Common use of School Allowance Clause in Contracts

School Allowance. During the term of this Agreement, the Executive shall be entitled to receive an annual allowance of CHF 55,000 per child in school fees for his children to attend an international school in Switzerland until the completion of secondary education.

School Allowance. During the term of this Agreement, the Executive shall be entitled to receive an annual allowance reimbursement of CHF 55,000 per child in 100% of actual school fees for his children to attend an international school in Switzerland until the completion of secondary education.