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) dollars as an annual stipend in lieu of any other benefits under Package A or B. An employee may choose to enroll in the life insurance. The amount of the life insurance will be deducted from that amount.

Cash in Lieu. Employees enrolled in Package C will receive a payment of twelve one hundred dollars ($1,200100) dollars as an annual stipend per month in lieu of any other benefits under Package A or B. An employee may choose to enroll in the life insurance. The amount of the life insurance Life Insurance will be deducted from that amount.