Common use of Anniversary Bonus Clause in Contracts

Anniversary Bonus. Employees shall be entitled to an anniversary bonus in accordance with the following rates, with employment periods served with the same employer being added up: at the 25th employment anniversary 1 monthly remuneration, at the 35th employment anniversary 2 monthly remunerations, at the 40th employment anniversary 3 monthly remunerations. The bonus shall be due and payable at the end of the month during which the employment anniversary falls. The monthly remuneration shall be calculated mutatis mutandis to Item 2 of Section 14. The bonus is subject to the reservation that, in exceptional cases, enterprises suffering from economic and financial problems may consider lower remunerations. For employees who entered their employment relationship prior to 1 April 2003 the following regulation shall apply: If the employment relationship is terminated between the employee’s 35th (thirty-fifth) and 40th (fortieth) year of service, a proportion of three monthly remunerations pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees who entered their employment relationship prior to 1 February 2012 the following regulation shall apply: If the employment relationship is terminated between the employee’s 25th (twenty-fifth) and 35th (thirty-fifth) year of service, a proportion of two monthly remunerations pro rata to the employment actually served during this ten-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees whose employment relationship ends after 1 February 2019 the following regulation shall apply: If the employment relationship is terminated between the employee’s 20th and 25th year of service a proporation of one monthly remuneration pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. Alternatively to the monetary entitlement, all employment anniversaries to the extent they fall due during a valid employment relationship may be converted into time credits if so requested by the employees. Conversion of such monetary entitlements shall be agreed in writing between employers and employees. Monetary entitlements (from the 35th or 40th employment anniversary may be converted, in part, into time credits. Such conversion shall, however, always include full monthly remunerations. The adjustment of existing works agreements shall be carried out by 30 June 2018 at the latest. Consumption of such time credits shall be agreed. If no agreement has been made on their consumption, employees shall have the right to unilaterally determine the time of consumption subject to a notice period of 6 (six) months. Time credits shall be consumed as a single entity, splitting them shall not be allowed. Regarding employment anniversaries after 1 February 2018, the time credit may be split, with the smallest part to be one month long. If a time credit is consumed directly prior to the person’s retiring on an old-age pension, it shall be appreciated by a factor 1.3 (one point three). The conversion of monetary entitlement into time credits shall not constitute an agreement on part-time employment. The basis for translating the monetary entitlement into a time credit shall be the monthly remuneration. For the time during which the time credit is consumed, the employee shall be entitled to continued remuneration (average of the last 3 (three) calendar months). Time credits left over at the end of an employment relationship shall be paid out to the extent not consumed. If the employment relationship is terminated by the death of the employee, non-consumed time credits shall be due to the legal heirs. If no persons have such claims then the amount due shall be paid into the estate. Any further regulations may be made by way of a works agreement.

Anniversary Bonus. Employees shall be entitled to an anniversary bonus in accordance with the following rates, with all employment periods served with the same employer group being added up: . This shall apply to anniversary bonuses due after 31 January 2024, with existing in-house regulations remaining valid. at the 25th employment anniversary 1 monthly remuneration, at the 35th employment anniversary 2 monthly remunerations, at the 40th employment anniversary 3 monthly remunerations. The bonus shall be due and payable at the end of the month during which the employment anniversary falls. The monthly remuneration shall be calculated mutatis mutandis to Item 2 of Section 14. The bonus is subject to the reservation that, in exceptional cases, enterprises suffering from economic and financial problems may consider lower remunerations. For employees who entered their employment relationship prior to 1 April 2003 the following regulation shall apply: If the employment relationship is terminated between the employee’s 35th (thirty-fifth) and 40th (fortieth) year of service, a proportion of three 3 (three) monthly remunerations pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees who entered their employment relationship prior to 1 February 2012 the following regulation shall apply: If the employment relationship is terminated between the employee’s 25th (twenty-fifth) and 35th (thirty-fifth) year of service, a proportion of two monthly remunerations pro rata to the employment actually served during this ten-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees whose employment relationship ends after 1 February 2019 the following regulation shall apply: If the employment relationship is terminated between the employee’s 20th and 25th year of service a proporation proportion of one 1 (one) monthly remuneration pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. Alternatively to the monetary entitlement, all employment anniversaries to the extent they fall due during a valid employment relationship may be converted into time credits if so requested by the employees. Conversion of such monetary entitlements shall be agreed in writing between employers and employees. Monetary entitlements (from the 35th or 40th employment anniversary may be converted, in part, into time credits. Such conversion shall, however, always include full monthly remunerations. The adjustment of existing works agreements shall be carried out by 30 June 2018 at the latest. Consumption of such time credits shall be agreed. If no agreement has been made on their consumption, employees shall have the right to unilaterally determine the time of consumption subject to a notice period of 6 (six) months. Time credits shall be consumed as a single entity, splitting them shall not be allowed. Regarding employment anniversaries after 1 February 2018, the time credit may be split, with the smallest part to be one month long. If a time credit is consumed directly prior to the person’s retiring on an old-age pension, it shall be appreciated by a factor 1.3 (one point three). The conversion of monetary entitlement into time credits shall not constitute an agreement on part-time employment. The basis for translating the monetary entitlement into a time credit shall be the monthly remuneration. For the time during which the time credit is consumed, the employee shall be entitled to continued remuneration (average of the last 3 (three) calendar months). Time credits left over at the end of an employment relationship shall be paid out to the extent not consumed. If the employment relationship is terminated by the death of the employee, non-consumed time credits shall be due to the legal heirs. If no persons have such claims then the amount due shall be paid into the estate. Any further regulations may be made by way of a works agreement.

