HI Chatterjee,
I would like to explain you with an example,
Say emp-A (as senior Engineer) joined the company in Jan 2008 probably before 15th of Jan,
for that month we will have almost 1.5 days to his leave credit (i.e - 0.5 days of EL, CL, SL)
if he avails 1 day of leave due to sickness, he can apply for 0.5days of CL and 0.5 days of SL (EL cannot be taken as half day)
If he takes 1.5 days of leave during the month of Jan, then 0.5 days becomes LOP for emp-A.
This is being followed as a precautionary measure since as we directly credit 24 days of leave in the begining of the year and if the emp plans to leave by may he might exhaust all the leave and this will not hold good for the company.
And as EL can be encashed or carried forward and SL could be carried forward as special SL everyone feels comfortable with this.
every last month of the quarter, employees will be credited with 3 days of leave 1 - EL, 1-Sl, 1- CL; and the unused leave gets accumulated in his a.c.
Hope this might answer your query incase if you need any clarifications pls do revert back.
Many Thanks.
Regards,
Priya