@@ -199,16 +199,6 @@ For more details on GitLab's commitment to pay transparency, follow along on The
All [one-time bonuses](/handbook/total-rewards/incentives/) including Discretionary, Referral, and Working Group Bonuses where the intended value is awarded in USD will be converted to local currency using the set exchange rates above. This is a reversion of the prior policy put in place to use monthly rates with the reversion going into effect as of September 1, 2023. In the future, when we are able to put an efficient process in place for maintaining more up-to-date conversion rates in Workday, we will further revise this policy to use more current rates.
### Not paid in your local currency
Team members contracted through CXC or IT BV may have the option to be paid in USD or EUR when there is volatility in their local currency. This change can be made only once during your employment and only if CXC and payroll can support it. USD and/or EUR payment options are not available in all countries.
The conversion from local currency to USD or EUR will be calculated at the time of the update. All future salary adjustments will be based on the new currency amount, regardless of fluctuations in the local currency. This provides stable compensation for team members who opt into this arrangement.
If a team member is currently paid in a non-local currency, they may request to move back to their local currency. Once a team member has requested to move back to their local currency, this decision will be final.
Please reach out to People Operations via [HelpLab](https://helplab.gitlab.systems/esc?id=emp_taxonomy_topic&topic_id=c4b7f789474c069067429ee0026d4362) in order to understand if you are eligible to update your currency to USD or EUR and to initiate this process.
