Common use of Loyalty Premium Clause in Contracts

Loyalty Premium. 1 When awarding a loyalty premium the employer shall determine the period during which the employee is expected to continue in employment with the UMC in order to qualify for payment of the loyalty premium.

Appears in 9 contracts

Samples: Cao University Medical Centres, Cao University Medical Centres 2018 2020, Cao University Medical Centres 2018 2020

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Loyalty Premium. 1 When awarding a loyalty premium the employer shall determine the period during which the employee is expected to continue in employment with the UMC umc in order to qualify for payment of the loyalty premium.

Appears in 1 contract

Samples: Collective Agreement

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Loyalty Premium. 1 1. When awarding a loyalty premium the employer shall determine the period during which the employee is expected to continue in employment with the UMC in order to qualify for payment of the loyalty premium. 2. The loyalty premium shall be paid at the end of the stipulated period. 3. The employer may pay part of the loyalty premium to an employee whose contract of employment is terminated within the stipulated period for reasons that in the opinion of the employer are not the fault of the employee.

Appears in 1 contract

Samples: Collective Agreement

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