Holiday Bonus Sample Clauses
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is to be as follows: In the holiday reference year beginning on 1 May 2019: ISK 50,000. In the holiday-reference year beginning on 1 May 2020: ISK 51,000. In the holiday reference year beginning on 1 May 2021: ISK 52,000. In the holiday reference year beginning on 1 May 2022: ISK 53,000. A special supplement, ISK 26,000, to the holiday bonus is paid in 2019. The holiday bonus in 2019 shall be paid not later than 2 May. A full year’s employment, in this context, is 45 worked weeks or more, excluding holiday time (annual vacation), or 1,687.5 hours for office workers and 1,777.5 hours for shop assistants. As of 1 January 2020, the aforementioned figures will be based on a 45-minute shorter work week, i.e. 1,653.75 for office workers and 1,743.75 hours for shop assistants. The bonus shall be paid 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. The holiday bonus includes holiday (vacation) pay, and it is a fixed sum that is not subject to change according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
Holiday Bonus. Each employee shall be paid a Holiday Bonus in December of each calendar year as follows: Up to One (1) Year of Service: $ 60 One (1) Year up to Ten (10) Years $120 Ten (10) Years Up To Twenty (20) Years $315 Twenty (20) Years+ $400
Holiday Bonus. The employees shall receive a holiday bonus in the amount of the basic monthly salary to which they are entitled at the time of payment not later than by the 30th day of June of each year.
Holiday Bonus. 9.2.1 Holiday bonus and its payment
Holiday Bonus. No changes.
Holiday Bonus. The holiday bonus for each holiday reference year (1 May to 30 April), based on full-time employment, is: • In the holiday reference year beginning on 1 May 2023: ISK 56,000. 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 shall be paid before 1 June, based on the employee’s job proportion and length of employment during the holiday reference year, to all employees who have been in continuous employment for the same employer for 12 weeks during the previous 12 months as of 30 April or are employed during the first week of May. The holiday allowance bonus includes holiday allowance, and it is a fixed amount that is not subject to alterations according to other provisions. Accrued holiday bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus. In cases where an agreement has been reached that the holiday allowance bonus is included in the monthly wages, the parties agree that a special increase in the holiday bonus is not automatically included in the monthly wage. A special payment may therefore be paid separately in June according to the rules that the collective wage agreements contain, or they may be paid as a certain ISK increase of the monthly wage. (Protocol 2014 on Holiday and Desember supplements that are paid out simultaneously with monthly wages)
Holiday Bonus. A holiday bonus will be paid only to employees who have been employed by the district for at least ninety (90) days. The holiday bonus shall be paid the last payday before holiday based on the following: 0 – 10 hours per week -$ 100 11 -20 hours per week -$ 150 21 hours or more per week -$ 200
Holiday Bonus. (1) Every employee who has completed 12 consecutive months of employment with the same employer when the establishment closes for the annual leave period, shall be entitled to payment of a holiday bonus equal to one weeks’ remuneration.
(2) An employee who has not completed 12 consecutive months with the same employer when the establishment closes for the annual leave period, shall be entitled to payment of one twelfth of the holiday bonus for every month of employment.
(3) For the purpose of calculation of the period of employment, an employee shall be deemed to have 12 consecutive months employment if his employment commenced when the establishment re-opened after the annual leave period and if he is still in employment when the establishment closes for the next annual leave period.
(4) Employment for 15 consecutive calendar days shall be considered employment for a full month for the purpose of calculating the holiday bonus.
(5) The holiday bonus shall be paid to employees by no later than one day prior to the commencement of the annual leave period.
Holiday Bonus. The holiday bonus for each holiday pay year (1st May to 30th April) based on full-time employment is: ISK 50,000 per holiday pay year beginning 1st May, 2019 ISK 51,000 per holiday pay year beginning 1st May, 2020 ISK 52,000 per holiday pay year beginning 1st May, 2021 and ISK 53,000 per holiday pay year beginning 1st May, 2022. Full annual employment in this case is considered 45 weeks of work or more, not including holidays. The bonus is to be paid on 1st June, according to employment rate and period of service during the holiday pay year, to all employees who have been working for the employer for 12 consecutive weeks during the previous 12 months as of 30th April, or who are working during the first week of May. The holiday 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.
Holiday Bonus. Holiday bonus for each holiday year (1 May to 30 April) based on the full-time employment of an indeterminately recruited guide is: Year 2019 ISK 50,000 Year 2020 ISK 51,000 Year 2021 ISK 52,000 Year 2022 ISK 53,000