Common use of Financial Compensation Clause in Contracts

Financial Compensation. ▪ In derogation from the law on this matter, the employer does not pay wages or salary for days on which the employee takes leave as described in clauses 3.6.1, 3.6.2 and 3.6.3. In compensation, the employee receives 24 hours’ equivalent pay per calendar year via his or her personal budget. If the employee works part time, the number of hours of leave is calculated in proportion to the employee’s contracted working hours. The compensation does not depend on the number of hours of leave the employee actually takes. ▪ Exception: if the employee is seriously ill or has had a serious accident and, as a result, it appears that the employee will need to take more than 24 hours’ leave in a year, the employer and the employee will, together, endeavour to find a suitable solution for this situation. If the employee concerned is being treated by a doctor or therapist, the following applies in any case. From the 25th hour that the employee needs to take leave for his or her treatment, the employer pays at least 50% of the fixed agreed wage or salary.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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