Common use of December bonus Clause in Contracts

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 full-time employment is: ISK 78,000 for the year 201592,000 in 2019, ISK 82,000 for the year 201694,000 in 2020, ISK 86,000 for the year 201796,000 in 2021, and ISK 89,000 for the year 2018, A full year’s work 98,000 in 2022. Full annual employment in this case is considered to be 45 worked weeks of work or more, not including holidayholidays. The bonus is to be paid no later than 15 15th December each year, every year according to the employment percentage and period of full-time position and length of employment, service to all workers employees who have been in continuous employment with working for the employer for 12 consecutive weeks during the last previous 12 months, months or that who are in work in working during the first week of December. With agreement with Instead of a workercalendar year, it is authorised to have the settlement accounting period may be counted from 1 1st December to 30 30th November each year instead of by agreement with the calendar yearemployee. The December bonus includes holiday pay, is a fixed amount and does is not change subject to changes according to other provisions. Accrued December holiday bonus shall pay is to be settled on upon termination of employment/retirement if termination/retirement occurs before the bonus is due for payment. An employee who is in an employment should this take place prior to the due day for the bonus. A worker relationship with a contractual relationship with the company who but is not on the payroll because of due to a lack shortage of raw material materials or because of due to illness in December does not lose his/her the right to a December bonus, and that time is taken into consideration when calculating the December bonus and if he the worker comes to work at the end of after an absence due to lack a shortage of raw material, then this period of time is included in the calculation of the December bonusmaterials.

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-full- time position and length of employmentservice, 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: 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 employmentservice, 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.