Common use of Anniversary Bonus Clause in Contracts

Anniversary Bonus. For many years of service the employee shall be granted, after employment with the same business enterprise for 25 years at least 2 monthly salaries 35 years at least 3 monthly salaries 40 years at least 4 monthly salaries as a one-time appreciation payment. Moreover, the employee will be granted special leave on his/her anniversary as well as on the next day while his/her salary will be continued to be paid. By derogation from the above provision, the following shall apply to employment contracts entered into on or after 1 January 2010: For many years of service the employee shall be granted, after employment with the same business enterprise for 10 years at least 1 monthly salary 20 years at least 2 monthly salaries 30 years at least 3 monthly salaries as a one-time-appreciation payment. Furthermore, the employee shall be given a day off on the day of his/her 10th anniversary in employment and, for the 20th and 30th anniversary, on the day of the anniversary and the following day while continuing to receive pay. The anniversary days are calculated with re- gard to a 5-day working week for full-time employees and on a pro-rata basis for part-time employees, with partial vacation days being rounded up to full days. If a company offers other one-time corporate benefits in kind within the framework of anni- versaries, the employee shall have the right to choose between this benefit in kind or the anniversary bonus according to the collective bargaining agreement in effect (either/or).

Anniversary Bonus. For many years of service the employee shall be granted, after employment with the same business enterprise for 25 years at least 2 monthly salaries 35 years at least 3 monthly salaries 40 years at least 4 monthly salaries as a one-time appreciation payment. Moreover, the employee will be granted special leave on his/her anniversary as well as on the next day while his/her salary will be continued to be paid. By derogation from the above provision, the following shall apply to employment contracts entered into on or after 1 January 2010: For many years of service the employee shall be granted, after employment with the same business enterprise for 10 years at least 1 monthly salary 20 years at least 2 monthly salaries 30 years at least 3 monthly salaries as a one-time-appreciation payment. Furthermore, the employee shall be given a day off on the day of his/her 10th anniversary in employment and, for the 20th and 30th anniversary, on the day of the anniversary and the following day while continuing to receive pay. The anniversary days are calculated with re- gard regard to a 5-day working week for full-time employees and on a pro-rata basis for part-part- time employees, with partial vacation days being rounded up to full days. If a company offers other one-time corporate benefits in kind within the framework of anni- versariesanniversaries, the employee shall have the right to choose between this benefit in kind or the anniversary bonus according to the collective bargaining agreement in effect (either/or).