Annual Good Attendance Bonus Sample Clauses

Annual Good Attendance Bonus. In place of the accumulation of untaken Personal leave in any year, the employee may apply for a bonus made up of wages equivalent to the untaken Personal leave remaining from the current year's entitlement. This will be paid in the first pay period of December each year. This payment must be made in accordance with the Workplace Relations Act 1996 (Cth) (Currently a minimum of fifteen (15) days entitlement is required to be left in an employee’s entitlement after any payout of Personal Leave).
Sample 1
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Annual Good Attendance Bonus. (a ) An Employee who has, by the end of the first pay period in December of the relevant year, accumulated in excess of fifteen (15) days personal/carer's leave, may make a written election to forgo an amount of their untaken personal/carer's leave accumulated in the current year. Subject to the authorisation of the Company, the Employee is entitled to receive payment in lieu of the amount of paid personal(sick)/carer's at his or her ordinary hourly rate of pay. Irrespective of the amount paid out, the Employee must always have a minimum of fifteen (15) days entitlement for personal(sick)/carer's leave in accordance with the Workplace Relations Act 1996 (Cth).( 2002 Agreement will apply for the payment in December 2008).
Sample 1

Related to Annual Good Attendance Bonus

  • Attendance Bonus Employees are eligible for an attendance bonus when every shift is satisfactorily worked throughout the monthly schedule period and no changes are requested in the schedule by the employee except for trading shifts as provided for in Article 13.4.4 or utilizing unpaid union leave. To qualify, a minimum of 130 compensated hours must have been worked during the qualifying period. The bonus will be an additional twenty-five ($0.25) per hour on only the hours worked in the qualifying period.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

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