Overtime bonus Sample Clauses

Overtime bonus. 1. Depending on whether overtime is worked, the actual wage of a temporary agency worker subject to ABU remuneration is multiplied by an overtime bonus. Overtime takes place if work is performed in excess of the usual working hours per day or per week in the relevant sector, or the number of hours fixed by regulations or timetables. Overtime immediately following the normal working hours and lasting no more than half an hour is not qualified as such. a. The bonus factor will amount to at least 1.25. b. The bonus factor will amount to no more than 1.50. 2. If the private employment agency wishes to apply the bonus factor for irregular hours consistent with the factor applying at the user company in the same circumstances, the private employ- ment agency can submit a request for dispensation from this article to the CLA parties. The CLA parties will make a decision on the request. A request for dispensation must be submitted in writing, stating the reasons, to the Dispensation Committee at the following address: PO Box 144, 1170 AC Badhoevedorp or xxxxxxxxxxxxxxxxxxxx@xxx.xx. For the purposes of this paragraph, ‘in writing’ means ‘sent by letter or by e-mail’. 3. If the provisions of this article are applied, article 36 does not apply.
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Overtime bonus. 1. Depending on whether or not overtime is worked, the actual wage is increased by an overtime bonus. Overtime is deemed to have been worked if work is performed in excess of the number of working hours per day, per week or by arrangement or a schedule that is normal in the sector. The bonus factor shall be at least 1.25. The bonus factor shall be no more than 1.50. 2. If the private employment agency applies the hirer’s remuneration in accordance with article 19, paragraph 5, the private employment agency shall apply the overtime bonus that corresponds with the applicable factor under similar circumstances in the user company’s organisation. 3. If the private employment agency wishes to apply the bonus factor for irregular working hours that corresponds with the applicable factor under similar circumstances in the user company’s organisation without applying article 19, paragraph 5 of this Collective Labour Agreement, the private employment agency must submit a request for dispensation of article 26, paragraph 1 of this Collective Labour Agreement to the parties to this Collective Labour Agreement. The CLA parties decide with regard to the request. A written request stating the reasons for dispensation should be submitted to the Dispensation Committee at the following address: PO Box 144, 1170 AC Badhoevedorp or xxxxxxxxxxxxxxxxxxxx@xxx.xx. In this article, written means: ‘sent by letter or by e-mail’. 4. If paragraphs 1 and/or 2 of this article are applied, paragraphs 1 and 2 of article 25 shall not apply.
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Overtime bonus. Effective retroactive to January 1, 2016: 7.10.1 Employees who work seventy-five (75) hours of combined voluntary and forced floor overtime in a calendar year shall earn a bonus of five hundred dollars ($500) per calendar year. 7.10.2 Employees who work one hundred fifty (150) hours of combined voluntary and forced floor overtime in a calendar year shall earn an additional bonus of five hundred dollars ($500) per calendar year. 7.10.3 The maximum amount an employee may earn as an overtime bonus in a calendar year is one thousand dollars ($1,000). Employees who earn an overtime bonus will receive the bonus in the second (2nd) pay period following the date the bonus is earned. This section will expire on December 31, 2017, unless extended by mutual agreement.
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Overtime bonus. Depending on whether overtime is worked, the actual wage of a temporary agency worker subject to ABU remuneration is multiplied by an overtime bonus. Overtime takes place if work is performed in excess of the usual working hours per day or per week in the relevant sector, or the number of hours fixed by regulations or timetables. Overtime immediately following the normal working hours and lasting no more than half an hour is not qualified as such.
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Overtime bonus. Effective upon ratification of this agreement, employees shall no longer have the option of earning vacation day card bonuses for every 12 hours of overtime earned in a pay period. Employees who have earned vacation day card bonuses for working overtime prior to ratification will be allowed to use the vacation day cards until the expiration date of the vacation day card or within six months of the date the card was issued, whichever date comes first.
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Related to Overtime bonus

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • Sick Leave Bonus ‌ For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Salary, Bonus and Benefits For services rendered by the Employee on behalf of the Company during the Employment Term, the following salary, bonus and benefits shall be provided to the Employee by the Company: (a) The Company shall pay to the Employee, in equal installments, according to the Company’s then current practice for paying its executive officers in effect from time to time during the Employment Term, the Annual Base Salary. (b) The Employee shall participate in the Sealy Corporation Annual Bonus Plan (the “Bonus Plan”) in accordance with the provisions of that Plan as in effect as of the date of this Agreement based on the Target Annual Bonus Percentage. (c) The Employee shall be eligible for participation in such other benefit plans, including, but not limited to, the Company’s Profit Sharing Plan and Trust, Executive Severance Benefit Plan, Benefit Equalization Plan, Short-Term and Long Term Disability Plans, Group Term Life Insurance Plan, Medical Plan or PPO, Dental Plan, the 401(k) feature of the Profit Sharing Plan and the 1998 Stock Option Plan, as the Board may adopt from time to time and in which the Company’s executive officers are eligible to participate. Such participation shall be subject to the terms and conditions set forth in the applicable plan documents. As is more fully set forth in Section 6 hereof, the Employee shall not be entitled to duplicative payments under this Agreement and the Executive Severance Benefit Plan. (d) Without limiting the generality of Subsection 3(c) above, for so long as such coverage shall be available to the executive officers of the Company, the Employee shall be eligible to participate in the Company’s Group Term Life Insurance Plan with a death benefit to be provided at the level of one and one half (1 ½) times annual base salary at Company expense, plus extended coverage with a death benefit to be provided of at least the level in effect on the date of this Agreement for the Employee under such Plan at the Employee’s discretion and expense. (e) The Employee shall be entitled to take, during each calendar year period during the Employment Term, vacation time equal to four (4) weeks per year. (f) In addition, the Parties do hereby further confirm that any shares of Class A Common Stock of the Company (“Class A Shares”), and any options to purchase additional Class A Shares previously granted to Employee are in addition to, and not in lieu of, any shares or options which may be granted under any other plan or arrangement of the Company after the date of this Agreement, and (b) the various stock agreements and stock option agreements, and any related Stockholder Agreement (the “Stockholder Agreement”) between the Parties (such agreements being hereinafter referred to collectively as the “Pre-existing Agreements”), all remain in full force and effect except as otherwise provided herein. Notwithstanding the foregoing, to the extent that any provision contained herein is inconsistent with the terms of any of the Pre-existing Agreements, the terms of this Agreement shall be controlling.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Severance Pay Notwithstanding the provisions of Article 62 (Severance Pay) of this Agreement, where the period of continuous employment in respect of which severance benefit is to be paid consists of both full and part-time employment or varying levels of part-time employment, the benefit shall be calculated as follows: the period of continuous employment eligible for severance pay shall be established and the part-time portions shall be consolidated to equivalent full-time. The equivalent full-time period in years shall be multiplied by the full-time weekly pay rate for the appropriate group and level to produce the severance pay benefit.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

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