Common use of Cash Option Clause in Contracts

Cash Option. An employee shall have the option of exchanging five (5) days of her annual vacation for two (2) percent of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 31); or (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16. (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. An employee shall have the option of exchanging five (5) days of her annual vacation for two (2) percent of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 31); oror‌ (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16Clause 16.2. (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. ‌ An employee shall have the option of exchanging five (5) days of her annual vacation for two (2) percent of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 31); or (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 1616.2. (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. ‌ An employee shall have the option of exchanging five (5) days of her their annual vacation for two (2) percent % of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 3131st); or (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16Clause 16.2 (Earning of Annual Vacation - Full Fiscal Year of Employment). (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. An employee shall have the option of exchanging five (5) days of her annual vacation for two (2) percent of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 31); or (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16Clause 16.2. (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. An employee shall have the option of exchanging five (5) days of her their annual vacation for two (2) percent % of gross salary earned during that fiscal year, which shall be paid: (a) : at the end of the fiscal year (March 3131st); or (b) or at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) : Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16. Clause 16.2 (2) Earning of Annual Vacation - Full Fiscal Year of Employment). The cash option shall be calculated on the basis of gross salary earned during the fiscal year.

Cash Option. ‌ An employee shall have the option of exchanging five (5) days of her annual vacation for two (2) percent of gross salary earned during that fiscal year, which shall be paid: (a) at the end of the fiscal year (March 31); or (b) at such earlier time at which the employee chooses to take at least five (5) days of annual vacation. The cash option shall be calculated on the following basis: (1) Employees who choose the cash option shall forfeit five (5) days of the annual vacation to which they are entitled under Article 16. (2) The cash option shall be calculated on the basis of gross salary earned during the fiscal year.