Common use of YUKON BONUS Clause in Contracts

YUKON BONUS. B9.01 Subject to the conditions set out in this article, each employee shall be entitled to a Yukon Bonus in the amount of $2,000 upon the completion of the first year of continuous service and upon the completion of each subsequent year of continuous employment. B9.02 Part time employees shall be paid the Yukon Bonus on a proportionate basis as compared to full time employees; that is the amount of the bonus shall be calculated on the basis of the number of straight time hours worked as compared to the number of hours constituting a full time position. B9.03 The Yukon Bonus shall be paid out on the regular pay day for the pay period following the pay period in which the employee’s qualifying date falls. Unless otherwise advised one pay period in advance by submission of the requisite form, the Employer will not deduct income tax from the Yukon Bonus. B9.04 Upon layoff, employees shall be paid the Yukon Bonus, on a pro-rated basis, based on the number of completed months worked since their last qualifying date or commencement of employment.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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YUKON BONUS. B9.01 Subject to the conditions set out in this article, each employee shall be entitled to a Yukon Bonus in the amount of $2,000 2,242 upon the completion of the first year of continuous service and upon the completion of each subsequent year of continuous employment. B9.02 Part time employees shall be paid the Yukon Bonus on a proportionate basis as compared to full time employees; that is the amount of the bonus shall be calculated on the basis of the number of straight time hours worked as compared to the number of hours constituting a full time position. B9.03 The Yukon Bonus shall be paid out on the regular pay day for the pay period following the pay period in which the employee’s qualifying date falls. Unless otherwise advised one pay period in advance by submission of the requisite form, the Employer will not deduct income tax from the Yukon Bonus. B9.04 Upon layoff, employees shall be paid the Yukon Bonus, on a pro-rated basis, based on the number of completed months worked since their last qualifying date or commencement of employment.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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YUKON BONUS. B9.01 Subject to the conditions set out in this article, each employee shall be entitled to a Yukon Bonus in the amount of $2,000 2,200 upon the completion of the first year of continuous service and upon the completion of each subsequent year of continuous employment. B9.02 Part time employees shall be paid the Yukon Bonus on a proportionate basis as compared to full time employees; that is the amount of the bonus shall be calculated on the basis of the number of straight time hours worked as compared to the number of hours constituting a full time position. B9.03 The Yukon Bonus shall be paid out on the regular pay day for the pay period following the pay period in which the employee’s qualifying date falls. Unless otherwise advised one pay period in advance by submission of the requisite form, the Employer will not deduct income tax from the Yukon Bonus. B9.04 Upon layoff, employees shall be paid the Yukon Bonus, on a pro-rated basis, based on the number of completed months worked since their last qualifying date or commencement of employment.

Appears in 1 contract

Samples: Collective Agreement

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