Common use of December bonus Clause in Contracts

December bonus. The December bonus for each calendar year based on full-time employment is: ISK 92,000 in 2019, ISK 94,000 in 2020, ISK 96,000 in 2021, and ISK 98,000 in 2022. Full annual employment in this case is considered 45 weeks of work or more, not including holidays. The bonus is to be paid no later than 15th December every year according to the employment percentage and period of service to all employees who have been working for the employer for 12 consecutive weeks during the previous 12 months or who are working during the first week of December. Instead of a calendar year, the accounting period may be counted from 1st December to 30th November each year by agreement with the employee. The December bonus includes holiday pay, is a fixed amount and is not subject to changes according to other provisions. Accrued holiday bonus pay is to be settled upon termination of employment/retirement if termination/retirement occurs before the bonus is due for payment. An employee who is in an employment relationship with a company but is not on the payroll due to a shortage of raw materials or due to illness in December does not lose the right to a December bonus, and that time is taken into consideration when calculating the December bonus if the worker comes to work after an absence due to a shortage of raw materials.

December bonus. The December bonus for each calendar year based on full-time full employment is: ISK 92,000 in 201978,000 for the year 2015, ISK 94,000 in 202082,000 for the year 2016, ISK 96,000 in 202186,000 for the year 2017, and ISK 98,000 in 2022. Full annual employment 89,000 for the year 2018, A full year’s work in this case is considered to be 45 worked weeks of work or more, not including holidaysholiday. The bonus is to be paid no later than 15th 15 December every year each year, according to the employment percentage of full-time position and period length of service employment, to all employees workers who have been working for in continuous employment with the employer for 12 consecutive weeks during the previous last 12 months months, or who that are working during in work in the first week of December. Instead of With agreement with a calendar yearworker, it is authorised to have the accounting settlement period may be counted from 1st 1 December to 30th 30 November each year by agreement with instead of the employeecalendar year. The December bonus includes holiday pay, is a fixed amount and is does not subject to changes change according to other provisions. Accrued holiday December bonus pay is to shall be settled upon on termination of employment/retirement if termination/retirement occurs before employment should this take place prior to the bonus is due day for paymentthe bonus. An employee who is in an employment A worker with a contractual relationship with a the company but who is not on the payroll due to because of a shortage lack of raw materials material or due to because of illness in December does not lose the his/her right to a December bonus, and that time is taken into consideration when calculating the December bonus and if the worker he comes to work after at the end of an absence due to a shortage lack of raw materialsmaterial, 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 full employment is: ISK 92,000 in 201978,000 for the year 2015, ISK 94,000 in 202082,000 for the year 2016, ISK 96,000 in 202186,000 for the year 2017, and ISK 98,000 in 2022. Full annual employment 89,000 for the year 2018, A full year’s work in this case is considered to be 45 worked weeks of work or more, not including holidaysholiday. The bonus is to be paid no later than 15th 15 December every year each year, according to the employment percentage of full-time position and period length of service service, to all employees workers who have been working for in continuous employment with the employer for 12 consecutive weeks during the previous last 12 months months, or who that are working during in work in the first week of December. Instead of With agreement with a calendar yearworker, it is authorised to have the accounting settlement period may be counted from 1st 1 December to 30th 30 November each year by agreement with instead of the employeecalendar year. The December bonus includes holiday pay, is a fixed amount and is does not subject to changes change according to other provisions. Accrued holiday December bonus pay is to shall be settled upon on termination of employment/retirement if termination/retirement occurs before employment should this take place prior to the bonus is due day for paymentthe bonus. An employee who is in an employment A worker with a contractual relationship with a the company but who is not on the payroll due to because of a shortage lack of raw materials material or due to because of illness in December does not lose the his/her right to a December bonus, and that time is taken into consideration when calculating the December bonus and if the worker he comes to work after at the end of an absence due to a shortage lack of raw materialsmaterial, 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 full employment is: ISK 92,000 in 201978,000 for the year 2015, ISK 94,000 in 202082,000 for the year 2016, ISK 96,000 in 202186,000 for the year 2017, and ISK 98,000 in 2022. Full annual employment 89,000 for the year 2018, A full year’s work in this case is considered to be 45 worked weeks of work or more, not including holidaysholiday. The bonus is to be paid no later than 15th 15 December every year each year, according to the employment percentage of full- time position and period length of service service, to all employees workers who have been working for in continuous employment with the employer for 12 consecutive weeks during the previous last 12 months months, or who that are working during in work in the first week of December. Instead of With agreement with a calendar yearworker, it is authorised to have the accounting settlement period may be counted from 1st 1 December to 30th 30 November each year by agreement with instead of the employeecalendar year. The December bonus includes holiday pay, is a fixed amount and is does not subject to changes change according to other provisions. Accrued holiday December bonus pay is to shall be settled upon on termination of employment/retirement if termination/retirement occurs before employment should this take place prior to the bonus is due day for paymentthe bonus. An employee who is in an employment A worker with a contractual relationship with a the company but who is not on the payroll due to because of a shortage lack of raw materials material or due to because of illness in December does not lose the his/her right to a December bonus, and that time is taken into consideration when calculating the December bonus if and this period of time is included in the worker comes to work after an absence due to a shortage calculation of raw materialsthe December bonus.