Common use of Wages in a foreign currency Clause in Contracts

Wages in a foreign currency. The employee and the employer may agree that a part of the regular monthly wage is to be paid in a foreign currency or that a part of the regular monthly wage may be linked to the exchange rate of a foreign currency. The selling rate of the currency should be used for reference on the date when the agreement between the employee and the employer was made. Regular monthly wages shall be calculated and stated on the payslip as follows:

Appears in 5 contracts

Samples: www.landssamband.is, www.vr.is, www.fvsa.is

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Wages in a foreign currency. The employee and the employer may agree that a part proportion of the regular monthly wage is to be paid in a foreign currency or that a part proportion of the regular monthly wage may be linked to the exchange rate of a foreign currency. The selling rate of the currency should be used for reference on the date when the agreement between the employee and the employer was made. Regular monthly wages shall be calculated and stated on the payslip as follows:

Appears in 3 contracts

Samples: Collective Wage Agreement, Collective Wage Agreement, Collective Wage Agreement

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Wages in a foreign currency. The employee and the employer may agree that a part of the regular monthly wage is to be paid in a foreign currency or that a part of the regular monthly wage may be linked to the exchange rate of a foreign currency. currency The selling rate of the currency should be used for reference on the date when the agreement between the employee and the employer was made. Regular A fixed monthly wages wage shall be calculated and stated on the payslip as follows:

Appears in 1 contract

Samples: Collective Wage Agreement

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