Anniversary Bonus. Employees shall be entitled to an anniversary bonus in accordance with the following rates, with employment periods served with the same employer being added up: at the 25th employment anniversary 1 monthly remuneration, at the 35th employment anniversary 2 monthly remunerations, at the 40th employment anniversary 3 monthly remunerations. The bonus shall be due and payable at the end of the month during which the employment anniversary falls. The monthly remuneration shall be calculated mutatis mutandis to Item 2 of Section 14. The bonus is subject to the reservation that, in exceptional cases, enterprises suffering from economic and financial problems may consider lower remunerations. For employees who entered their employment relationship prior to 1 April 2003 the following regulation shall apply: If the employment relationship is terminated between the employee’s 35th (thirty-fifth) and 40th (fortieth) year of service, a proportion of three 3 (three) monthly remunerations pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees who entered their employment relationship prior to 1 February 2012 the following regulation shall apply: If the employment relationship is terminated between the employee’s 25th (twenty-fifth) and 35th (thirty-fifth) year of service, a proportion of two monthly remunerations pro rata to the employment actually served during this ten-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees whose employment relationship ends after 1 February 2019 the following regulation shall apply: If the employment relationship is terminated between the employee’s 20th and 25th year of service a proporation proportion of one 1 (one) monthly remuneration pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. Alternatively to the monetary entitlement, all employment anniversaries to the extent they fall due during a valid employment relationship may be converted into time credits if so requested by the employees. Conversion of such monetary entitlements shall be agreed in writing between employers and employees. Monetary entitlements (from the 35th or 40th employment anniversary may be converted, in part, into time credits. Such conversion shall, however, always include full monthly remunerations. The adjustment of existing works agreements shall be carried out by 30 June 2018 at the latest. Consumption of such time credits shall be agreed. If no agreement has been made on their consumption, employees shall have the right to unilaterally determine the time of consumption subject to a notice period of 6 (six) months. Time credits shall be consumed as a single entity, splitting them shall not be allowed. Regarding employment anniversaries after 1 February 2018, the time credit may be split, with the smallest part to be one month long. If a time credit is consumed directly prior to the person’s retiring on an old-age pension, it shall be appreciated by a factor 1.3 (one point three). The conversion of monetary entitlement into time credits shall not constitute an agreement on part-time employment. The basis for translating the monetary entitlement into a time credit shall be the monthly remuneration. For the time during which the time credit is consumed, the employee shall be entitled to continued remuneration (average of the last 3 (three) calendar months). Time credits left over at the end of an employment relationship shall be paid out to the extent not consumed. If the employment relationship is terminated by the death of the employee, non-consumed time credits shall be due to the legal heirs. If no persons have such claims then the amount due shall be paid into the estate. Any further regulations may be made by way of a works agreement.

