PSL definition
Examples of PSL in a sentence
If an Employee is absent from work without the authorisation of the Company in any week during the Work Cycle the employee shall accrue a reduced amount of PSL for that cycle calculated on a pro-rata basis with regard only to those weeks where there was no unauthorised absence.
Because the Employee had one week with an unauthorised absence, they shall accrue forty (40) hours of PSL for that cycle, being four-fifths (4/5) of the available PSL entitlement.
Because the Employee had one week with an unauthorised absence, they shall accrue sixty (60) hours of PSL for that cycle, being five-sixths (5/6) of the available PSL entitlement.
Because the Employee had one week with an unauthorised absence, they shall accrue twenty-four (24) hours of PSL for that cycle, being three-quarters (3/4) of the available PSL entitlement.
The Servicer shall not commingle any PSL Revenues received by it with any of its own assets.