Common use of Cashing out of Annual Leave Clause in Contracts

Cashing out of Annual Leave. An Employee who has accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee to forgo the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, paid as a lump sum.

Appears in 3 contracts

Samples: Employee Collective Agreement, Workplace Agreement, www8.austlii.edu.au

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Cashing out of Annual Leave. An Employee who has accrued 51.1 By written agreement between an employee and their manager, employees may cash out one providing the employee retains at least 12 months service with 4 weeks accrued annual leave after the Employer and providing cashing out. Payment will be the Employer authorizes full amount that would have been payable to the Employee to forgo employee had the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, paid as a lump sumemployee taken the leave that the employee has foregone.

Appears in 2 contracts

Samples: Securities and Investments Commission, Securities and Investments Commission

Cashing out of Annual Leave. (a) An Employee who employee may cash out their accrued annual leave entitlement, provided that the employee has accrued taken at least three weeks' annual leave in the previous 12 months service with month period, and the Employer and providing employee will still have at least four weeks' annual leave accrued after cashing out the Employer authorizes the Employee to forgo the desired amount of leave, an Employee may elect annual leave (in writing) to cash out up to 2 weeks annual leave, paid as a lump sumpro-rata for part time employees).

Appears in 2 contracts

Samples: financialservices.royalcommission.gov.au, financialservices.royalcommission.gov.au

Cashing out of Annual Leave. An 5.1.6 The Employee who has accrued at least 12 months service may, with the Employer and providing agreement of the Employer authorizes the Employee to forgo the amount of leaveEmployer, an Employee may elect (in writing) request to cash out up to 2 weeks of their accrued annual leave, paid as a lump sumleave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee.

Appears in 2 contracts

Samples: Hawker Siddeley Switchgear, Collective Agreement

Cashing out of Annual Leave. An Employee who 53.13.1 Where an employee has accrued at least 12 months service with annual leave in excess of eight (8) weeks, then by mutual written agreement the Employer may pay the annual leave (and providing annual leave loading as applicable) in excess of eight weeks to the employee as a one-off cash payment, at the rate that would have been paid had the leave been taken. Superannuation contributions will be paid by the Employer authorizes in respect of the Employee period of annual leave to forgo the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, be paid as a lump sumout.

Appears in 2 contracts

Samples: msav.org.au, www.westernhealth.org.au

Cashing out of Annual Leave. An Employee who has (a) With mutual agreement between the employer and the employee, accrued annual leave may be cashed out by the employee. Employees must have at least 12 months service with the Employer and providing the Employer authorizes the Employee 6 weeks annual leave accrued to forgo the amount of leave, an Employee may elect (in writing) be eligible to cash out up to 2 leave. A maximum of two weeks annual leaveleave can be cashed out per year, paid as a lump sumand the employee must also take at least two weeks annual leave in the same 12 month period. The employee must retain an accrued annual leave balance of four weeks after the requested leave is cashed out.

Appears in 1 contract

Samples: www.fwc.gov.au

Cashing out of Annual Leave. An (a) The Employee who has accrued at least 12 months service may, with the Employer and providing agreement of the Employer authorizes the Employee to forgo the amount of leaveEmployer, an Employee may elect (in writing) request to cash out up to 2 weeks of annual leave, paid as a lump sumleave during each 12 month period of continuous service. Annual leave cannot be cashed out in advance of it being credited to the employee.

Appears in 1 contract

Samples: Employee Collective Agreement

Cashing out of Annual Leave. An Employee who has accrued By agreement between the employer and the employee in writing at least 12 months service with the Employer and providing the Employer authorizes the Employee to forgo the amount time, a maximum of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leaveleave may be cashed out in any one year. This will be done on a case by case basis taking account of the employee s leave balance and workplace health and safety requirements. To cash out annual leave an employee must have a balance of 4 weeks leave after cashing out. For employees other than full time, paid as cashing out will be calculated on a lump sumpro-rata basis.

Appears in 1 contract

Samples: Collective Agreement

Cashing out of Annual Leave. An Employee who (a) Where an employee has accrued at least 12 months service with annual leave in excess of eight (8) weeks, then by mutual written agreement the Employer may pay the annual leave (and providing annual leave loading as applicable) in excess of eight weeks to the employee as a one-off cash payment, at the rate that would have been paid had the leave been taken. Superannuation contributions will be paid by the Employer authorizes in respect of the Employee period of annual leave to forgo the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, be paid as a lump sumout.

Appears in 1 contract

Samples: Enterprise Agreement

Cashing out of Annual Leave. An Employee who has accrued at least 12 months service 6.1.4.1. The employee may, with the Employer and providing agreement of the Employer authorizes the Employee to forgo the amount of leaveemployer, an Employee may elect (in writing) request to cash out up to 2 weeks 1/26th of the nominal hours worked over a 12 month period of their annual leave, paid as a lump sumleave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee.

