Common use of Selection model Clause in Contracts

Selection model. The choices consist of exchanging: a time for time b money for entitlements in kind or extra pension entitlements c money for leave under the life-course savings scheme subject to the statutory limits and the provisions of Appendix Q. 3 The exchange of time shall only apply to entitlements in time that have been accrued since 1 January 2002. The normal rules with respect to taking leave and payment for leave shall apply for entitlement to leave that existed on that date.