Christmas premium Sample Clauses

Christmas premium. Those who have been employed by the same company for the full year and are still with the company in the last week of November or the first week of December shall no later than 15 December each year receive a special lump sum, Christmas premium. Part-time workers fulfilling the same conditions shall be paid pro rata. Work ratio is proportionate to customary working hours, although not exceeding 40 hours per week for clerks (39.5 from 1 October 2000) and 38 hours per week for office workers (37.5 from 1 October 2000). The period measured is determined by the calendar year. A full year’s work is here defined as 45 working weeks or more excluding vacations. Employees with less work longevity shall be paid pro rata. The Christmas premium amount is fixed and is not altered by other provisions. Christmas bonus rates are as follows: In 2000 ISK 28,200 In 2001 ISK 40,000 (acc. to contract, VR/SA 7 March 2001) In 2002 ISK 41,000 (acc. to contract, VR/SA 7 March 2001) In 2003 ISK 42,000 (acc. to contract, VR/SA 7 March 2001) An employee who stops working during the year due to age or after 12 consecutive weeks with the same company shall at time of termination be paid a Christmas premium in proportion to work longevity and ratio in that year. The same rule applies if an employee is on sickness leave after the employer’s paying obligation ends or, as in the case of maternity/paternity leave, for up to 6 months. Christmas premium with vacation pay is paid independently and irrespective of wages.
Sample 1
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Related to Christmas premium

  • Christmas Day Easter Tuesday shall be observed as a Public Holiday in lieu of Easter Saturday and any work performed on Easter Saturday shall be paid at ordinary Saturday penalty rates. Should Christmas Day, Boxing Day, New Years Day, Australia Day or ANZAC day fall on a weekend, the following Monday, or other day as agreed shall be taken in lieu.

  • CHRISTMAS BONUS 16.01 All part-time employees on the payroll of the Company as of December 1st in any year who have completed six (6) months' continuous service with the Company shall be entitled to a Christmas Bonus of fifteen ($l5.00) dollars payable on or before December 15th.

  • Christmas or New Year's Day Off The Employer agrees to make every reasonable effort to ensure that employees required to work shift shall have at least Christmas Day or the following New Year's Day off.

  • Training Premium Qualified Operators selected by the Employer to train new Operators shall be paid a training premium of 40¢ per hour while engaged in training work.

  • Night Shift Premium Any employee who is required to work on any day when the majority of their working hours fall between 10.00 p.m. and 5.00 a.m., or who starts their shift prior to 5.00 a.m., shall be paid a premium, in addition to their regular, hourly rate, of one dollar and twenty-five cents ($1.25) per hour for all hours worked on the shift. Shift premium pay shall not be added to an employee’s hourly rate for the purpose of computing overtime. This clause shall not result in duplication of premiums.

  • Christmas Break The break between Christmas and New Year’s shall be accountable time for all faculty and shall not require attendance on campus. In areas of the University that must, by the nature of their work, operate on a more or less continuous basis, such as the Libraries, Admissions or Counselling, the administrator responsible on consultation collectively with all available regular and non-regular type 2 members in division, shall recommend to the employer suitable levels of operation to be maintained during this break.

  • Overtime Premium Pay Time and one-half (1 1/2) the employee's straight time rate of pay shall be paid for all hours actually worked in excess of forty (40) hours in any one workweek.

  • Weekend Premium Effective July 1, 2020, an employee shall be paid a weekend premium of one dollar and ten cents ($1.10) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Sunday Premium All hours worked by an Employee on Sunday, shall be paid for on the basis of one and one-half (1½) times the Employee’s Regular Rate of Pay. For the purpose of this Section, Sunday shall be deemed to be the twenty-four (24) hours beginning with the shift change hour nearest to 12:01 a.m.

  • Holiday Premium If an employee works one of the following holidays, they will receive time and one half for all hours worked on that holiday: New Year’s Day, Xxxxxx Xxxxxx Xxxx Xx. Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veteran’s Day, Thanksgiving, the Day after Thanksgiving, and Christmas.

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