Common use of Basis for Calculation Clause in Contracts

Basis for Calculation. The following elements are included in the basis for calculating pension contributions: • Pay from employer during adult education • Holiday pay for monthly-paid workers and those similar to salaried workers • Holiday pay for hourly-paid workers • Shift allowance • Flexible wage account • Bonuses (although not birthday or anniversary bonuses etc.) • Pay during • Monthly pay (including personal supplements) • Profit sharing, paid in cash • Extra work and overtime work • Performance-related pay, commission and bonus • Sick pay paid by the employer • Sickness holiday pay • Hourly pay • Holiday allowance It is agreed that as of 1 March 2012, pay-as-you-earn wages shall be considered the same as those earned by salaried workers in the industry.

Basis for Calculation. The following elements are included in the basis for calculating pension contributions: • Pay from employer during adult education • Holiday pay for monthly-paid workers and those similar to salaried workers • Holiday pay for hourly-paid workers • Shift allowance • Flexible wage account • Bonuses (although not birthday or anniversary bonuses etc.) • Pay during maternity leave • Monthly pay (including personal supplements) • Profit sharing, paid in cash • Extra work and overtime work • Performance-related pay, commission and bonus • Sick pay paid by the employer • Sickness holiday pay • Hourly pay • Holiday allowance It is agreed that as of 1 March 2012, pay-as-you-earn wages shall be considered the same as those earned by the salaried workers in the industry.