Purchased Leave definition

Purchased Leave means a form of additional paid leave whereby an employee elects to purchase up to a maximum of four weeks additional paid leave per year, by having the employer set aside a portion of their weekly wage, for a period of up to 12 months prior to clearing the additional leave, equal to the value of the additional paid leave.
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Purchased Leave means an entitlement whereby employees (other than Casual Employees) may have access to between one (1) and four (4) weeks unpaid leave per year, on a planned basis, in addition to Annual Leave and other entitlements. Redundancy has the meaning given to that term in the Redundancy Provisions.
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Purchased Leave means additional annual leave funded through the reduction of ordinary salary rate by the number of weeks of purchased leave and annualised at a pro rata rate over a 12 month period. "Union" shall mean the Amalgamated AWU (SA) State Union.
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Examples of Purchased Leave in a sentence

  • Purchased Leave may not be used to break a period of Long Service Leave.

  • The Employer may grant Purchased Leave, subject to operational requirements.

  • The statement outlining the impact that a purchased leave arrangement has on salary and other entitlements will form part of the Request for Purchased Leave Application to be signed by the Employee.

  • The amount deducted will correspond with the amount of Purchased Leave.

  • The existing leave entitlements for the following will be preserved for the life of the Agreement: • Parental Leave • Long Service Leave • Recreation Leave • Purchased Leave.

  • In this case, the employee will be refunded the salary deductions made less any Purchased Leave already taken.

  • This option is only available where the employee is not also participating in the Purchased Leave system in that year.

  • An application for Purchased Leave will include the dates for the period of leave and will be subject to approval at the absolute discretion of Calvary.

  • The employee is entitled to pay in lieu of any Purchased Leave not taken.

  • In the event that the employee is unable to take such Purchased Leave, their salary will be adjusted in the last pay period in February to take account of the fact that time worked during the year was not included in their salary.


More Definitions of Purchased Leave

Purchased Leave means additional annual leave funded through the reduction of ordinary salary rate by the number of weeks of purchased leave and annualised at a pro rata rate over a twelve month period.
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Related to Purchased Leave

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.