Leave Trading Sample Clauses

Leave Trading. (a) By written agreement with the Managing Director an employee working FHA may forgo one, two, three, or four weeks’ Professional Allowance Leave in a calendar year. The employee will be paid an additional 2% of salary for each week of leave forgone. The additional salary will be paid for the duration of the calendar year in which the forgone leave was an entitlement. (b) For each week of leave foregone the lecturer will be required to work an additional week during which up to an additional 21 traditional lecturing hours may be worked in accordance with the principles of subclause 37.3 (e). (c) By written agreement with the Managing Director an employee working FHA may take an additional one, two, three, or four weeks’ Professional Allowance Leave in a calendar year. The employee will forgo 2% of their salary for the duration of the calendar year in which the additional week of leave is taken. (d) The number of traditional lecturing hours that can be worked will decrease by 21 for each additional week of leave purchased. ARD and PA will also decrease accordingly. (e) An employee who does not complete the calendar year to which a leave trading agreement pertains will have a reconciliation completed as at the date of termination on a pro rata basis. Any adjustment in favour of the employee, or the employer, will be made in the employee’s termination pay.