Anniversary Bonus. Employees shall be entitled to an anniversary bonus in accordance with the following rates, with employment periods served with the same employer being added up: at the 25th employment anniversary 1 monthly remuneration, at the 35th employment anniversary 2 monthly remunerations, at the 40th employment anniversary 3 monthly remunerations. The bonus shall be due and payable at the end of the month during which the employment anniversary falls. The monthly remuneration shall be calculated mutatis mutandis to Item 2 of Section 14. The bonus is subject to the reservation that, in exceptional cases, enterprises suffering from economic and financial problems may consider lower remunerations. For employees who entered their employment relationship prior to 1 April 2003 the following regulation shall apply: If the employment relationship is terminated between the employee’s 35th (thirty-fifth) and 40th (fortieth) year of service, a proportion of three monthly remunerations pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees who entered their employment relationship prior to 1 February 2012 the following regulation shall apply: If the employment relationship is terminated between the employee’s 25th (twenty-fifth) and 35th (thirty-fifth) year of service, a proportion of two monthly remunerations pro rata to the employment actually served during this ten-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees whose employment relationship ends after 1 February 2019 the following regulation shall apply: If the employment relationship is terminated between the employee’s 20th and 25th year of service a proporation of one monthly remuneration pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. Alternatively to the monetary entitlement, all employment anniversaries to the extent they fall due during a valid employment relationship may be converted into time credits if so requested by the employees. Conversion of such monetary entitlements shall be agreed in writing between employers and employees. Monetary entitlements (from the 35th or 40th employment anniversary may be converted, in part, into time credits. Such conversion shall, however, always include full monthly remunerations. The adjustment of existing works agreements shall be carried out by 30 June 2018 at the latest. Consumption of such time credits shall be agreed. If no agreement has been made on their consumption, employees shall have the right to unilaterally determine the time of consumption subject to a notice period of 6 (six) months. Time credits shall be consumed as a single entity, splitting them shall not be allowed. Regarding employment anniversaries after 1 February 2018, the time credit may be split, with the smallest part to be one month long. If a time credit is consumed directly prior to the person’s retiring on an old-age pension, it shall be appreciated by a factor 1.3 (one point three). The conversion of monetary entitlement into time credits shall not constitute an agreement on part-time employment. The basis for translating the monetary entitlement into a time credit shall be the monthly remuneration. For the time during which the time credit is consumed, the employee shall be entitled to continued remuneration (average of the last 3 (three) calendar months). Time credits left over at the end of an employment relationship shall be paid out to the extent not consumed. If the employment relationship is terminated by the death of the employee, non-consumed time credits shall be due to the legal heirs. If no persons have such claims then the amount due shall be paid into the estate. Any further regulations may be made by way of a works agreement.

Anniversary Bonus. Employees shall be entitled to an anniversary bonus in accordance with the following rates, with employment periods served with the same employer being added up: at the 25th employment anniversary 1 monthly remuneration, at the 35th employment anniversary 2 monthly remunerations, at the 40th employment anniversary 3 monthly remunerations. The bonus shall be due and payable at the end of the month during which the employment anniversary falls. The monthly remuneration shall be calculated mutatis mutandis to Item 2 of Section 14. The bonus is subject to the reservation that, in exceptional cases, enterprises suffering from economic and financial problems may consider lower remunerations. For employees who entered their employment relationship prior to 1 April 2003 the following regulation shall apply: If the employment relationship is terminated between the employee’s 35th (thirty-fifth) and 40th (fortieth) year of service, a proportion of three monthly remunerations pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees who entered their employment relationship prior to 1 February 2012 the following regulation shall apply: If the employment relationship is terminated between the employee’s 25th (twenty-fifth) and 35th (thirty-fifth) year of service, a proportion of two monthly remunerations pro rata to the employment actually served during this ten-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. For employees whose employment relationship ends after 1 February 2019 the following regulation shall apply: If the employment relationship is terminated between the employee’s 20th and 25th year of service a proporation of one monthly remuneration pro rata to the employment actually served during this five-year period shall be paid as anniversary bonus. This shall not apply if the employee is dismissed for fault or quits without cause. Alternatively to the monetary entitlement, all employment anniversaries to the extent they fall due during a valid employment relationship may be converted into time credits if so requested by the employees. Conversion of such monetary entitlements shall be agreed in writing between employers and employees. Monetary entitlements (from the 35th or 40th employment anniversary may be converted, in part, into time credits. Such conversion shall, however, always include full monthly remunerations. The adjustment of existing works agreements shall be carried out by 30 June 2018 at the latest. Consumption of such time credits shall be agreed. If no agreement has been made on their consumption, employees shall have the right to unilaterally determine the time of consumption subject to a notice period of 6 (six) months. Time credits shall be consumed as a single entity, splitting them shall not be allowed. Regarding employment anniversaries after 1 February 2018, the time credit may be split, with the smallest part to be one month long. If a time credit is consumed directly prior to the person’s retiring on an old-age pension, it shall be appreciated by a factor 1.3 (one point three). The conversion of monetary entitlement into time credits shall not constitute an agreement on part-time employment. The basis for translating the monetary entitlement into a time credit shall be the monthly remuneration. For the time during which the time credit is consumed, the employee shall be entitled to continued remuneration (average of the last 3 (three) calendar months). Time credits left over at the end of an employment relationship shall be paid out to the extent not consumed. If the employment relationship is terminated by the death of the employee, non-consumed time credits shall be due to the legal heirs. If no persons have such claims then the amount due shall be paid into the estate. Any further regulations may be made by way of a works agreement.