Christmas bonus definition

Christmas bonus means a sum of money to which a person is entitled under Regulation 2 and which is payable in accordance with Regulation 5;
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Christmas bonus means a sum of money to which a person is entitled under Articles 2 and 3;
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Christmas bonus means the Christmas bonus as set forth in Section 8.2.(a)(ii).
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Examples of Christmas bonus in a sentence

  • The amount of this payment shall be equal to three (3) times the annual base compensation, year-end Christmas bonus, and special bonuses, if any, paid to the Employee by the Bank during the calendar year preceding the year in which the Change in Control occurs.

  • A6.5.3 Any payments made for purposes not covered by this Agreement (e.g. a Christmas bonus) will not reduce the Employer’s liability to pay in full each and every other rate or allowance in this Agreement as they fall due.

  • The Christmas bonus shall be calculated mutatis mutandis as set forth in Item 2 of Section 14 above.

  • Remuneration for working hours in excess of the agreed working hours shall be included as an average of the last 12 calendar months prior to the month in which the holiday bonus and Christmas bonus are paid.

  • If the employee fails to take a holiday, the pro rata holiday bonus shall be paid together with the Christmas bonus.

  • If the apprentice completes his/her apprenticeship and continues his/her employment with the enterprise by way of becoming an employee, the remaining amount under Item 2 above shall be paid, at the latest, together with the Christmas bonus.

  • The amount of this payment shall be equal to three (3) times the annual base compensation, year-end Christmas bonus, and special bonuses, if any, paid to the Employee by the Company and or Bank during the calendar year preceding the year in which the Change in Control occurs.

  • Employees shall be entitled to annual leave pay and a Christmas bonus every calendar year.

  • The aliquot annual leave pay is due in accordance with item 3, but at the latest with the Christmas bonus.

  • If the employment begins during the calendar year, the annual leave pay and Christmas bonus shall be due on a pro rata basis (1/52 per calendar week begun).