Common use of Cash in Lieu Clause in Contracts

Cash in Lieu. Employees enrolled in Package C will receive a payment of twelve hundred ($1,200) at the end of the fiscal year (prorated if they are employed for less than a full year or if they are only eligible for partial coverage for only part of the year) less the cost of the life insurance premium.

Cash in Lieu. Employees enrolled in Package C will receive a payment of twelve hundred Twelve Hundred ($1,2001,200.00) Dollars at the end of the fiscal year (prorated if they are employed for less than a full year or if they are only eligible for partial coverage for only part of the year) less the cost in lieu of any other benefits under Package A or B. The amount of the life insurance premiumpremium will be deducted from the aforementioned amount.