) fund; • from 2022, employees can convert the balance of available hours off from the preceding calendar year into a cash sum that they can deposit in the fund; • the scheme applies for newly accrued hours; • after the scheme has entered into force, up to 25% of the balance that was already accrued before 1 January 2021 can be used for the leave-saving scheme every year; • statutory leave days of leave may not be saved.

Saving leave. a. The parties to the collective agreement wish to establish a fund at sector level to allow employees to save days of leave. The following principles apply: • the fund is an ‘external’ (sectoral) fund; • from 2022, employees can convert the balance of available hours off from the preceding calendar year into a cash sum that they can deposit in the fund; • the scheme applies for newly accrued hours; • after the scheme has entered into force, up to 25% of the balance that was already accrued before 1 January 2021 can be used for the leave-saving scheme every year; • statutory days of leave may not be saved.

Saving leave. a. The parties to the collective agreement wish to establish a fund at sector level to allow employees to save days facilitate the saving of leave. The following principles apply: • the fund is an ‘external’ (sectoral) fund; • employees can convert the balance of available hours off from the preceding calendar year into a cash sum that they can deposit in the fund; • the scheme applies for newly accrued hours; • after the scheme has entered into forcetakes effect, up to 25% of the balance that was already accrued before 1 January 2021 can be used for the leave-saving scheme every year; • statutory leave days of leave may not be saved.