Template: Agreement to Cash Out Annual Leave

If you and your employee agree to cash out an amount of the employee’s accrued annual leave, you must pay the employee at least the full amount they would have been paid had they taken the leave (including any payable leave loading). You must ensure that it is legal to cash out the employee’s leave under the applicable industrial instruments.

This template will help you to quickly and easily put together an agreement for cashing out an employee’s leave entitlement. To complete this template, replace the red text with the relevant information and customise to your situation and workplace. Add your company logo and carry out due process.