Common use of Cash out of Annual Leave Clause in Contracts

Cash out of Annual Leave. An employee with a demonstrated reason (such as an exceptional circumstance) may request in writing, subject to the Company’s approval, to cash out an amount of credited annual leave of not more than 1/26 of the nominal hours worked by the employee for the Company during each 12 month period.

Cash out of Annual Leave. An a. The employee with a demonstrated reason (such as an exceptional circumstance) may request in writing, subject to the Company’s approval, to cash out an amount of credited accrued annual leave of not more than 1/26 of the nominal hours worked by provided that the employee for the Company during each 12 month periodretains an accrued annual leave entitlement of at least four (4) weeks.

Cash out of Annual Leave. An The employee with a demonstrated reason (such as an exceptional circumstance) may request in writing, subject to the Company’s approval, to cash out an amount of credited annual leave of not more than 1/26 of the nominal hours worked by the employee for the Company during each 12 month period.

Cash out of Annual Leave. An (a) The employee with a demonstrated reason (such as an exceptional circumstance) may request in writing, subject to the Company’s approval, to cash out an amount of credited annual leave of not more than 1/26 of the nominal hours worked by provided that the employee for the Company during each 12 month periodretains an accrued annual leave entitlement of at least four (4) weeks.