Common use of Transfer of Accumulated Service Clause in Contracts

Transfer of Accumulated Service. (a) Where an Employee with in excess of 10 years continuous service is leaving the employ of the Employer and transferring to another public sector Victorian health care institution to which long service leave accruals are portable, the Employer agrees, when requested by the receiving Employer and Employee, to transfer to the receiving Employer an amount equivalent to the accrued long service leave entitlement owing to the Employee at the date of termination. Consequent upon such funds transfer, the receiving Employer will afford the new Employee full recognition of their accrued long service entitlements.

Transfer of Accumulated Service. (ai) Where an Employee with in excess of 10 years continuous service is leaving the employ of the Employer and transferring to another public sector Victorian health care institution to which long service leave accruals are portable, the Employer agrees, when requested by the receiving Employer and Employee, to transfer to the receiving Employer an amount equivalent to the accrued long service leave entitlement owing to the Employee at the date of termination. Consequent upon such funds transfer, the receiving Employer will afford the new Employee full recognition of their accrued long service entitlements.