Post by fatma on May 23, 2013 16:45:01 GMT
Dear all,
I'm a bit confused by the below statement.
can you please let me know in which currency I'll be paid if I'm not a british national, but do have point of origin in the UK ?
does it mean that I need to be UK national and have point of origin in the UK, or one single condition should be sufficient ? (having a UK Point of Origin) to be aid in GBP ?
Currency of Payment.
EMPLOYEE’s of UK nationality and point of origin: earnings are payable in Pounds
Sterling except that for convenience EMPLOYEE may elect each monthly payment,
in whole or in part, in Saudi Riyals in which event the exchange rate shall be
COMPANY's official exchange rate as of the first day of the month of the pay period.
EMPLOYEE’S of non-UK nationality and point of origin: EMPLOYEE’S earnings are
calculated in Pounds Sterling and are payable entirely in Saudi Riyals with a
protected exchange rate, as applicable. The protected exchange rate is established
at the time of hire. Under exchange rate protection, base salary and the annual
Benefits Supplement are converted at the COMPANY official exchange rate (as of the
first day of the month of the pay period) or at the EMPLOYEE’S protected rate,
Sterling Payroll Attachment A (Feb. 2012)
Page 3 of 10
whichever is higher. All other monthly earnings components are converted at the COMPANY official exchange rate.
I'm a bit confused by the below statement.
can you please let me know in which currency I'll be paid if I'm not a british national, but do have point of origin in the UK ?
does it mean that I need to be UK national and have point of origin in the UK, or one single condition should be sufficient ? (having a UK Point of Origin) to be aid in GBP ?
Currency of Payment.
EMPLOYEE’s of UK nationality and point of origin: earnings are payable in Pounds
Sterling except that for convenience EMPLOYEE may elect each monthly payment,
in whole or in part, in Saudi Riyals in which event the exchange rate shall be
COMPANY's official exchange rate as of the first day of the month of the pay period.
EMPLOYEE’S of non-UK nationality and point of origin: EMPLOYEE’S earnings are
calculated in Pounds Sterling and are payable entirely in Saudi Riyals with a
protected exchange rate, as applicable. The protected exchange rate is established
at the time of hire. Under exchange rate protection, base salary and the annual
Benefits Supplement are converted at the COMPANY official exchange rate (as of the
first day of the month of the pay period) or at the EMPLOYEE’S protected rate,
Sterling Payroll Attachment A (Feb. 2012)
Page 3 of 10
whichever is higher. All other monthly earnings components are converted at the COMPANY official exchange rate.