Purchased Leave definition

Purchased Leave means a form of additional paid leave whereby an employee elects to purchase up to a maximum of four weeks additional paid leave per year, by having the employer set aside a portion of their weekly wage, for a period of up to 12 months prior to clearing the additional leave, equal to the value of the additional paid leave.
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Purchased Leave means an entitlement whereby employees (other than Casual Employees) may have access to between one (1) and four (4) weeks unpaid leave per year, on a planned basis, in addition to Annual Leave and other entitlements. Redundancy has the meaning given to that term in the Redundancy Provisions.
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Purchased Leave means additional annual leave funded through the reduction of ordinary salary rate by the number of weeks of purchased leave and annualised at a pro rata rate over a twelve month period.
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Examples of Purchased Leave in a sentence

  • The leave must be taken in the 12 month period specified in the Purchased Leave Agreement and will not attract any leave loading.

  • The purchased leave cannot be accrued and the dollar value of unused leave will be refunded where it has not been taken in the 12 month Purchased Leave Agreement period.

  • The purchased leave will be funded through the reduction in the Employee's ordinary rate of pay for the 12 month period of the Purchased Leave Agreement.

  • All other leave taken during the 12 month Purchased Leave Agreement period i.e. including sick leave, annual leave, extended leave or leave in lieu, will be paid at the purchased leave rate of pay.

  • The reduced rate of pay for the period of the Purchased Leave Agreement (purchased leave rate of pay) will be the Employee's ordinary annual salary rate less the number of weeks of purchased leave multiplied by the Employee's ordinary weekly rate of pay, annualised at a pro rata rate over the 12 month period.

  • Maritime Employees may apply to enter into a Purchased Leave Agreement with the Employer to purchase either 10 days (2 weeks) or 20 days (4 weeks) additional leave in a 12 month period.

  • Salaried Employees and Professional Engineers may apply to enter into a Purchased Leave Agreement with the Employer to purchase either 10 days (2 weeks), 15 days (3 weeks) or 20 days (4 weeks) additional leave in a 12 month period.

  • He also was head of the Department of Law, head of the School of Oriental and African Studies, and director of the Institute of Advanced Legal Studies.

  • The Employer may grant Purchased Leave, subject to operational requirements.

  • All other leave taken during the twelve-month (12) Purchased Leave Agreement period i.e. including sick leave, recreation leave, extended leave or leave in lieu, will be paid at the purchased leave rate of pay.


More Definitions of Purchased Leave

Purchased Leave means additional annual leave funded through the reduction of ordinary salary rate by the number of weeks of purchased leave and annualised at a pro rata rate over a 12 month period. "Union" shall mean the Amalgamated AWU (SA) State Union.
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Related to Purchased Leave

  • Parental leave means leave to bond and to care for a newborn child after birth or to bond and care for a child after placement for adoption or xxxxxx care, for a period of up to sixteen (16) weeks after the birth or placement.

  • parental bereavement leave means leave under section 80EA of the Employment Rights Act 1996;

  • FMLA Leave means a leave of absence, which the Company is required to extend to an Employee under the provisions of the FMLA.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • maternity leave means a period during which a woman is absent from work because she is pregnant or has given birth to a child, and at the end of which she has a right to return to work either under the terms of her contract of employment or under Part 8 of the Employment Rights Act 1996;

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Paid leave means time away from work by an employee for which the employee receives compensation, and is limited to sick time, vacation time, compensatory time and leave that is provided as an aggregate amount for use at the discretion of the employee for any of these same purposes. "Paid leave" does not include paid short-term or long-term disability, catastrophic leave or similar types of benefits.[PL 2005, c. 455, §1 (NEW).]

  • paternity leave means a period of absence from work on leave by virtue of section 80A or 80B of the Employment Rights Act 1996;

  • Reduced leave schedule means a leave schedule that reduces the usual number of hours per workweek, or hours per workday, of an employee.

  • Pregnancy Leave means leave taken for purposes related to giving birth and/or recovering therefrom.

  • Accumulated leave means the period of time that is accumulated under the Plan as leave during a work period.

  • statutory parental bereavement pay means a payment to which a person is entitled in accordance with section 171ZZ6 of the Social Security Contribution and Benefits Act 1992;

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Medical leave means leave of up to a total of 12 workweeks in a 12-month period because of an employee’s own serious health condition that makes the employee unable to work at all or unable to perform any one or more of the essential functions of the position of that employee. The term “essential functions” is defined in Government Code section 12926. “Medical leave” does not include leave taken for an employee’s pregnancy disability, as defined in (n) below, except as specified below in section 11093(c)(1).

  • Family leave means any leave taken by an employee from

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Bereavement Leave means "a leave of absence granted to an employee upon a death occurring in the employee's Immediate Family.”

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Military caregiver leave means leave taken to care for a covered servicemember with a serious injury or illness.

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Business Employees has the meaning set forth in Section 4.10(a).