Advanced Holiday Pay
Please complete this section if you wish to have your holiday pay included in your weekly wages. If you wish to accrue holiday pay please leave blank.
To Exact Payroll Ltd:
I wish to take up employment with Exact Payroll Ltd. I understand that as an employee, I have a statutory entitlement to paid annual leave.
I understand that in order to fund my entitlement to paid annual leave, it will be necessary for Exact Payroll Ltd to set aside a reserve fund from the profits of my department, and that setting aside such a provision will reduce the sums which might otherwise be available to be paid to me as discretionary profit sharing bonus.
I understand that you are willing on my request to make advances to me from such reserve fund, on the understanding that such advances shall be repaid by deduction from pay during annual leave, as and when I take such leave.
I request you to make advances to me from such reserve fund, and agree that such advances shall be repaid by deduction from pay during annual leave, as and when I take such leave. I understand that repayment of these advances may result in no net sums being actually received by me between annual leave. I understand that I have the right at any time to ask you to cease making such advances to me.