Page 9 - Phil Reddin Financial Services Ltd DRAFT V1

Weekly Rest Periods All employees must take a rest period of at least 24 consecutive hours in
each period of seven days.

All branches will remain fully operational from 09:30am to 5pm each day. Breaks and lunch breaks
must be staggered to there is no disruption to customer service.
2.11 PAYMENT TERMS
The Company aims to maintain a compensation (wages/salary, employee benefits, annual leave, etc.)
system that is fair and internally equitable. Rates of pay are determined based on National
Agreements, job requirements, the competencies required to do the job, the performance of the
Company and the economic and commercial environment within which it operates.
Your remuneration is specified in your Contract of Employment. Pay reviews in the Company are based
on four main principles, 1) National Wage Agreement, 2) Ability to pay, 3) Performance of employee
during the year, 4) position against market. A review, where applicable, will only be conducted for
those employees who have successfully completed their probation periods and who are not subject
to the company's disciplinary procedure.

2.11.1 Payment of Wages Act Consent
This Agreement constitutes your prior written consent in writing to all deductions or payments under
the Payment of Wages Act, 1991 as are contemplated by your contract of employment or this
Employee Handbook.

2.11.2 Overtime
The company must be responsive to the needs of our customers. Consequently, employees may be
required to work a reasonable amount of overtime. Such overtime working must not conflict with the
Organisation of Working Time Act 1997, in particular legislation on working hours and rest periods.
The principles of the Act must carry through into our work practices. All overtime must be worked in
accordance with the principles of the Organisation of Working Time Act 1997.
The Company continues to look at ways and means of improving the work/life balance of our
employees, bearing this in mind we need to ensure that the legislation of working hours and rest
periods are applied.

Overtime is scheduled at Manager’s discretion and is subject to their authorisation. Management
reserves the right to determine the duration of overtime and the number of employees required to
work same. It is recognised that overtime working is not compulsory, but employees agree to co-
operate in working reasonable amounts of overtime as deemed necessary by management to meet
business and customer requirements.

For all other staff members (part-time, fixed-hours, flexi-time and weekend staff) any overtime hours
worked will be paid at the normal rate of pay as stated on the contract of employment.

2.11.3 Pay Periods
All employees are required to register their start and end times and break times on a daily basis using
the relevant local system/procedures.
Your pay period and whether you are paid weekly in arrears or monthly at month end is determined
by your class of employment within the Company (full-time, part-time, flexi-hours, etc.) and is stated
on your Contract of Employment.

2.11.4 Public Holidays
See Section 4.1.5 of this handbook.

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