Common use of Annual Closedown Clause in Contracts

Annual Closedown. Where the Company closes down all or part of the business for the purposes of allowing annual leave in conjunction with the Industry Closedown Period the Company may during the closedown period elect to either: • Stand off without pay any employee who has not yet qualified for a full grant of annual leave; or • Stand off any employee who has not yet qualified for a full grant of annual leave and pay such employee at a rate of 3.17 hours for each thirty-eight (38) ordinary hours of continuous service up to the date of commencement of the closedown period. • Where the Company decides to closedown at the Christmas / New Year period for the purpose of giving the whole of the annual leave due to all, or the majority of employees then qualified for such leave the Company will give at least two (2) months notice to the employees of the intention to close-down.

Annual Closedown. Where the Company closes down all or part of the business for the purposes of allowing annual leave in conjunction with the Industry Closedown Period the Company may during the closedown period elect to either: • Stand off without pay any employee who has not yet qualified for a full grant of annual leave; or • Stand off any employee who has not yet qualified for a full grant of annual leave and pay such employee at a rate of 3.17 2.923 hours for each thirty-eight (38) ordinary hours of continuous service up to the date of commencement of the closedown period. • Where the Company decides to closedown at the Christmas / New Year period for the purpose of giving the whole of the annual leave due to all, or the majority of employees then qualified for such leave the Company will give at least two (2) months notice to the employees of the intention to close-down.

Annual Closedown. Where the Company closes down all or part of the business for the purposes of allowing annual leave in conjunction with the Industry Closedown Period the Company may during the closedown period elect to either: • Stand off without pay any employee who has not yet qualified for a full grant of annual leave; or • Stand off any employee who has not yet qualified for a full grant of annual leave and pay such employee at a rate of 3.17 2.77 hours for each thirty-eight thirty six (3836) ordinary hours of continuous service up to the date of commencement of the closedown period. • Where the Company decides to closedown at the Christmas / New Year period for the purpose of giving the whole of the annual leave due to all, or the majority of employees then qualified for such leave the Company will give at least two one (21) months month notice to the employees of the intention to close-down.

Annual Closedown. Where the Company company closes down all or part of the business for the purposes of allowing annual leave in conjunction with the Building and Construction Industry Christmas Closedown Period the Company may during the closedown period elect to either: • Stand off without pay any employee who has not yet qualified for a full grant of annual leave; or • Stand off any employee who has not yet qualified for a full grant of annual leave and pay such employee at a rate of 3.17 hours for each thirty-eight (38) ordinary hours of continuous service up to the date of commencement of the closedown period. • Where the Company company decides to closedown at the Christmas / New Year period for the purpose of giving the whole of the annual leave due to all, or the majority of employees then qualified for such leave the Company company will give at least two (2) months notice to the employees of the intention to close-down.

Annual Closedown. Where the Company closes down all or part of the business for the purposes of allowing annual leave in conjunction with the Industry Closedown Period the Company may during the closedown period elect to either: • Stand off without pay any employee who has not yet qualified for a full grant of annual leave; or • Stand off any employee who has not yet qualified for a full grant of annual leave and pay such employee at a rate of 3.17 three (3) hours for each thirty-eight six (3836) ordinary hours of continuous service up to the date of commencement of the closedown period. • Where the Company decides to closedown at the Christmas / New Year period for the purpose of giving the whole of the annual leave due to all, or the majority of employees then qualified for such leave the Company will give at least two (2) months notice to the employees of the intention to close-down.