Cycle Allowance Clause Samples
The Cycle Allowance clause defines the terms under which employees are compensated for using bicycles for work-related travel. Typically, this clause specifies the rate per mile or kilometer that will be reimbursed, outlines any eligibility requirements, and may set limits on the total allowance claimable within a certain period. Its core practical function is to ensure employees are fairly reimbursed for personal expenses incurred while cycling for business purposes, promoting sustainable travel and clarifying reimbursement procedures.
Cycle Allowance. In supersession of clause 25 of Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, cycle allowance is payable to the members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at Rs.75/- p.m. at all centers. Cycle allowance would not be paid to a workmen member of the subordinate staff entitled to the allowance for the period of leave where such leave exceeds 30 days.
Cycle Allowance see section 4.
Cycle Allowance. In supersession of Clause III (b) of the Settlement between IBA and AIBEA dated 8-11-1973, cycle allowance: will be paid to members of the subordinate staff who are required by a bank to use a cycle on regular assignment for outdoor duties at the following rates. ‘B’ Class ‘C’ Class
Cycle Allowance. (Reference: Clause 20 of 12th Bipartite Settlement dated 08.03.2024) With effect from 01.11.2022, cycle allowance is payable to the members of the sub-ordinate staff who are required to use a cycle on regular assignment for outdoor duties at Rs. 300/- p.m. at all centres.