It depends.
Split Earnings: If the earnings include any split (W, D) or partial split (P, S, Y), the transaction will be cancelled during batch processing. You should never use the ‘Leave As-Is’ option with split or partially split earnings.
Unsplit Earnings: If the earnings are not split (blank) or split refusal (X), then the ‘Leave As-Is’ option can be used and will not be cancelled during batch processing.