Common use of ANNUAL WAGE SUPPLEMENT Clause in Contracts

ANNUAL WAGE SUPPLEMENT. (1) An Annual Wage Supplement shall be paid to all staff in December of each calendar year. (2) For a staff who has served the Institution for not less than 12 months at the time when the Annual Wage Supplement is paid out, the Annual Wage Supplement shall be equivalent to 1 month of the staff’s last drawn monthly salary, comprising base salary and MVP, as at 1st December of the year. (3) Staff who have not completed 12 months of service shall have their Annual Wage Supplement pro-rated according to the completed months of service. (4) Proportionate Annual Wage Supplement shall be paid to staff whose services are terminated due to retrenchment, retirement, medical boarding out or death. (5) Staff who have resigned or who have served notice of resignation or are serving notice of termination on or before 31st December shall not be eligible for Annual Wage Supplement. (6) Staff who join in the month of December are not eligible for Annual Wage Supplement for that year.

ANNUAL WAGE SUPPLEMENT. (1) An Annual Wage Supplement shall be paid to all staff in December of each calendar year. (2) For a staff who has served the Institution Hospital for not less than 12 months at the time when the Annual Wage Supplement is paid out, the Annual Wage Supplement shall be equivalent to 1 month of the staff’s last drawn monthly salary, comprising base salary and MVP, as at 1st December of the year. (3) Staff who have not completed 12 months of service shall have their Annual Wage Supplement pro-rated according to the completed months of service. (4) Proportionate Annual Wage Supplement shall be paid to staff whose services are terminated due to retrenchment, retirement, medical boarding out or death. (5) Staff who have resigned or who have served notice of resignation or are serving notice of termination on or before 31st December shall not be eligible for Annual Wage Supplement. (6) Staff who join in the month of December are not eligible for Annual Wage Supplement for that year.

ANNUAL WAGE SUPPLEMENT. (1) An Annual Wage Supplement shall be paid to all staff in December of each calendar year. (2) For a staff who has served the Institution Hospital for not less than 12 months at the time when the Annual Wage Supplement is paid out, the Annual Wage Supplement shall be equivalent to 1 month of the staff’s last drawn monthly salary, comprising base salary and MVP, as at 1st December of the year. (3) Staff who have not completed 12 months of service shall have their Annual Wage Supplement pro-rated according to the completed months of service. (4) Proportionate Annual Wage Supplement shall be paid to staff whose services are terminated due to retrenchment, retirement, medical boarding out or death. (5) Staff who have resigned or who have served notice of resignation or are serving notice of termination on or before 31st December shall not be eligible for Annual Wage Supplement. (6) Staff who join in the month of December are not eligible for Annual Wage Supplement for that yearSupplement.