RDO Banking Clause Samples
The RDO Banking clause establishes the procedures and requirements for handling banking transactions related to the RDO (likely "Revenue Deposit Order" or a similar financial instrument) within the context of the agreement. It typically outlines how funds are to be deposited, managed, and withdrawn from designated accounts, and may specify the responsibilities of each party in maintaining accurate records and ensuring timely transfers. This clause ensures that all financial operations connected to the RDO are conducted transparently and efficiently, reducing the risk of disputes or mismanagement of funds.
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RDO Banking. An employee and the employer may agree to allow the employee to bank an accrued RDO that would otherwise be taken under one of the ways fixed under clause 28.4(a) and in the event the following will apply:
RDO Banking. The employer may consult and agree with the employee to accumulate a maximum of five (5) rostered day’s off, and may be used for low productivity periods.
RDO Banking. By agreement with their line Manager, an employee may accrue up to five (5) days, or by mutual agreement a maximum of ten (10) RDOs per year. By mutual agreement accrued days can be taken as one or as a maximum block of 5. Notice of either 2 weeks or by mutual agreement shall be given to the Company by the employee. Accumulated RDO hours will be paid to an employee on termination of their employment at the appropriate rate. Accumulated RDO’s must be taken within 12 months of being banked. The Company may elect to call for a fixed RDO.
RDO Banking. By agreement with their line Manager, employees may accrue up to five (5) days, or by mutual agreement, a maximum of ten (10) RDO’s per year.
RDO Banking i An employee and the Company may agree to allow the employee to bank an accrued RDO that would otherwise be taken under one of the ways fixed under this clause and in that event the following will apply: • The number of accrued RDOs banked will not exceed five at any time. • If an accrued RDO is banked, an employee is required to work on the day the employee’s RDO was otherwise fixed under this clause. In that event clause (g) below does not apply.
RDO Banking. An Employee and the Company may agree to allow the Employee to bank an accrued RDO that would otherwise be taken. However, the number of accrued RDO’s banked must not exceed five (5) days at any time.