Entitlement to cash out annual leave Sample Clauses

Entitlement to cash out annual leave. An employee may request in writing to forgo an amount of annual leave and to receive payment of that amount in lieu of taking the leave. Payment is conditional on the Company agreeing to the request. During each 12 month period an employee can not forgo more than 2 weeks of accrued annual leave
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Entitlement to cash out annual leave. Subject to the agreement of the company, in each 12 month period a full-time or part-time employee may elect in writing to forgo up to two weeks of accrued annual leave and receive payment in lieu thereof.
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Entitlement to cash out annual leave. An employee is entitled to forgo an entitlement to take an amount of annual leave credited to the employee by the Company if:
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Entitlement to cash out annual leave. 15.2.1 The Credit Union encourages employees to take their annual leave on a regular basis and will put in place strategies to avoid the accumulation of excessive amounts of annual leave as a result of insufficient employee levels or other business strategies. However, to deal with excessive annual leave accrual, the following provisions will apply during the nominal life of this Agreement.
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Entitlement to cash out annual leave. (a) UNSW encourages all staff to utilise their annual leave entitlements. However, UNSW also recognises that there may be individual circumstances in which an Employee wishes to cash out a portion of their accrued annual leave entitlement.
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Entitlement to cash out annual leave. During each twelve (12) month period, an employee shall be entitled to apply in writing to the employer, to forego up to 1/26th of the nominal hours worked by an employee for the employer during the period. A maximum of 2 weeks annual leave can be cashed out in any twelve (12) month period. The employee is entitled to receive payment in lieu of the amount of annual leave foregone at a rate that is no less than the employee’s ordinary rate of pay at the time that the election is made. The employer shall be able to authorise the foregoing of annual leave but shall not be able to require the employee to forego an entitlement of annual leave.
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Entitlement to cash out annual leave. The option to cash-out annual leave is available to permanent employees only, and only applies to annual leave accrued from 27 March 2006. Subject to the above, a permanent employee paid under this Agreement may apply to cash-out accrued annual leave equal to a maximum of 1/26 of their nominal working hours during a 12 month period. For a full-time employee, the maximum amount would be 2 weeks. (This example assumes 1976 ordinary hours per year. 1/26 of 1976 is 76 hours, or 2 weeks). Under this cash-out arrangement, the payment received will be in lieu of the employee’s entitlement to take an amount of leave, and the Company will deduct that amount from the employee’s annual leave accrual. Applications to cash-out annual leave must be made in writing using the appropriate Payroll form. The Company reserves the right to approve or refuse an application to cash-out annual leave. Approval will not be unreasonably withheld
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Entitlement to cash out annual leave. From a health and well-being perspective, staff are encouraged to have a reasonable break from work. However, it is recognised that in some circumstances, cashing out of leave may be of benefit to employees. An employee may request to receive payment in lieu of an entitlement to annual leave. Annual leave must not be cashed out if the cashing out would result in the employee’s remaining accrued entitlement to paid annual leave being less than four (4) weeks. All requests to cash out an entitlement to annual leave from employees must be in writing and the decision to approve or decline the request is at the absolute discretion of the Company. Employee health and well-being will be one of the considerations when a decision to approve or decline a request is made. The Company will not approve requests to cash out an entitlement to leave of more than two (2) weeks in any one year except in extraordinary circumstances. When an entitlement to leave is paid in lieu of taking the leave, payment shall be the full amount that would have been payable to the employee had the employee taken the leave that the employee has forgone.
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Related to Entitlement to cash out annual leave

  • Entitlement to Annual Leave For each year of service with the Employer a full-time or part-time Employee is entitled to four (4) weeks of paid annual leave.

  • Cashing out annual leave Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

  • Annual Leave Entitlement 35.1.1 Annual leave is provided for in the NES. It does not apply to Casual Employees. Except for Casual Employees and Shift workers, Employees will be entitled to four (4) weeks (152 hours) of paid annual leave for each year of service with the Company.

  • Taking Annual Leave (1) An employee may, on application approved by the Secretary, take annual leave in either of the following ways:

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Entitlement to Vacation Leave With Pay An employee is entitled to vacation leave with pay to the extent of his or her earned credits but an employee who has completed six (6) months of continuous employment may receive an advance of credits equivalent to the anticipated credits for the vacation year.

  • Entitlement to Leave An employee shall be granted Workers' Compensation leave with pay in the event that the Workers' Compensation Board (WorkSafe BC) determines that the employee has established a claim (time loss benefits) and they are unable to perform their duties by reason of the compensable injury which occurred while employed by the Employer. For the purposes of this clause, pay is defined as the employee's regular take-home wages to ensure that the non-taxable status of Workers' Compensation benefits does not provide an opportunity for an injured worker to earn more while on claim than if they were working. The term claim will not include any form of WCB allowance or pension, and this section will not be operative while an employee is receiving such a different form of payment from WCB arising from this claim.

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

  • Payment of Annual Leave on Termination On the termination of their employment, an employee will be paid their untaken or pro-rata annual leave.

  • Maximum Leave Entitlement Leaves taken under Clauses 20.2, 20.3 and 20.11 shall not exceed a total of 70 hours per calendar year, unless additional special leave is approved by the Employer.

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