Appears in 1 contract

Samples: Collective Agreement

Cashing out of Annual Leave. An a. Where an Employee who has accrued at least 12 months service with annual leave in excess of eight (8) weeks, then by mutual written agreement the Employer may pay the annual leave (and providing annual leave loading as applicable) in excess of eight weeks to the Employee as a one-off cash payment, at the rate that would have been paid had the leave been taken. Superannuation contributions will be paid by the Employer authorizes in respect of the Employee period of annual leave to forgo the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, be paid as a lump sumout.

Appears in 1 contract

Samples: Enterprise Agreement

Cashing out of Annual Leave. (a) An Employee who has accrued at least 12 months service with may elect, and the Employer and providing the Employer authorizes the Employee to forgo the amount of leavemay agree, an Employee may elect (in writing) to cash out up to 2 weeks a particular amount of the Employee's accrued annual leave, paid as up to a lump summaximum of 2 weeks in any 12 month period.

Appears in 1 contract

Samples: www.fwc.gov.au

Cashing out of Annual Leave. An Employee who has By separate agreement in writing between the employer and an employee, annual leave may be cashed out only if the employee’s remaining accrued annual leave entitlement is at least 12 months service with 152 hours (4 weeks). When cashing out, the Employer and providing employee must be paid the Employer authorizes full amount that would have been payable to the Employee to forgo employee had the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks employee taken the annual leave, paid as a lump sumleave foregone.

Appears in 1 contract

Samples: Enterprise Agreement

Cashing out of Annual Leave. An Employee who has After you have accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee to forgo the amount of leaveEmployer, an Employee you may elect (in writing) to cash out up to 2 weeks annual leave, paid as a lump sumsum (Refer to Attachment B for the Election to cash out form).

Appears in 1 contract

Samples: www8.austlii.edu.au

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Cashing out of Annual Leave. An After an Employee who has accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee to forgo the amount of leave, an the Employee may elect (in writing) to cash out up to 2 weeks annual leave, paid as a lump sum.

Appears in 1 contract

Samples: Employee Collective Agreement

Cashing out of Annual Leave. An Employee who has After you have accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee you to forgo the amount of leave, an Employee you may elect (in writing) to cash out up to 2 weeks annual leaveleave per annum, paid as a lump sum.

Appears in 1 contract

Samples: Collective Agreement

Cashing out of Annual Leave. An 5.1.5 The Employee who has accrued at least 12 months service may, with the Employer and providing agreement of the Employer authorizes the Employee to forgo the amount of leaveEmployer, an Employee may elect (in writing) request to cash out up to 2 weeks of their accrued annual leave, paid as a lump sumleave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee.

Appears in 1 contract

Samples: www8.austlii.edu.au

Cashing out of Annual Leave. An Employee who has accrued at least 12 months service The employee, with the Employer and providing agreement of the Employer authorizes the Employee to forgo the amount of leaveemployer, an Employee may elect (in writing) to cash out up to 2 weeks of their annual leave, leave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee. Employees who wish to cash out annual leave must submit a request in writing to do so to the employer. Cashed out annual leave will be paid as a lump sumat the rate of pay that the employee receives at the time when the request is submitted and approved. A minimum balance of 4 weeks leave must be accrued before any leave can be cashed out.

Appears in 1 contract

Samples: Certified Agreement

Cashing out of Annual Leave. 5.1 An Employee who has accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee to forgo the amount of leave, an Employee may elect (in writing) request to cash out up to 2 weeks 75 hours of their accrued annual leave, paid as a lump sumleave entitlement every 12 months. This must be requested in writing to the General Manager.

Appears in 1 contract

Samples: Workplace Agreement

Cashing out of Annual Leave. An Employee employee, who has an accrued at least 12 months service with the Employer and providing the Employer authorizes the Employee annual leave entitlement in excess of 8 weeks, may make an application to forgo the amount ‘cash out’ a period of leave, an Employee may elect (in writing) to cash out up to 2 weeks paid annual leave. The Company may approve such application, paid as a lump sum.at its discretion, subject to the following:

Appears in 1 contract

Samples: Casual Employees

Cashing out of Annual Leave. An Employee who has After you have accrued at least 12 months service with the Employer employer and providing provided the Employer employer authorizes the Employee you to forgo the amount of leave, an Employee you may elect (in writing) to cash out up to 2 weeks annual leave, paid as a lump sum.

Appears in 1 contract

Samples: www8.austlii.edu.au

Cashing out of Annual Leave. An Employee who 40.12.1 Where an employee has accrued at least 12 months service with annual leave in excess of four weeks then by mutual written agreement the Employer may pay two weeks annual leave per year (and providing annual leave loading as applicable) in excess of four weeks to the employee as a cash payment. Superannuation contributions will be paid by the Employer authorizes the Employee in respect of annual leave to forgo the amount of leave, an Employee may elect (in writing) to cash out up to 2 weeks annual leave, be paid as a lump sumout.

Appears in 1 contract

Samples: The Agreement

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