Cashing Out Long Service Leave. Employees who are eligible to access their accruals of long service leave (i.e. after seven (7) years’ service) may apply, to the employer, in writing to “cash out” a proportion of such leave instead of taking leave. Provided that:
Cashing Out Long Service Leave. (a) An employee who has a long service leave accrual in excess of three (3) months may apply to convert part of that amount to a monetary equivalent of long service leave.
Cashing Out Long Service Leave. 39.5.1 Subject to the approval of the Director, Human Resources, a Staff Member may cash out accrued LSL, provided that the Staff Member retains 487.5 hours (65 days) of accrued LSL.
Cashing Out Long Service Leave. Employees with 7 or more years of service may apply to cash out a portion of their accrued long service leave under the following conditions: • The application will be in writing. • Employees must have at least 9.1 weeks of long service leave remaining after they have cashed out a portion of their long service leave. • Employees may make such an application at a time/s each year designated by the Company or in conjunction with taking a period of long service leave. In considering the employee’s application, the Company will take into account the potential impact on the employee in terms of workplace health and safety. The cashed out long service leave forms part of the employee’s taxable income for the year, therefore, the Company will deduct the relevant amount for taxation purposes. Employees who cash out long service leave will have that amount of leave deducted from their balance.
Cashing Out Long Service Leave. An employee who has a long service leave accrual in excess of 3 months may apply to convert that amount in excess of three months to a monetary equivalent of long service leave. This subclause will override any provision of the New South Wales Long Service Act 1955 which is inconsistent with this clause.
Cashing Out Long Service Leave. After ten years’ service with the Employer, a Principal may elect to ‘cash out’ a portion of their long service leave as follows:
Cashing Out Long Service Leave. Employees are entitled to cash out their accrued long service leave after becoming eligible for long service leave on compassionate grounds or on the ground of financial hardship.
Cashing Out Long Service Leave. By written approval of a Managing Director an employee’s accrued long service leave may be paid out (equivalent benefit) instead of taken.
Cashing Out Long Service Leave. After ten years service with the Employer, an Employee may elect to ‘cash out’ a portion of their long service leave as follows:
Cashing Out Long Service Leave. All Employees Where an Employee has an entitlement to long service leave and takes leave in accordance with the Long Service Leave Act 1955 (NSW) the Employee and the Employer may agree that, in addition to payment for the long service leave taken, the Employee may be paid an amount in lieu of any additional long service leave accumulated by the Employee which is in excess of their entitlements under that Act. Any payment arising from the conditions applicable in this subclause will be paid by the Employer upon commencement of the Employee’s long service leave.
