Profitability Bonus. In each year of the agreement, each Employee who has been employed with the Company for a minimum of 12 months shall be paid a one-off bonus payment if the yearly net profit for the service department exceeds budget as follows: (i) If the yearly net profit exceeds 15% of budget, $1000; or (ii) If the yearly net profit exceeds 25% of budget, $1500.
Appears in 4 contracts
Samples: Enterprise Agreement, Enterprise Agreement, Enterprise Agreement
