Benefits in kind. The fair value of a benefit in kind shall be applied as its cash value when applying the remuneration system. If the fair value cannot be determined, then the taxable value shall be applied instead. The National Board of Taxes annually specifies the criteria for determining the cash value of benefits in kind for tax purposes. An example of reckoning the value of a benefit in kind (motor vehicle benefit and telephone benefit) Cash salary EUR 2,200 Taxable value of motor vehicle benefit EUR 300 Taxable value of telephone benefit EUR 20 Cash value of benefits in kind notified in salary statistics EUR 320 EUR 320 Total salary applicable for the purpose of salary regulations EUR 2,520 14 Seniority bonus Unless the time of payment of seniority bonus is otherwise locally agreed, a seniority bonus shall be paid to the salaried employee at the time of the salary payment immediately following 1 December according to the length of the employee’s continuous employment at the end of November of the same year. The bonus shall be paid as follows: Length of uninterrupted employment Formula for calculating the bonus At least 10 but not 15 years 0,15 x Lkk x 12 monthly salary including benefits in kind At least 15 but not 20 years 0,30 x Lkk x 12 monthly salary including benefits in kind At least 20 but not 25 years 0,45 x Lkk x 12 monthly salary including benefits in kind 25 years or longer 0,60 x Lkk x 12 monthly salary including benefits in kind Where Lkk is the number of leave-earning months in the preceding leave-earning year. A seniority bonus payment period of less than one year may also be agreed locally. If the seniority bonus is paid at periods of three months or less, then it shall be treated as ordinary monthly salary for various pay and pay administration purposes (including annual holiday pay, salary for part-time work, and supplements for overtime and Sunday work).
Appears in 2 contracts
Samples: Collective Agreement for Salaried Employees, Collective Agreement for Salaried Employees
Benefits in kind. The fair value of a benefit in kind shall be applied as its cash value when applying the remuneration system. If the fair value cannot be determined, then the taxable value shall be applied instead. The National Board of Taxes annually specifies the criteria for determining the cash value of benefits in kind for tax purposes. An example of reckoning the value of a benefit in kind (motor vehicle benefit and telephone benefit) Cash salary EUR 2,200 Taxable value of motor vehicle benefit EUR 300 Taxable value of telephone benefit EUR 20 Cash value of benefits in kind notified in salary statistics EUR 320 EUR 320 Total salary applicable for the purpose of salary regulations EUR 2,520 14 Seniority bonus Unless the time of payment of seniority bonus is otherwise locally agreed, a seniority bonus shall be paid to the salaried employee at the time of the salary payment immediately following 1 December according to the length of the employee’s continuous employment at the end of November of the same year. The bonus shall be paid as follows: Length of uninterrupted employment Formula for calculating the bonus employment At least 10 but not 15 years 0,15 x Lkk x 12 monthly salary including benefits in kind At least 15 but not 20 years 0,30 x Lkk x 12 monthly salary including benefits in kind At least 20 but not 25 years 0,45 x Lkk x 12 monthly salary including benefits in kind 25 years or longer 0,60 x Lkk x 12 monthly salary including benefits in kind monthly salary including benefits in kind monthly salary including benefits in kind monthly salary including benefits in kind Where Lkk is the number of leave-earning months in the preceding leave-earning year. A seniority bonus payment period of less than one year may also be agreed locally. If the seniority bonus is paid at periods of three months or less, then it shall be treated as ordinary monthly salary for various pay and pay administration purposes (including annual holiday pay, salary for part-time work, and supplements for overtime and Sunday work).
Appears in 1 contract
Samples: Collective Agreement
Benefits in kind. The fair value of a benefit in kind shall be applied as its cash value when applying the remuneration system. If the fair value cannot be determined, then the taxable value shall be applied instead. The National Board of Taxes annually specifies the criteria for determining deter- mining the cash value of benefits in kind for tax purposes. An example of reckoning the value of a benefit in kind (motor vehicle benefit and telephone benefit) Cash salary EUR 2,200 € Taxable value of motor vehicle benefit EUR 300 € Taxable value of telephone benefit EUR 20 € Cash value of benefits in kind notified in salary statistics EUR 320 EUR € 320 € Total salary applicable for the purpose of salary regulations EUR 2,520 € 14 Seniority bonus Unless the time of payment of seniority bonus is otherwise locally agreed, a seniority bonus shall be paid to the salaried employee at the time of the salary payment immediately following 1 December according to the length of the employee’s continuous employment at the end of November of the same year. The bonus shall be paid as follows: Length of uninterrupted uninter- rupted employment Formula for calculating the bonus At least 10 but not 15 years 0,15 0.15 x Lkk 12 x 12 monthly salary including with benefits in kind At least 15 but not 20 years 0,30 0.30 x Lkk 12 x 12 monthly salary including with benefits in kind At least 20 but not 25 years 0,45 0.45 x Lkk 12 x 12 monthly salary including with benefits in kind 25 years or longer 0,60 0.60 x Lkk 12 x 12 monthly salary including with benefits in kind Where Lkk is the = number of leave-earning months in the preceding leave-leave- earning year. A seniority bonus payment period of less than one year may also be agreed locally. If the seniority bonus is paid at periods of three months or less, then it shall be treated as ordinary monthly salary for various pay and pay administration purposes (including annual holiday pay, salary for part-time work, and supplements for overtime and Sunday Sun- day work).
Appears in 1 contract
Samples: Collective Agreement
Benefits in kind. The fair value of a benefit in kind shall be applied as its cash value when applying the remuneration system. If the fair value cannot be determined, then the taxable value shall be applied instead. The National Board of Taxes annually specifies the criteria for determining the cash value of benefits in kind for tax purposes. An example of reckoning the value of a benefit in kind (motor vehicle benefit and telephone benefit) Cash salary EUR 2,200 Taxable value of motor vehicle benefit EUR 300 Taxable value of telephone benefit EUR 20 Cash value of benefits in kind notified in salary statistics EUR 320 EUR 320 14 Total salary applicable for the purpose of salary regulations Seniority bonus EUR 2,520 14 Seniority bonus Unless the time of payment of seniority bonus is otherwise locally agreed, a seniority bonus shall be paid to the salaried employee at the time of the salary payment immediately following 1 December according to the length of the employee’s continuous employment at the end of November of the same year. The bonus shall be paid as follows: Length of uninterrupted employment Formula for calculating the bonus At least 10 but not 15 years 0,15 x Lkk x 12 monthly salary including benefits in kind At least 15 but not 20 years 0,30 x Lkk x 12 monthly salary including benefits in kind At least 20 but not 25 years 0,45 x Lkk x 12 monthly salary including benefits in kind 25 years or longer 0,60 x Lkk x 12 monthly salary including benefits in kind Where Lkk is the number of leave-earning months in the preceding leave-earning year. A seniority bonus payment period of less than one year may also be agreed locally. If the seniority bonus is paid at periods of three months or less, then it shall be treated as ordinary monthly salary for various pay and pay administration purposes (including annual holiday pay, salary for part-time work, and supplements for overtime and Sunday work).
Appears in 1 contract
Samples: Collective Agreement