Subject Index A - HSBC careers site

Leave arrangements for employees whose working pattern exceeds 7 hours per day,
or who are working a recognised shift pattern, may vary. These arrangements will be
advised to you at the time of introduction of the working pattern.
For employees who commenced employment on or after 1/5/07, and all other
employees with effect from the holiday year commencing 1/1/08, holiday entitlement
will be as follows:-
Global Career Band
Paid leave (working days)
GCB 1 and 2 30
GCB 3 and 4 28
GCB 5,6,7 and 8 25
If you joined the company prior to 1/5/07 and your leave entitlement, when calculated
on the basis of complete calendar years’ service (or any protected contractual
arrangement resulting from a previous transfer of employment), is greater than the
leave entitlement applicable to your Job Band (see above tables), the greater
entitlement will apply.
1.7.2 Promotion
On promotion any increase in holiday entitlement will be adjusted pro-rata for the
remainder of the holiday year.
1.7.3 Key Time Employees
Employees whose normal hours are less than 35 hours per week are entitled to paid
holiday which is proportional to their normal hours, when compared to the holiday
entitlement for a full time employee.
Individual entitlement will be set out in your offer letter or will be notified to you by
your line manager.
1.7.4 Commencing or leaving employment during the holiday year
If your employment starts or finishes part way through the Company’s holiday year
your holiday entitlement will be directly proportional to the actual period worked
during that holiday year.
If it is not operationally practical for you to take your accrued holiday entitlement
prior to termination of employment, the Company will make an equivalent payment to
you in your final salary, unless your employment is terminated by reason of gross
misconduct or if you fail to give appropriate notice. The Company will also deduct an
equivalent sum from your final salary payment for any holiday taken in excess of your
entitlement or, if this is not possible, the Company reserves the right to withdraw an
equivalent sum from your HSBC bank account within one month of the termination of
your employment or to request that you repay the sum on demand. If the Company
intends to withdraw any such sum from your HSBC bank account it will write to you,
at your last recorded address, informing you of the amount that will be withdrawn.
The Company will give you an opportunity to discuss the proposed withdrawal, and
will take into account your personal circumstances prior to determining a repayment
schedule.
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