Common use of Work 4 out of 5 Years Clause in Contracts

Work 4 out of 5 Years. Eligibility If you are a permanent employee you can apply to work 4 years at 80% normal salary and take the 5th year as paid leave. The 5th year must be taken at the end of the 4 years’ service, unless otherwise agreed by you and your Director. Working 4 out of 5 years is available only when you have cleared any accrual of Annual Leave which is greater than 4 weeks. Continuity of service and return from leave When you return to work after your leave, you will receive any increases to wage rates arising under this Agreement that occurred during the period of leave. Any increases will be effective from the date you return from the 5th year paid leave. If you take the 5th year paid leave under this arrangement, the period of leave will not constitute a break in service.

Appears in 4 contracts

Samples: Enterprise Agreement, Enterprise Agreement, www.newcastle.nsw.gov.au

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