December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2015: ISK 78,000 In 2016: ISK 82,000 In 2017: ISK 86,000 In 2018: ISK 89,000 A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation). The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
December bonus. The December bonus for each calendar year based on full employment is: ISK 78,000 for the year 2015, ISK 82,000 for the year 2016, ISK 86,000 for the year 2017, ISK 89,000 for the year 2018, A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 15 December each year, according to percentage of full-time position and length of employment, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months, or that are in work in the first week of December. With agreement with a worker, it is authorised to have the settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Accrued December bonus shall be settled on termination of employment should this take place prior to the due day for the bonus. A worker with a contractual relationship with the company who is not on the payroll because of a lack of raw material or because of illness in December does not lose his/her right to the December bonus and if he comes to work at the end of an absence due to lack of raw material, then this period of time is included in the calculation of the December bonus.
December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2019 ISK 92,000 In 2020 ISK 94,000 In 2021 ISK 96,000 In 2022 ISK 98,000 The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation), or 1,631.25 hours. From 1 January 2020, the above figure will be based on a 45-minute shortening of the working week, or 1,597.5 hours. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
December bonus. The December bonus for each calendar year, based on the full-time job of an employee is: Year 2019 ISK 92,000 Year 2020 ISK 94,000 Year 2021 ISK 96,000 Year 2022 ISK 98,000 The bonus is paid no later than 15 December each year, based on job percentage, to all employees who have been in temporary or indeterminate employment with an employer for 12 weeks during the last 12 months or are employed during the first week of December. A full-time job in this context is work for 45 weeks besides annual holiday. It is permitted, by way of agreement with the employee, to use a settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Any earned December bonus shall be settled at the end of employment if employment ends before the settlement date of the bonus.
December bonus. 1 The employee is entitled to a structural December bonus of 3% of the salary received in that calendar year (see Appendix A).
December bonus. In the year 2019 In the year 2020 In the year 2021 In the year 2022 115,850 ISK 118,750 ISK 121,700 ISK 124,750 ISK • Starting from 1 May 2021, all members will have earned 30 paid vacation days irrespective of age, for full-time work over the holiday year 1 May 2020 – 31 April 2021. • Single holiday accrual will be active from 1 January 2020, and the holiday percentage will be 13.04% for all employees starting from that date. Holiday rights in 2020 will therefore be as follows: • Under 30 years of age = 26 days • 30 - 37 years = 28 days • 38 years and over = 30 days • Vacation taken during wintertime by employer’s request goes down from 33% to 25%. In the year 2020 In the year 2021 In the year 2022 50,450 ISK 51,700 ISK 53,000 ISK The article providing 12 sick days for children of the age 0-12 is changed so that the right is extended to children of the age 13-16 in cases of serious illness requiring hospitalisation. • A joint workgroup of union members and management shall be set up in each institution/department and should propose a possible implementation of the shortening. • An approved working time arrangement shall be implemented in each workplace as soon as possible and no later than 1 January 2021, see Example A on a later slide. • If no agreement is reached, a shortening of 13 min. per day or 65 min. per week applies, see Example B.
December bonus. On the December 5th, 2014 pay date, the department will provide the employee with a one-time bonus of five hundred dollars ($500). This bonus is in lieu of retroactive pay and will only apply to the 2014 calendar year and then this article will be removed. November 3, 2014 Pay scale: Effective November 3, 2014 Employee salaries shall reflect the adjusted pay scale as listed in appendix A “Wage Scale” November, 2014-June 30, 2015 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 FF 43275 45438 47710 50096 52601 55231 57992 FF/PM 49364 51832 54423 57145 60002 63002 66152 ENG 54423 57145 60002 63002 66152 Captain 61790 64879 68123 71529 75106 June 29,2015 Pay Scale: Effective June 29, 2015 Employee salaries shall reflect an increase of Three (3) percent. The adjusted pay scale is listed in appendix A “Wage Scale” July 1-June 30, 2016.
Step 1 Salary + 3% Removed Step 1 Step 2 Step 3 Step 4 Step 5 Step 6
December bonus. The December bonus for each calendar year based on full employment is: In 2019 ISK 92,000 In 2020 ISK 94,000 In 2021 ISK 96,000 In 2022 ISK 98,000 A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 15 December each year, according to percentage of full-time position and length of service, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months, or that are in work in the first week of December. With agreement with a worker, it is authorised to have the settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Accrued December bonus shall be settled on termination of employment should this take place prior to the due day for the bonus. A worker with a contractual relationship with the company who is not on the payroll because of a lack of raw material or because of illness in December does not lose his/her right to the December bonus and if he comes to work at the end of an absence due to lack of raw material, then this period of time is included in the calculation of the December bonus.
December bonus. The December bonus for each calendar year based on full employment is: In 2023 ISK 103,000 A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 15 December each year, according to percentage of full-time position and length of service, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months, or that are in work in the first week of December. With agreement with a worker, it is authorised to have the settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Accrued December bonus shall be settled on termination of employment should this take place prior to the due day for the bonus. A worker with a contractual relationship with the company who is not on the payroll because of a lack of raw material or because of illness in December does not lose his/her right to the December bonus and if he comes to work at the end of an absence due to lack of raw material, then this period of time is included in the calculation of the December bonus.
December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2023 ISK 103,000 A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation) or 1,653.75 hours for office workers and 1,743.75 hours for shop assistants. The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus. As an agreement has been reached that a December bonus is included in the monthly wages, the parties agree that a special increase in December bonus is not automatically included in the monthly wage. A special payment may therefore be paid separately in December according to the rules that the collective wage agreements contain, or they may be paid as a certain ISK increase of the monthly wage.
