Examples of Leave Salary in a sentence
In respect of Leave Salary, the same is accounted as and when the liability arises in accordance with the provision of law governing the establishment.
Gratuity, Leave Salary and Superannuation benefit form part of defined benefit plan schemes existing in the company.The above benefits are accounted for on the basis of accrual of liability towards obligation on account of past/present service cost, interest and actuarial adjustment net of return on fund invested to cover the obligation in planned assets and actuarial gain/loss thereon in terms of calculation made by actuary under Unit Projected Credit Method.
Leave Salary is accounted for on the accrual basis on the basis of methodical estimates under taken by the management.
Payment of Salary Following Return from Sabbatical Leave: Salary for Sabbatical Leave may be paid in two (2) equal installments, without the necessity of posting an indemnity bond.
No lien/bond executed to retain a substantive post with present employer will be binding upon the Corporation and no Leave Salary or Pension Contribution will be made.