The yield-to-maturity (YTM) of a bond is another way of considering a bondâs price. YTM is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate.
Getting paid instead of taking holidays. The only time someone can get paid in place of taking statutory leave (known as âpayment in lieuâ) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct). If an employer offers more than 5.6 weeksâ annual leave, they can agree separate arrangements for the extra leave.
The law prohibits payment in substitution of leave whether you as an employee agree or not. The leave days are meant to provide an employee time off to relax, so that you can come back to work with a fresh mind and full of energy.Annual leave becomes payable only upon termination/resignation or expiration of a contract and when the employee has accrued a number of leave days.he duration of annual leave is 28 days and it is inclusive of the weekly rest period and all public holidays falling therein. Annual leave is covered under Sub Part D of Part III of the Employment and Labour Relations Act, No. 6 of 2004. I am a temporary worker.