AD RESOURCE 2 GROSS SALARY Sample Clauses

AD RESOURCE 2 GROSS SALARY. The turning in of gross salary shall be on grounds of a written arrangement on the reduction of the gross monthly salary by a fixed sum. The employee thereby has the following options: - a reduction during a period of 1 or 12 months starting in the month where the AVOM option commences. If the starting date holds consequences for pension or social security another starting date is possible; - a reduction of the gross salary in the month that the vacation-leave money is paid; - if the turning in of gross salary is for the purchase of the objects `Bicycle programme' or `Study costs' (see paragraph 4) the period can also be 24 or 36 months starting in the month where the AVOM option commences, or the reduction can take place in the month of May or December of 2 or 3 consecutive years; - if the contribution of gross salary is for the acquisition of the object `travel expenses residence- work', the reduction takes place starting in the month where the AVOM option commences until written notice of termination by the employee or the termination by the employer due to the cancellation of the basis for travel expenses residence. Subsequently the employee does not need to submit an application each year to exchange the same terms of employment; The following conditions are attached to the options: - the period cannot extend beyond the end date of employment; - the sum of the remaining monthly gross salary and allowances after reduction may not amount to less than the statutory minimum wage; - an arrangement for reducing the gross salary leads to a lower vacation-leave pay, but this arrangement may not lead to a vacation-leave pay lower than the minimum sum of vacation-leave pay; - the turning in of resource gross salary for the object ravel expenses residence –work is only possible with a permanent reduction in each month. 4 THE OBJECTS AVOM has the following objects: Object 1: vacation-leave hours; Object 2: money; Object 3: reduction of travel expenses residence-work/Bicycle programme; Object 4: reduction of the employee contribution to study expenses; Object 5: Union Dues;
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